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News

Q3 2012 – oil production and refinery demand

...oils at refineries fell by 9.2% when compared to the previous year. The closure of the Coryton refinery was a contributory factor, having previously accounted for around 10% of the...
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Insight

Fuel purchasing: Should you contract your supply or not?

...be made available for collection ex-rack (from the refinery or terminal) or delivered to the distributor’s own storage location/depot. Buying in this way ensures security of supply for the buyer,...

News

A positive story for the UK

A newcomer to the UK, the Valero Energy Corporation entered the UK market last summer following its acquisition of Chevron assets including the Pembroke refinery, pipelines, terminals, an aviation fuels...

News

Building a retail network at Essar

...been agreed and these will be rolled out over the coming months. This is the first time the company, which owns and operates the Stanlow oil refinery, has supplied product...

News

Slicker shortlisted for waste oil recycling

...launched a £70 million base oil re-refinery in Denmark, last July, as part of a joint venture with its German partner, Avista AG. Through the Danish facility, used lubricating oils...

News

Stanlow – new long term working capital funding facilities

Essar Oil UK’s Stanlow refinery, which has reported ‘strong results and healthy financials’ produces approximately 15% of UK transport fuels, including three billion litres of petrol, 3.5 billion litres of...

News

New import terminal for oil products at Coryton

...maintenance, security, engineering, truck driving and construction”.   “To continue operating as a refinery, some hundreds of millions would have needed to be invested in the plant, and unfortunately this...

News

No deal for Coryton

In the absence of any serious buyer interest, Coryton’s fate now looks sealed.   DECC is, however, keeping in ‘close contact’ with PwC, as the refinery’s administrators look at further options...

News

Oil trader expands into physical assets

The world’s largest oil trader, Vitol has teamed up with Marcel Van Poecke, co-founder of Petroplus, to buy the Cressier refinery in Switzerland. Petroplus administrator, Wenger-Plattner reported last week that...

Interview

In Profile – Luc Smets

In the August edition of Fuel Oil News magazine, we chatted with Luc Smets, general manager at Prax Lindsey oil refinery, to discover more about the man behind the industry...