The company, majority-owned by Austria's OMV, faced lower oil prices, reduced sales volumes, and declining refining and sales ...

OMV has been granted a permit by the Norwegian Offshore Directorate to drill an oil and gas exploration well in the North Sea. OMV (Norge) AS has been granted a permit by the Norwegian Offshore ...

OMV and Airbus will explore ... 2022 through its Schwechat refinery at home. The facility co-processes locally sourced raw materials such as used cooking oil. OMV supplies SAF to several airlines ...

Vikas Mehta January 4, 2025 10:25 PM IST In 1990, when India did not have adequate capacity to process crude oil, Dhirubhai Ambani envisioned establishing a petroleum refinery. He realised this ...

At the same time, China’s oil refining volumes declined by 1.6% last year as the shift to electric vehicles gained pace. Looming US tariffs also threaten to take away a key driver of expansion.

China has offered to invest USD 3.7 billion in Sri Lanka, stated to be the biggest-ever foreign investment in the island nation, to build a state-of-the-art oil refinery as the two countries ...

Follow our coverage of the war on the @Kyivpost_official. The SSO says the depot supplies fuel to Russian military groups involved in the war against Ukraine. The General Staff of Ukraine’s armed ...

Sinopec has agreed to invest $3.7 billion to construct a "state-of-the-art oil refinery" with a capacity of 200,000 barrels in the southern Hambantota region, according to the Sri Lanka president ...

The Organisation of the Petroleum Exporting Countries says the Dangote Petroleum Refinery and its efforts to ramp up Premium Motor Spirit (petrol) production are impacting the PMS market in Europe.

Simply sign up to the Oil myFT Digest -- delivered directly to your inbox. Amin Nasser, the head of Saudi Aramco, the world’s largest oil company, has always had one special customer: China.

The Saint John refinery is Canada's largest, processing 320,000 barrels of crude oil per day into gasoline and other fuel products. It's also New Brunswick's largest emitter of greenhouse gases ...

Flames have engulfed a major oil refinery following a reported explosion ... with the resulting flames taking five days to be extinguished. Images shared on social media channels following the ...