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...Saudi Arabia’s production cuts have also limited the availability of similar oil that could be a “typical replacement” for Russian crude, he added....
...“At least for the last three years, the whole world lost around 4mn barrels of refining capacity, 2.7mn of them just from the beginning of Covid.”...
...Ship-owning companies are frequently incorporated in a country other than their ships’ flag states....
...The first point is that — unlike makers of smaller, flexible electrolysers — its hulking alkaline machines are designed for industrial applications such as refining and steelmaking....
...But a less well understood factor is refining costs. Petrol, diesel but also jet fuels have been on a tear in recent weeks due to limits in refining capacity. Take diesel....
...Last month it completed the purchase of a 10 per cent stake in China’s Rongsheng Petrochemical Co Ltd for $3.4bn in a deal that will see Aramco supply 480,000 b/d of crude to China’s largest refining and...
...Agoa can be a tool for expanding the existing minerals trade between the US and Africa by encouraging investment from G7 countries in the refining and processing that African countries require before export...
...refining capacity was capped at 107mn litres....
...Saudi Arabia is keen to receive Chinese help to diversify its economy and wants investments beyond the traditional oil, refining and telecommunications sectors, in industries ranging from steel to internet...
...Petrol and diesel prices are back on the rise amid tightness in the oil market and constrained refining capacity....
...Under the arrangement with Shenzhen-listed Rongsheng Petrochemical Co, Saudi Aramco will supply 480,000 barrels a day of Saudi crude to China’s largest integrated refining and chemicals facility in Zhejiang...
...The Saudi Arabian producer said on Sunday that it sold more oil than in 2021, improved refining margins and benefited from strong crude prices, which helped net income to rise 47 per cent to its highest...
...Oil powerhouse Saudi Arabia is considering further production cuts, while the risk of supply disruptions if the Israel-Hamas conflict spreads through the Middle East has not dissipated....
...The initial public offering would be the first-ever listing in Saudi Arabia for a business incorporated outside the Gulf Cooperation Council, which also comprises Bahrain, Kuwait, Oman, Qatar and the United...
...Aftab Zafar, an oil adviser in Islamabad, said that refining the Russian crude would cost between $2 and $5 a barrel, eating into the savings....
...As well as housing the country’s contemporary museum it was also the site Adolf Hitler used to announce the “Anschluss”, which incorporated Austria into the Third Reich....
...On Saturday, Saudi Arabia, Russia, China, Iran and a number of other countries formed the Global Coalition for Plastic Sustainability, calling for a bottom-up approach that improves waste management while...
...In the absence of IMF support, Pakistan has turned to longstanding allies such as China and Saudi Arabia....
...Exxon also reported third-quarter earnings had risen to $9.1bn, up from $7.9bn in the previous three months, thanks to the oil price increase and more refining activity, although a little lower than expected...
...The crude is depressurised in silver, dome-shaped “spheroids” and then piped into 18 stabiliser columns, where impurities like dissolved gases and hydrogen sulphide are removed, before it is sent for refining...
...Previous ventures — notably its assault on the rocks of Yosemite — incorporated high-definition screens to show close-ups of the dancers....
...Milakovic and his team are busy tweaking and refining the design, ensuring the next generation of J Craft has less impact on the environment....
...Spring Metal — which Chourasia incorporated in the low-tax, high-secrecy Malaysian offshore centre of Labuan in January 2015, according to corporate records — is one of seven companies accused by Trafigura...
...If, for example, the Saudi Arabian oil company Aramco, now the largest listed company in the world, had listed in London and its 1.5 per cent free float had been incorporated in the index, this would have...
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