Hints and tips:
...Nigeria is Africa’s largest oil producer but has had to import fuels due to a lack of refining capacity....
...The Development Finance Corporation (DFC) could support resilient global supply chains while supporting economic development....
...It also partnered with Shell and China National Offshore Oil Corporation to secure exploration blocks in Brazil in December....
...According to the International Energy Agency, China accounts for about 90 per cent of global refining for rare earth metals, and about two-thirds for lithium and cobalt....
...China controls 63 per cent of global lithium refining, 70 per cent of nickel processing and 65 per cent of graphite mining, according to Benchmark Mineral Intelligence, an information provider....
...This article has been updated following Chevron’s announcement of a planned acquisition of Hess Corporation...
...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...
...The measures were less stringent than originally expected, after the ISSB said in December it would allow corporations an additional year to report emissions across their entire value chain....
...The most plausible early use cases for green hydrogen in India include refining, as companies such as Reliance use the gas to convert crude oil into fuel products....
...The group led by LG Energy Solution, the world’s second-biggest EV battery maker, has signed an agreement with local mining company PT Aneka Tamban (Antam) and Indonesia Battery Corporation....
...(Amanda Chu) Power Points Africa’s lack of refining capacity is exacerbating fuel shortages on the continent....
...Despite producing 8 per cent of the world’s crude, Africa lacks refining capacity, so it has to import almost all of its fuel. [MUSIC PLAYING] You can read more on all of these stories at FT.com....
...and United Aircraft Corporation....
...Nigeria needs the combined refining capacity of its own refineries and the Dangote project to satisfy local petrol demand, Kyari said....
...All told, up to 500,000 b/d has been cut from gulf refining runs, said market sources. Valero and Motiva didn’t respond to requests for comment....
...The effort to overhaul Exxon’s board is among the most-watched US shareholder proxy battles in years and highlights a broader test for corporations and Wall Street as climate change risks rise up investors...
...Last year’s oil crash coincided with an unprecedented focus by global governments, corporations and the public on committing to net-zero emissions targets by 2050....
...In December, Orlen, a state-controlled refining group, bought up 20 of Poland’s 24 regional newspapers....
...Standard Oil’s deceptive and bullying tactics beat rivals, but undermined claims that the corporation was good for the nation as a whole....
...I say this because in the early 1960s Anthony De Angelis used massive inventories of oil held by his Allied Crude Vegetable Oil Refining Corporation to borrow large amounts of money from American Express...
...And refining test and trace, coupled with rolling out mass testing, remains urgent, and employers are keen to help reinforce government efforts.”...
...What we try to do is keep refining the probabilities until we know, with much greater certainty, what is actually happening....
...“So we don’t need to find a new system — it’s more like refining the metrics and the definitions we already have.”...
...(Myles McCormick) The world has too much refining capacity — and more is coming The fundamentals have turned against the global refining business....
...Indian Oil Corporation, the country’s biggest refiner, thinks fuel demand will rebound by the end of the year, writes Stephanie Findlay....
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