industryterm:oil refinery

Mongolia hopes fifth time’s the charm for oil refinery | The UB Post
▻http://theubpost.mn/2018/02/11/mongolia-hopes-fifth-times-the-charm-for-oil-refinery

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The construction of an oil refinery at Altan Shiree soum of Dornogovi Province is set to commence in April of 2018, financed with a one billion USD loan from India. The progress of the project has been encouraging for many who are hopeful that the refinery will offset a certain amount Mongolia’s fuel dependence on Russia.

Despite the optimism, there has been a lot of skepticism, rightfully so. An oil refinery has been an elusive objective for Mongolia for decades. Since the transition into a democracy in 1990, Mongolia has for the most part, been able to maintain the integrity of its political security, dictating its own foreign policy.

What Mongolia has not been able to do is fully ensure its economic and energy security. China is Mongolia’s biggest trading partner and largest buyer of its exports. Previously, the predecessor of the Russian Federation, the Soviet Union filled that role for Mongolia. In the 1990s, due to Russia being caught up in its own internal issues, it saw a significantly reduced role in Mongolia’s economy. Where Moscow has been able to make up for that loss is in the fuel sector.

Mongolia is essentially 100 percent dependent on Russia for fuel. Russia, in particular the state-owned Rosneft, is the largest exporter of fuel to Mongolia, accounting for 94 percent of fuel imports in 2016. In 2017, Russia accounted for up to 98 percent fuel imports to Mongolia. The almost absolute dependency of Mongolia on Russia and the fact that the Mongolian government considers fuel a strategic commodity helps maintain some influence of Russia on Mongolia’s economy.

The oil refinery financed by India is part of Prime Minister U.Khurelsukh’s Cabinet’s efforts to ensure that Mongolia produces food, energy, and fuel internally. The sentiment to alleviate Mongolia’s dependence on its two neighbors is not new and the construction of an oil refinery has been discussed for two decades.

Video : #ISIS Uses #Drones In Oil Refinery Assault

A video released by ISIS appears to show militants using aerial reconnaissance footage shot from a drone, and live video feeds in use in a command room during a night-time assault on Baiji, Iraq’s largest oil refinery.

▻http://www.vocativ.com/world/isis-2/isis-using-drones-in-iraq
#Irak #Iraq #raffinerie #EI #Etat_islamique

China to construct oil refinery in Tajikistan - AzerNews
▻http://www.azernews.az/region/78842.html

China’s Dong Ying Heli Investment and Development Co. Ltd will start construction of an oil refinery in the Danghara free economic zone, Avesta news agency reported.
Safarali Taifurov, deputy director of the Danghara FEZ said the Chinese side have completed design and excavation works and fenced the territory of the future refinery.
The investor has purchased German, Italian, and Chinese equipment worth $25 million, and is working on its delivery to Tajikistan.
The first production unit of the refinery is expected to be commissioned by late 2015.
Tajikistan currently relies on imports, mainly from Russia, to meet domestic need for fuel.
(…)
The State Committee of Investment and State Property Management of Tajikistan said the Chinese company will construct the refinery producing the Euro-3 standard gasoline and diesel fuel.
The project consists of two stages. In the first stage, worth over $160 million, the refinery’s capacity will be 500 thousand tons of crude oil per year and in the second stage, worth over $300 million, it will reach 1.2 million tons.

Why is #Saudi_Arabia flooding the #Oil market?
▻http://english.al-akhbar.com/content/why-saudi-arabia-flooding-oil-market

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An Iraqi oil worker works at Al-Doura oil refinery. (Photo: Getty Images-Oleg Nikishin) An Iraqi oil worker works at Al-Doura oil refinery. (Photo: Getty Images-Oleg Nikishin)

Oil prices declined sharply in the past few weeks, with Brent crude dropping to a two-year low as Saudi Arabia continued to slash its oil prices, raising many questions about Saudi Arabia’s policy towards its depletable wealth.

Hassan Chakrani

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#Economy #Articles #Iran #OPEC #Riyadh #US

Civilians among 32 dead in Iraqi #air_strikes
▻http://english.al-akhbar.com/content/civilians-among-32-dead-iraqi-air-strikes

Iraqi air strikes killed at least 32 people on Tuesday as security forces held off attacks on a strategic town and an oil refinery, officials and witnesses said. In the town of Baiji, north of Baghdad, air strikes killed at least 19 people and wounded at least 17 others, officials said. The officials said the dead and wounded were civilians, and it was unclear if there were any casualties among the militants who were the target of the strikes. Iraqiya state television said 19 “terrorists” were killed in the Baiji raids. read more

#Iraq #ISIS

Militants attack Iraqi oil refinery as Maliki sack military commanders
▻http://english.al-akhbar.com/content/militants-attack-iraqi-oil-refinery-maliki-sack-military-commande

