PETROLEUM UPDATES

HINTS

1. Revamping fuel pipeline network cuts cost of living

   Business Daily (press release) (blog)

   Many Kenyans may not know that petroleum is Kenya's third largest export. Not the crude oil coming from Turkana but processed petroleum products ...

2. Abu Dhabi's Baron Point Petroleum signs joint venture for $150m Vietnam terminal

   Gulf Business News

   The venture will finance, build and operate petroleum product pipelines and storage space through a Bonded Terminal System at Phu Quoc Island ...
   Abu Dhabi's Baron Point Petroleum Signs JV With Petrovietnam Oil Corporation In US$150m ... - Abu Dhabi City Guide

   Full Coverage

3. 40 percent of India's GDP outside GST: Chidambaram

   Deccan Chronicle

   "Petroleum products must be bought under GST. They have kept out petroleum, electricity, alcohol which are peculiar commodities and parts of real ...

4. Climate change lawsuits face uphill battle, but could have radical implications

   The San Diego Union-Tribune

   “The theory behind it is an interesting one: that essentially, petroleum products should be considered defective when used as directed because of the ...

5. Protesters at 2nd Sona not as friendly

   Inquirer.net

   He cited the planned increase in excise taxes of petroleum products, failure to end labor contractualization and massive land conversion. In Cebu City ...

6. Securing Nigeria's Territorial Waters

   THISDAY Newspapers

   This was said to involve pirates stealing cargoes of crude oil and petroleum products. Reports had it that, no fewer than 44 ship crew members were ...

7. RIL sees Reliance Retail, Jio as hyper growth platforms

   Economic Times

   Sale of petroleum products, apart from consumer electronics and connectivity, was a key part of its overall retail sales, which had shown “strong and ...

8. Haryana Congress seeks reforms in GST

   The Hindu

   ... Mr. Hooda sought simplification of the process to file tax returns, withdrawal of tax on clothing and to bring petroleum products within the ambit of the ...
   Hooda tears into GST on Khattar's turf - The Tribune

   Hooda attacks Union, state govt over GST - The Tribune

   Full Coverage

9. Violations of Food Safety Actmushroom in Krishna district

   Times of India

   Though the use of bee wax is permitted, vendors are using wax derived from petroleum products which will lead to intestinal disorders, he said.

10. Steel plant remediation nears 80-percent mark

    Evening Observer

    ... with contaminates from chromium, polychlorinated biphenyls, trichloroethene, PCB aroclor 1260, arsenic, cyanides, lead and petroleum products.

PETROLEUM PRODUCTS UPDATES

HINTS

1. NNPC produces five million litres of kerosene daily, meets 60% domestic consumption – Official

   Premium Times

   The statement stated that kerosene and other petroleum products supplied by the corporation were of high quality and met safety standards.
   Kerosene: Statistics fault NNPC's 5m litres daily production claim - Nigeria Today

   Full Coverage

2. DPR warns IPMAN against sale of adulterated kerosene in Akwa Ibom

   Guardian (blog)

   He advised the people of the state to buy products from licensed petroleum stations only instead of patronising peddlers that are more likely to sell ...

3. Tank Farm Explosion Kills Ten In Cross River

   CHANNELS TELEVISION

   The Calabar Export Processing Zone comprises of several tank farms which serve petroleum products to several states in the country. Witnesses and ...

4. A Month Into Daily Changes In Petrol, Diesel Rates, What Consumers Are Paying Now

   NDTV

   Petrol and diesel are deregulated in India, which means they are linked to market rates. Petroleum products such as petrol, diesel and aviation turbine ...

5. Diezani, Aluko And The Oil Swap Deals

   Leadership Newspapers

   ... then as a result of the inadequacies of local supply of petroleum products. ... Then, most saw it as a personal fight between him and the Petroleum ...
   How Alison-Madueke, Aluko, Omokore swindled Nigeria of $1.6b - P.M. News

   Diezani warned Aluko about buying $80m Galactica Star - The Eagle Online

   Alleged Corruption: I'm ready to go to jail – Ex-Minister Diezani Alison-Madueke - Information Nigeria

   Full Coverage

6. BPC wants army to build 250km oil pipeline from Dhaka to Chittagong

   Dhaka Tribune

   BPC now is carrying petroleum products inside the country through tank-lorries owned by the private sector and the state-run Bangladesh Railways.

7. Phoenix Petroleum rolls back fuel prices

   GMA News

   After two consecutive weeks of oil price increases, motorists will be greeted by cheaper prices of petroleum products this week. In an advisory ...

8. MyPetrolPump seeks ministry approval to resume doorstep delivery of fuel

   Hindu Business Line

   PESO has the responsibility to ensure the safety of the public and property from petroleum products, believes hat the vehicles used by the firm are not ...

9. How I became a billionaire from selling sand — President, Azikel Group

   NIGERIAN TRIBUNE (press release) (blog)

   ... sector towards ensuring sufficiency of refined petroleum products, 22 successful companies was granted refinery licenses, Azikel Petroleum Limited ...

10. Boston startup dives into marijuana industry with high-tech sensor to weed out impurities

    The Boston Globe

    ... industrial accidents, and by researchers in the pharmaceutical and energy industries to profile the composition of drugs and petroleum products.

