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11 August, 2022

Wood to engineer innovative Europe olefin complex

MOSCOW (MRC) -- Wood, the global consulting and engineering company, has secured a new contract with INEOS in excess of USD100 MM to deliver engineering, procurement and construction management (EPCm)...

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11 August, 2022

bp to sell interest in bp-Husky Toledo Refinery to Cenovus

MOSCOW (MRC) -- bp has reached an agreement to sell its 50% interest in the bp-Husky Toledo Refinery in Ohio to Calgary-based Cenovus, its joint venture partner in the facility, said Hydrocarbonproces...

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11 August, 2022

Ampol lets contract for its Future Fuels Desulfurization Project

MOSCOW (MRC) -- In a win for sustainability, Kent has been awarded the Future Fuels Desulphurization Project by Ampol, where they will support the reduction of fuel emissions by 2025, said Hydrocarbon...

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11 August, 2022

Versalis Dunastyr selects Antea Web AIM software

MOSCOW (MRC) -- Versalis Dunastyr, a major petrochemical company based in Hungary, has selected Antea Web — the complete suite of Antea’s globally leading asset integrity management (AIM) software wit...

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11 August, 2022

Toyo awarded refinery plant project at Vadodara

MOSCOW (MRC) -- Toyo Engineering India Private Limited, a wholly owned subsidiary of Toyo Engineering Corporation, has been awarded a contract by Indian Oil Corporation Limited for the Engineering, Pr...

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11 August, 2022

July fuel demand rises 6.1% year-on-year in India

MOSCOW (MRC) -- India's fuel demand in July rose 6.1% year-on-year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday, said Hydrocarbonprocessing.Consumpti...

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11 August, 2022

Japanese refiner Idemitsu Kosan raises annual profit forecast

MOSCOW (MRC) -- Japan's second-biggest oil refiner Idemitsu Kosan Co on Tuesday raised its annual profit forecast by 70% after reporting record first-quarter earnings, buoyed by higher prices of oil a...

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11 August, 2022

Russia to resume oil flows to Slovak oil refiner Slovnaft

MOSCOW (MRC) -- Slovak oil refiner Slovnaft said on Wednesday it expected Russian oil flows through Ukraine to resume in the coming days after it had made a payment for transit through Ukraine to remo...

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11 August, 2022

Japan lowers gasoline subsidy

MOSCOW (MRC) -- Japan lowered its gasoline subsidy for oil distributors to 31.4 yen (23.3 cents) a litre for the seven days from Thursday, versus 37.7 yen a week earlier, the industry ministry said on...

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10 August, 2022

Eastman board declared dividend

MOSCOW (MRC) -- The Board of Directors of Eastman Chemical Company has declared a quarterly cash dividend of $0.76 per share on the company’s common stock, said the company.The dividend is payable Oct...

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10 August, 2022

Saudi Kayan swings to Q2 net profit

MOSCOW (MRC) -- Saudi Kayan Petrochemical posted a second-quarter net profit of Saudi riyal (SR) 781m (USD208m), reversing a loss in the same period last year on the back of higher product prices and ...

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10 August, 2022

Idemitsu restarts 150,000-bpd Hokkaido CDU on July 25 after maintenance

MOSCOW (MRC) -- Japan's second-biggest oil refiner Idemitsu Kosan Co restarted the 150,000 bpd crude distillation unit (CDU) at its Hokkaido refinery in northern Japan on July 25 after maintenance, sa...

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09 August, 2022

Borealis suspends construction in Kallo

MOSCOW (MRC) -- Borealis suspends construction in Kallo after serious allegations against contractor and continues to support Belgian authorities in investigation, said the company.Restart of work on ...

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09 August, 2022

Novoshakhtinsk refinery fully resumes operations

MOSCOW (MRC) -- The Novoshakhtinsk oil refinery in Russia's southern Rostov region has fully resumed operations after it was struck by drones in June, said Hydrocarbonprocessing. The plant said in Jun...

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09 August, 2022

INEOS Styrolution sells its equity interest in INEOS Styrolution India

MOSCOW (MRC) -- INEOS Styrolution, the global leader in styrenics, announced today that it has entered into an agreement for the sale of its entire shareholding interest in INEOS Styrolution India to ...

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08 August, 2022

Braskem acqured Wise Plásticos

MOSCOW (MRC) -- Braskem, the market leader and a pioneer in the production of biopolymers, entered into an agreement for the acquisition of shares and the subscription of new shares in Wise Plasticos ...

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08 August, 2022

Evonik appointed ADCO as new distributor in CIS region

MOSCOW (MRC) -- The Oil Additives business line of Evonik has restructured its distribution setup for its products in CIS countries, announcing ADCO as its new distribution partner, said the company.T...

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08 August, 2022

Showa Denko revises forecast of consolidated performance

MOSCOW (MRC) -- Showa Denko (SDK) announces that, taking the Company's recent performance into account, it revises its forecast of consolidated business results for the first half of the year ending ...

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08 August, 2022

DuPont results beat estimates

MOSCOW (MRC) -- American chemical company DuPont de Nemours Inc. sharply increased net income in the second quarter of this year and increased revenue by 7%, but its forecast for the third quarter dis...

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