Following two weeks of downtime for repairs, Vertex Energy has achieved initial production of renewable diesel.
The fire, which broke out at about 9:30 a.m., was extinguished and is currently under investigation.
Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young spoke with Hart Energy at CERAWeek by S&P Global on gas production and bid rounds, flared gas and Atlantic LNG.
The 250,000-bbl/d crude distillation unit at Exxon’s Beaumont complex will boost refining capacity for light crude oil from its upstream Permian Basin operations.
Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young spoke with Hart Energy at CERAWeek by S&P Global to discuss gas production and bid rounds, as well as capturing flared gas and the restructuring of Atlantic LNG.
"Iran is increasingly turning to buyers in East Asia to sell its petrochemical and petroleum products, in violation of U.S. sanctions," U.S. Treasury Under Secretary for Terrorism and Financial Intelligence Brian Nelson said.
Though ruled out for now given the Russia-Ukraine war, BASF still plans to pursue IPO plans for Wintershall Dea.
Russia has already supplied Turkey with approximately 450,000 tones of diesel since the beginning of the year.
According to Wintershall Dea, maintaining its Russian operations and business is "not tenable" given the political climate.
Russia expects Western sanctions to have a significant impact on its oil products exports and therefore its production, but that will likely leave more crude oil to sell, a senior Russian source with detailed knowledge of the outlook told Reuters.