PRL commissions study for upgrade of Karachi refinery

Pakistan Refinery Ltd. (PRL) has let a contract to Amec Foster Wheeler (AFW) to conduct a detailed feasibility study for the upgrade and expansion of its 47,110-b/d hydroskimming refinery along the coastal belt of Karachi, Pakistan. Source: News


Aramco, Shell to divide Motiva JV’s refining assets

Saudi Aramco and Royal Dutch Shell PLC have entered a preliminary agreement to separate assets of Motiva Enterprises LLC, the Houston-based refining and marketing joint venture equally owned and operated by the companies since 2002 (OGJ Online, Feb. 13, 2002). Source: News


UK budget eases oil and gas taxation

The UK government proposes to ease taxation of the oil and gas industry in its 2016 budget disclosed on Mar. 16. Source: News