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Gulf Petrochem is building a refinery in Tanzania that will be used as medium and heavy crude distillation units and distillate products will be naphtha, MTO gas oil and fuel oil. [8] Bunkering: In 2012, Gulf Petrochem began supplying Khor Fakkan and Jebel Ali bunker market. [9] In India, India Pvt Ltd, a subsidiary of Gulf Petrochem FZC, is a ...
The three most quoted oil products are North America's West Texas Intermediate crude (WTI), North Sea Brent Crude, and the UAE Dubai Crude, and their pricing is used as a barometer for the entire petroleum industry, although, in total, there are 46 key oil exporting countries. Brent Crude is typically priced at about $2 over the WTI Spot price ...
At the same time, Petrotrin was responsible for managing the country's sole petroleum refinery, whose existence undercut the profits foreign oil companies might expect from selling refined products back to Trinidad and Tobago. Petrotrin was unable to balance these conflicting goals. By 2017, Petrotrin was in financial trouble.
The number of ships considered in violation of the embargo can be significant. In October 2023, 2 carrying crude oil and 21 with oil products were identified, out of a total of 182 tankers carrying oil from Russian Black Sea ports that month. [5] In 2023, under 5% of Russian crude oil products went to Europe, a fall of 90% in the year. [6]
The following is a list of countries by exports of refined petroleum, including gasoline. Data is for 2023, in billions of United States dollars. Currently, the top 10 countries are listed according to Worlds Top Exports ranking. [1] #
Petroleum refining in the United States in 2024 had a capacity of 18.4 million barrels per day. [2] Although the US was the world's largest net importer of refined petroleum products as recently as 2008, the US became a net exporter in 2010, and in 2014 was the largest exporter and the largest net exporter of refined petroleum. [3]
Petrolube has a 43% market share in Saudi Arabia and exports Petromin Oils to over 40 countries. They produce more than 150 industrial and automotive lubricants and other associated products. The main product categories include gasoline, diesel engine oils, gear and transmission oil, greases, industrial, marine, and specialty products. [36]
In 2003, Oman Oil Marketing Company (Oman Oil) was founded. [4] Oman Trading International, a trading division, was established in 2006. [4] Oman Refineries and Petrochemicals Co. was created in 2007 with the merger of Oman Refinery Company and Sohar Refinery Company. [4] In 2009, Oman Oil Company Exploration & Production was founded. [4]