Western, Giant Agree to Lower Price of Merger

Global Refining & Fuels Report: News from Americas	November 22, 2006
Theresa Ward, Managing Editor, Newsletter Group	E-mail

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Volume 10, Issue 24

Top Stories
European Commission Endorses Parliament’s Euro-6 Emissions Scheme; NOx Far Higher than U.S. EPA Limits
Reliance Exec: Developing Nations Should Question Western Fuel Standards
IEA World Energy Outlook 2006: Greater Efficiency Crucial to Meet Demand, Avoid Huge CO2 Jump
Market Snapshot
Gasoil
Brent
News from Americas
Petrobras Earns $3.3 Billion in Third Quarter
PDVSA Offers $1.5 Billion for 49% Stake in Curaçao Refinery
Motiva Awarded Air Permit for Port Arthur Expansion
Suncor’s 2007 Spending to Include C$300 Million Downstream
Western, Giant Agree to Lower Price of Merger
KPC, Louisiana Sign Agreement to Explore New Refinery
Chevron Asks for Environmental Permit to Expand Gasoline Production
Alon USA’s Third Quarter Earnings Jump 140%
News from Middle East / Asia
KazMunaiGaz Buys 50% of Refinery from CNPC
Iran Signs Contract for Bandar Abbas Refinery Expansion
Saudi Arabia Plans New Refinery
Policies, Other Factors Made China Right for Sasol’s CTL Projects
Sweet Crude Shortage, More Emission Control Areas May Boost Value of Low Sulfur Bunker
Oman Refinery Project to be Finished by April
China’s Search for Russian Crude Hung Up on Geopolitics
They Said It: Quotes on Renewables, Air Quality, Vehicles and more at Hart’s World Refining & Fuels Conference in Beijing This Week
Indian Oil Begins Production of Euro-3 Gasoline
News from Europe / Africa
Tanzania Signs Refinery Agreement with Qatar Company
Shell May Sell its French Refineries
Italy’s Saras Earns $88.7 Million in Third Quarter
Total Earns Nearly $4 Billion in Third Quarter
Italy’s Eni Earns $3.1 Billion in Third Quarter
Market Report
Reduced Alaskan Production Sends Futures Prices Higher

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