Refineries UPDATE

September 2012

TABLE OF CONTENTS

 INDUSTRY ANALYSIS

AMERICAS

U.S.

Phillips 66 Bringing Mississippi Lime Shale Crude to Its Oklahoma Refinery

Due to Drought Conditions U.S. Lawmakers Ask EPA to Lower Refineries Ethanol-Production Mandate

Chevron’s Richmond Refinery Fire Out and Markets Brace for Impact

Power Outage Begins Flaring Chain Reaction at Three Texas Refineries

BP Agrees to $2.5 Bln Sale of Carson Refinery to Tesoro

U.S. Appeals Court Vacates EPA Cross-State Pollution Rule

Chevron May Have to Replace Parts of Richmond Refinery Unit

Valero‘s Aruba Refinery to Become Terminal

U.S. Gulf Coast Refinery Status after Isaac

Status of Refineries Affected by Tropical Storm Isaac

CANADA

B.C. Businessman Proposes $13 Bln West Coast Refinery

BRAZIL

Venezuela Investment to Assure 2014 Brazil Abreu e Lima Refinery Launch

COLOMBIA

Ecopetrol Selects Axens’ Hydrocracking and Coker Naphtha Hydrotreating for Its Columbia Refinery

VENEZUELA

Major Fire and Explosion at Venezuela's Amuay Refinery

ASIA

CHINA

Rosneft and China’s CNPC Hold Negotiations to Boost Investments in $5 Bln Tianjin Refinery

SINGAPORE

Singapore Reduces Sulfur Content Limits for Diesel, Gasoline

EUROPE / AFRICA / MIDDLE EAST

EU

EU Crackdown on Marine Fuel Pollution for Ships, Refineries

GERMANY

Gunvor Group Starts Operations at Former Petroplus Ingolstadt Refinery

SOUTH AFRICA

South Africa’s Sapref and Natref Refineries to Prepare for Cleaner Fuels Upgrades

Review Set for South Africa’s Mthombo Refinery Project

NIGERIA

Nigerian Commissions Refinery in Southeastern Anambra State

RUSSIA

Russian Natural Resources Watchdog Suing Gazprom Refinery for Environmental Policy Violations

KUWAIT

Kuwait to Proceed with $14.5 Bln Al-Zour Refinery

Kuwait Awards Amec, Foster Wheeler for Refinery/ Clean Fuel Projects

OMAN

Nine Bidders on Shortlist for Oman Refinery Contract

WORLDWIDE

KBR, Shell Global Solutions Expand Hydroprocessing Tech Alliance