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No trading account needed for 2nd ETF underwriting

30 August 2020 - 18:07
No trading account is required for underwriting to buy the shares of four major refineries that are going to be offered through Iran’s second exchange-traded fund (ETF), ISNA reported on Sunday.

Offering of Iranian refineries’ shares through 2nd ETF begins

26 August 2020 - 20:56
The underwriting process for the shares of four major refineries that are going to be offered through Iran’s second exchange-traded fund (ETF) started on Wednesday and will continue until September 9, IRNA reported.

ICOFC to set up pressure boosting stations for central fields

29 July 2020 - 02:29
Iranian Central Oil Fields Company (ICOFC) is going to implement a $600-million project for setting up pressure boosting stations to ensure sustained gas supply to refineries in the country’s central regions.

SP 6th refinery feedstock to increase 42% by Mar. 2021

1 June 2020 - 01:27
The feedstock supplied to the sixth refinery of the South Pars gas field will be increased by 42 percent by the next Iranian calendar year (begins on March 21, 2021), IRNA reported.

PBF takes wary approach to fuel rebound

15 May 2020 - 19:10
Emerging US fuel demand will not quickly restore crude consumption, US independent refiner PBF Energy warned today.

Refiners still eye M&A while gathering liquidity

7 May 2020 - 13:37
A sudden rush for cash across the US independent refining sector has not stopped interest in mergers and acquisitions, executives said during earnings calls this week.

Repsol running Peru refinery at 30pc capacity

6 May 2020 - 11:05
Spain's Repsol is operating its 117,000 b/d La Pampilla refinery in Peru at one-third capacity in response to a collapse in fuel demand.

Shares of 4 refineries to be offered at TSE in late June

3 May 2020 - 16:15
Government spokesperson Ali Rabiei says the shares of Iran’s four refineries, namely Isfahan, Tabriz, Bandar-Abbas and Tehran, are due to be offered at Tehran Stock Exchange (TSE) on June 21, IRNA reported.

US heating oil falls below VGO as refiners cut output

29 April 2020 - 16:30
US Gulf coast heating oil prices have sunk to deep discounts to an intermediate grade for which it can potentially substitute. But prices are not rebalancing based on interchangeability, because refiners are focused on cutting gasoline production.

PetroChina, Sinopec slump to big 1Q losses

29 April 2020 - 16:19
China's two largest oil companies state-controlled PetroChina and Sinopec slumped to big losses in the first quarter as the impact of the Covid-19 outbreak hit their domestic refining operations.
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