IEA Head Says Oil Prices Need to Keep Falling

Global Refining & Fuels Report: News from Europe / Africa	October 25, 2006
Theresa Ward, Managing Editor, Newsletter Group	E-mail

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Volume 10, Issue 22

Top Stories
CSB Issues Recommendations Regarding July 2005 Fire at BP Refinery
IEA Lowers Global Demand Projections
Biomass Best Option to Meet Future Fuel Needs, BP Official Says
Market Snapshot
Brent
Gasoil
News from Americas
Shell Aims to Buy Out Shell Canada
Harvest Energy Completes Purchase of Newfoundland Refinery
Kinder Morgan to Spend $388 Million on Calnev Pipeline Expansion
Petrobras to Invest $200 Million in Colombia Next Year
Pemex Refinery Upgrades to Bring Mexico Cleaner Air
Sunoco Refinery Expansion Gets Air Pollution Control Permit
Honda Introducing Flex-Fuel Vehicles in Brazil
Toyota Begins Production of Camry Hybrid, Mitsubishi Developing Electric Car
New South African Refinery Possible
BP Building a New Steam Power Unit at Texas City Refinery
Two Companies Buy Bidding Rules for Ecuador Refinery Project
News from Middle East / Asia
Reliance Petroleum Secures Loan for Jamnagar Refinery
Indian Oil Applies for $6 Billion Refinery in Turkey
Kuwait Decides it Won’t Sell Rotterdam Refinery
Sinopec Starts-up Hainan Refinery After Several Delays
IOC to Spend $1.1 Billion for Panipat Refinery Expansion
News from Europe / Africa
Total Increases Stake in Cepsa
Report: Indian Oil to Invest $3.5 Billion in Nigeria
TNK-BP Subsidiary Could Build 360,000 b/d Refinery
IEA Head Says Oil Prices Need to Keep Falling
Cameroon to Upgrade Refinery
Zambia’s Only Oil Refinery to Get $65 Million Investment
Reliance, Engineers India Bid on Libyan Refinery Project
Linde Head Predicts Europe Will Have 6 Million Hydrogen Vehicles by 2020
Market Report
NYMEX Crude Up Tuesday, Gasoline Makes Big Jump

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