Petroleum Products Updates

Hints

1. NNPC, PPMC earn N933bn from petroleum products sales

   Vanguard

   NIGERIAN National Petroleum Corporation, NNPC, and its subsidiary, the Pipeline and Products Marketing Company, PPMC, earned N933.289 ...

2. Oil Minister asks states to help bring petroleum products under GST

   ETAuto.com

   INDORE: Oil Minister Dharmendra Pradhan has nudged the states to agree on bringing all petroleum productsunder the Goods and Services Tax ...

3. Indonesia, Malaysia eye trade expansion beyond palm oil, petroleum

   Jakarta Post

   Indonesia and Malaysia expect to see an increasing volume of goods other than palm oil and petroleum products flowing between the two nations in ...

4. IGL chief bats for inclusion of natural gas products in GST

   Daily News & Analysis

   However, he said, it was Reliance Industries Limited's mega refinery Jamnagar and other petroleum productcompanies in Gujarat, which shell out ...

5. Buckeye Partners to acquire 50% of VTTI, a Vitol Group company

   PR Newswire (press release)

   It is one of the largest independent liquid petroleum products pipeline operators in the United States in terms of volumes delivered, with approximately ...
   Buckeye Partners (BPL) Enters Agreement to Acquire 50% Stake in VTTI BV for $1.15B - StreetInsider.com

   Buckeye Partners buys half of marine terminal company for $1.15 billion - Reuters

   Full Coverage

6. How $15b Nigeria-India deal will tackle forex crisis

   Guardian

   ... the coming on board of Dangote refineries has the potential to end the supply/demand gap for petroleum products in the country,” the analysts said.
   $15bn Upfront Payment: Hope Rises For Nigeria's Ailing Foreign Reserves - Leadership Newspapers

   Full Coverage

7. Magellan Midstream Broadly Tracked Sector Returns in 2016

   Market Realist

   MMP owns one of the longest refined petroleum products pipeline systems in the United States, with access to nearly 50% of the country's refining ...
   How Most Analysts See Magellan ahead of Its 3Q16 Results - Market Realist

   Full Coverage

8. Transportation Safety Board launches investigation into tug running aground near Bella Bella

   News Talk 770 Calgary

   There will also be new route restrictions in place for all vessels transporting petroleum products through all compulsory areas; the new regulations will ...

9. 'If you invest in Vidisha, you'll get triple benefit'

   Times of India

   Seeking Chouhan's help, he said: "In the last 3-4 years, there is a healthy growth of petroleum products in MP. I request the CM to agree to this.

10. From NELP TO HELP: Can a new policy transform the oil and gas exploration and production ...

    Financial Express

    India is the 3rd largest consumer of crude oil and petroleum products with oil and gas contributing 34.4% to primary energy consumption.

Petroleum Products

1. Propane Leads Increase in US Petroleum Products Exports

   Industrialinfo.com (subscription)

   SUGAR LAND--October 5, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--According to the U.S. Energy Information ...

2. Latest jobs in Nigeria: Shell Petroleum Development Company Recruitment

   FINANCIAL WATCH (press release) (blog)

   Shell's focus is on innovation and technology has made us a leading manufacturer, distributor and marketer of refined petroleum products and has us ...

3. Apicorp arranges $100m funding for Egyptian General Petroleum

   Times of Oman

   Apicorp arranges $100m funding for Egyptian General Petroleum ... and for ensuring the supply of various refined petroleum products within Egypt.

4. Ghana starts fuel exports to West African countries

   Graphic Online

   The state-owned Bulk Oil Storage and Transportation Company (BOST) Limited is also supplying petroleum products from the depot to Benin and ...
   GHANA'S ENERGY SECURITY GUARANTEED— MINISTER - Ghana

   Full Coverage

5. Magellan Midstream to Announce Third-Quarter 2016 Financial Results on Nov. 2

   PR Newswire (press release)

   The partnership owns the longest refined petroleum products pipeline system in the country, with access to nearly 50% of the nation's refining capacity ...

6. Hurricane Matthew Threatens Petroleum Terminals in Bahamas

   Rigzone

   The two terminals “are significant for storage and are used for blending and transshipment of crude andpetroleum products,” Andy Lipow, president of ...
   Hurricane threatens Bahamas oil storage terminals - Seeking Alpha

   Full Coverage

7. APICORP arranges $100 million financing facility for Egyptian General Petroleum Corporation

   CPI Financial

   ... and for ensuring the supply of various refined petroleum products within Egypt, subject to the direct oversight of the Egyptian Ministry of Petroleum.

8. NV Earth Releases Revolutionary Replacements for Petroleum-Based OPE Lubricants

   Benzinga

   Dynamic Green Products launches its NV Earth line of bio-based outdoor power equipment (OPE) lubricants that can replace conventional petroleum ...

9. MGX Minerals Files NI 43-101 Technical Report for Sturgeon Lake Lithium Property

   Investing News Network (press release) (registration) (blog)

   That is, in the early history of this oilfield (mid-1950's), most wells started out pumping hundreds to thousands of barrels of petroleum products per day, ...

10. Uganda: Refinery Presents Headache to Govt

    AllAfrica.com

    The completion of the refinery is crucial to saving the country billions of shillings spent annually on importation of petroleum products. Uganda ...