Latest news and articles about تكرير النفط from NEX English
India is facing significant challenges in its oil refining sector due to the ongoing conflict in Iran, leading to historical shocks in oil prices. The Indian government is making efforts to protect consumers, but this is negatively affecting the profit margins of refining companies.
Hengli Petrochemical, one of China's largest independent oil refiners, has denied any commercial dealings with Iran following US sanctions. The company confirmed that all its oil suppliers do not engage with Iran.
An Iranian oil ministry official announced that the country plans to restore most of its oil refining capacity within a two-month timeframe. This announcement comes amid economic challenges faced by Iran due to international sanctions.
Thai Energy Minister, <strong>Akanat Promphan</strong>, announced plans to set oil refining margins at <strong>3-4 baht</strong> per liter to curb rising fuel costs without relying on government subsidies. This decision comes amid price fluctuations caused by geopolitical conditions in the Middle East.
Israeli military radio reported substantial damage to the "Bazan" oil refinery, including destruction of gasoline tanks, raising concerns over potential economic repercussions. This incident occurs amid escalating tensions in the region, prompting questions about its impact on Israel's energy supplies.