The sale to Britain's Prax Group is now uncertain due to pending lawsuits and the need for regulatory approvals.

A Chinese court on Friday declared bankrupt a third refinery owned by state oil and chemical group Sinochem, a court document showed.

Berlin has extended the trusteeship twice. Previously, Poland reassured Germany that it could step in and supply the Schwedt refinery with crude if Kazakh oil supplies were halted in possible ...

Indian refiners are jointly negotiating to purchase Russian oil for next year, with suppliers mostly using Russian insurance for crude priced above a $60 per barrel (bbl) cap.

Shell faces delays in selling stake in Germany's Schwedt refinery due to pending lawsuits, including one from Rosneft.

He added that the feasibility study for the construction of the 310km pipeline from the Danube Refinery would be completed by ...

Rosneft's legal challenge against the planned sale of its stake in a German refinery is likely to fail according to the ...

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The Nigerian Navy says its Unit under the auspices of Operation DELTA SANITY recorded significant successes against crude oil theft and destroyed Illegal refining sites in the Niger Delta.

The Moscow Oil Refinery of Gazprom Neft was forced to stop operation of its combined Euro+ oil processing unit following a recent Ukrainian drone attack, Reuters reports. According to the ...

In a government meeting on 27 August, Kazakhstan’s National Economy Minister Nurlan Baibazarov announced that the country plans to increase oil production to 104.8 million tonnes (mt ...