Hints and tips:
...“There are dozens of cars they’ve deployed, they’re everywhere,” says Micah Miranda, the city’s economic development director. “They are spectacularly unspectacular.”...
...The city-state is one of the world’s top three refining centres despite producing no oil or gas of its own....
...The new directors proposed by Hess include John Krenicki, the former head of GE’s energy business, and Mark Williams, former head of refining and marketing for Shell....
...Chevron said it would at best break even on its “downstream” – refining and marketing – operations where “lower margins and refinery input volumes” have hit earnings....
...FT: How have your priorities been adjusted after the problems you’ve had, how are you refining your plans for Dubai’s growth?...
...But there had been hopes that changes in the oil-refining market would protect this segment from the worst of the downturn....
...In June, it agreed a landmark $3.5bn deal to buy a majority stake in Tamoil, the refining group, from the Libyan government....
...Other US refineries have also suffered problems restricting their output, at a time of lavish refining margins in the US....
...An internal BP probe into the 2005 Texas City explosion found that John Manzoni, the then-head of refining and marketing, who left BP in May, should have carried out a “much deeper dive” into the true state...
...The other fantastic story today, which is not British but which will be of huge interest in the City, is that UBS has given up on the hedge fund set up less than two years ago by John Costas, the former...
...Even in big cities, consumers typically buy groceries at roadside produce stalls and tiny stores....
...While it was criticised for moving into refining and marketing several years before the boom, the company is now reaping the benefits....
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