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An image grab taken from a video uploaded on Youtube on June 17, 2014, allegedly shows militants from the Islamic State of #Iraq and al-Sham (ISIS) parading with an Iraqi army vehicle in the northern city of #Baiji in the in Salaheddin province. (Photo: AFP / Youtube)

Militants pressing a major offensive in Iraq attacked the country’s biggest oil refinery Wednesday, as the premier scrambled to regain the initiative by sacking security commanders and reaching out to political rivals. The United States, which is mulling air strikes against the insurgents, said it believed Baghdad’s security forces were rallying against the assault, while #Iran pledged not to let Shia shrines in Iraq fall to the Sunni militants leading the charge. read (...)

#Nouri_al-Maliki #US

#ISIS tightens control of #Mosul, seizes oil refinery town
▻http://english.al-akhbar.com/content/isis-tightens-control-mosul-seizes-oil-refinery-town

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Iraqi families fleeing violence in the northern Nineveh province gather at a Kurdish checkpoint in Aski kalak, 40 kilometers West of Arbil, in the autonomous Kurdistan region, on June 10, 2014. (Photo: AFP - Safin Hamed)

Jihadis were firmly in control of #Iraq's Mosul on Wednesday, patrolling the streets and calling for employees to return to work a day after seizing the northern city, witnesses said, as an estimated 500,000 residents fled the city. Militants from the Islamic State of Iraq and al-Sham (ISIS) overran Mosul and a string of northern towns on Tuesday, in a major blow to the Iraqi government that the United States warned threatens the entire region. read (...)

#Baiji

#attack on #Oil refinery foiled: #Yemen police
▻http://english.al-akhbar.com/node/18664

Yemeni authorities have foiled an attack on the oil refinery in Aden and arrested 27 suspected Al-Qaeda militants linked to the operation, police said Monday. The thwarted strike was the latest in a series of attacks targeting security forces and vital installations, including oil pipelines, in a country grappling with a thorny political transition. Security forces in the southern port city foiled at dawn Saturday “a terrorist attack by members of Al-Qaeda,” said Aden police deputy commissioner Najeeb al-Mughalas, quoted on the defense ministry website, 26sep.net. read more

#Top_News

#Libya's #Amazigh to boycott constitution talks, as ex-rebels end oil refinery blockade
▻http://english.al-akhbar.com/content/libyas-amazigh-boycott-constitution-talks-ex-rebels-end-oil-refin

Libya’s Berber minority will boycott a committee to draft a new national constitution, Berber leaders and the election commission said, in a move that complicates attempts to end oil and gas protests. Meanwhile, former rebels demanding medical care lifted on Wednesday a three-day blockade of an oil refinery in the Libyan town of Zawiya that had brought production to a halt, an AFP reporter said. read (...)

#Top_News

Texas Refinery Is Saudi Foothold in the U.S. - NYTimes.com
▻http://www.nytimes.com/2013/04/05/business/texas-refinery-is-saudi-foothold-in-us-market.html?_r=0

The giant Motiva oil refinery, which just completed a $10 billion expansion that makes it the largest processor of gasoline, diesel and other petroleum products in the United States, is owned by Saudi Aramco and Royal Dutch Shell in a 50-50 partnership.

...the Saudis have helped the United States and the global economy by increasing exports to moderate oil prices and top up worldwide supplies as the West applies sanctions against Iran. Saudi Arabia has been able to tap into its spare capacity, mostly lower-quality heavy sour crudes, to stretch its exports. Most refineries cannot easily process those crude oils, but the expanded Motiva refinery here can, freeing other Saudi grades for other markets.

“The Saudis are securing a home for their heavy crude,” said Fadel Gheit, a senior oil analyst at Oppenheimer & Company. “But there is no question that security is also part of the equation. In Saudi Arabia, oil and politics always mix.”

...several experts say that Motiva guarantees that a large amount of Saudi oil will be imported. They also say that Saudi Aramco discounts Saudi crude sales to Motiva through various accounting adjustments and credit lines with generous terms.

“The Saudis are going to have to keep discounting the crude for the joint venture to buy it,” said David L. Goldwyn, who served as the State Department’s coordinator for international energy affairs in the first Obama administration. “That makes it probably first a Saudi geopolitical asset by guaranteeing some market share even at a discounted price.”

InshaatReporter
I can confirm one source of shelling on #Homs which is Assyoun village near the oil refinery #Syria

Thousands of homes sacrificed to save New Orleans from Mississippi floods (The Guardian)
►http://www.guardian.co.uk/world/2011/may/15/key-mississippi-floodgate-opened?CMP=twt_gu

Opening of floodgate should also spare Louisiana’s capital but leaves farms, oil refinery and wildlife refuge in path of deluge (...)