Capacities

Lukoil lets EPC contract for Kstovo coker

Lukoil NizhegorodNefteorgSyntez has let an engineering, procurement, and construction contract to McDermott International Inc. for a delayed coking unit at the 17 million-tonne/year refinery at Kstovo in Central Russia’s Nizhny Novgorod region. The 2.1 million-tpy coker…






Qatar Petroleum adds train to LNG expansion

Qatar Petroleum (QP) is adding a fourth liquefaction train to the LNG expansion project it announced in 2017. When the expansion is complete, Qatar’s LNG production capacity will be 110 million tonnes/year, a roughly 43% increase…



Marathon completes Andeavor acquisition

Marathon Petroleum Corp. closed on the acquisition of Andeavor to create the largest US refiner by capacity and one of the top five largest refiners globally. Along with Marathon’s six existing refineries in the US…


A threatened balance

Balance in the oil market depends on more than continued management of supply by the Organization of Petroleum Exporting Countries and cooperating exporters. So far, however, supply receives most attention.