Latest news and articles about oil refining from NEX English
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.