Refineries UPDATE

August 2012 

TABLE OF CONTENTS

INDUSTRY ANALYSIS

AMERICAS

U.S.

Trainer Refinery Prepares for Delta Jet-Fuel Production

Greater Impact on U.S. Gasoline Market Being Caused by European Refinery Closures

BP to Pay Additional $13 Mln in Penalties for Texas City

Environmentalists and State Clash over Washington Refineries' Greenhouse Gases

Hess Has Up to $2 Bln in Asset Sales 'Well Under Way'

Sunoco, Carlyle Capitalize on Shale Boom to Reach Deal on Largest U.S. East Coast Refinery

VENEZUELA

Foster Wheeler Awarded Contract for Venezuela’s El Palito Refinery Expansion

ASIA

CHINA

Sinopec Plans $3 Bln Refinery to Meet Rising Fuel Demand

INDIA

Vedanta Resources to Pick Up Minority Equity Stake in Proposed Rajasthan Refinery

India Offers Support for $7.57 Bln Matanzas, Cuba Refinery Project

India’s HPCL on Course to Revive Barmer Refinery

India to Expand Numaligarh Refinery Capacity by 200 Percent for $3.6 Bln

Essar Expects Margins to Improve after Switching from Gas to Coal at Vadinar Refinery

MALAYSIA

CB&I Announces Petronas Technology Contract in Malaysia

PHILIPPINES

Shell Refinery, LNG Projects in the Philippines to Cost $1 Bln

THAILAND

Bangchak Petroleum Opts to Enhance Thailand Refinery Safety Level Instead of Expansion

EUROPE / AFRICA / MIDDLE EAST

EQUATORIAL GUINEA

Equatorial Guinea Seeks Ties with Chinese Firms to Improve Power Infrastructure and Increase Crude and Natural Gas Output

NIGERIA

Nigeria Announces $4.5 Bln Deal with Vulcan Petroleum to Build Six Oil Refineries

SOUTH AFRICA

Mossel Bay GTL Refinery Gets Go Ahead for New Gas Fields Project

PetroSA's Coega Refinery to Meet 200,000 bpd Shortfall by 2020

BELARUS

Venezuela Still Interested in Modernization of Belarus Refineries

KUWAIT / UNITED ARAB EMIRATES

Fluor Says Kuwait and UAE Set to Award Refinery, LNG Contracts

OMAN

Oman Oil, IPIC to Sign Duqm Greenfield Refinery Project

UNITED ARAB EMIRATES

Oil Refinery in Fujairah Planned by Ipic