Port Author, Texas is may be adding over 600,000 barrels-per-day to their crude oil processing capacity. According to a recent Reuters article Motiva Enterprises is studying an expansion of its Port Arthur, refinery to more than double its current 603,000 barrel-per-day (bpd) crude oil processing capacity, Motiva Chief Executive Brian Coffman said on Saturday. The company is considering boosting the refinery’s capacity to between 1 million and 1.5 million bpd, Coffman said. The Motiva Port Arthur refinery is currently the country’s largest in capacity. Read Full Article Here: https://www.reuters.com/article/us-refinery-operations-motiva-expansion/motiva-mulls-doubling-of-port-arthur-texas-refinerys-capacity-ceo-idUSKBN1HF00E
Indian Oil Corp plans to invest 1.43 trillion rupees ( billion) in next five years as the country’s top refiner seeks to raise its annual capacity to about 3.2 million barrels per day by 2030, its head of refineries said on Saturday. Read Full Article Here: https://www.reuters.com/article/us-india-ioc/indias-top-refiner-plans-22-billion-expansion-over-five-years-idUSKBN1H70CW
India’s biggest oil refiner Indian Oil Corp. is planning to invest as much as .5 billion in the year beginning April 1, or about a fifth more than the previous year, to expand and upgrade its refineries and boost its marketing network, according to people with knowledge of the matter. Read Full Article Here: https://www.bloomberg.com/news/articles/2018-03-22/top-india-refiner-said-to-mull-investing-3-5-billion-to-expand
U.S. refiners are receiving smaller shipments of oil from members of the Organization of Petroleum Exporting Countries (OPEC) due to the bloc’s production cut agreement, according to a new report by Bloomberg. Weekly crude imports from seven bloc nations dropped by 14 percent last week, the Energy Information Administration said. The fall brings import levels down to the lowest since 2010, when the agency first started collecting weekly data. Ecuador cut shipments to the United States by 86 percent and Kuwait cut exports by 58 percent, week-over-week.… Read Full Article Here: https://oilprice.com/Energy/Crude-Oil/OPEC-Curbs-Oil-Shipments-To-US-Refiners.html
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