Page 20 - Repi Refining News Today

Independent U.S. refiner Par Pacific Holdings is expected take over a 63,000-barrel-per-day (bpd) Billings, Montana refinery from Exxon Mobil on June 1, said Exxon spokesperson Julie King on Friday.

Efforts to remove carbon dioxide (CO2) emissions from industry and store them underground have gathered pace across Europe over the past few years as countries scramble to meet climate goals.

Brazilian energy company Energisa Transmissao de Energia SA won ownership of natural gas firm ESGas at a privatization auction on Friday, buying stakes from the state government and Vibra Energia .

An international arbitration ruling on March 23 prompted the shutdown of Iraq's northern crude oil exports through Turkey and sent oil prices back towards $80 a barrel.

The Mexican economy could grow up to 3.0% both this year and next, boosted by increased manufacturing investment and cooling inflation, according to a copy of the government's latest budget forecasts seen by Reuters on Friday.

PetroChina , said on Thursday that it expects Chinese refined fuel demand to rise 3% this year from pre-COVID levels in 2019 and that of natural gas to be up 5.5% from last year, after reporting a record net profit for 2022.

A suspension of Kurdistan's oil exports has halted repayments via crude cargoes of $6 billion owed to energy traders including Vitol and Petraco by the semi-autonomous Iraqi region, trading sources told Reuters.

Canada's province of Alberta - the heart of the country's oil and gas industry - is expected to offer more support for carbon capture utilization and storage (CCUS) projects now that the federal government has its incentives in place, the federal natural resources minister told Reuters on Thursday.

Valero Energy Corp , the second-largest U.S. oil refiner, is seeking Washington's permission to import Venezuelan crude, according to four people close to the matter, hoping for a repeat of the approval granted to Chevron Corp in November after a four-year ban.

Australia's gasoline and diesel imports are expected to rise 2% to hit a record for a second straight year due to a drop in domestic production and a post-COVID economic recovery boosting fuel demand, traders, analysts and an industry source said.