News Briefs: Citgo Earned $1.1 Billion in First Half of 2007

Global Refining & Fuels Report: News from Americas	February 27, 2008
Theresa Ward, Managing Editor, Newsletter Group	E-mail

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Volume 12, Issue 5

Top Stories
Valero Still Exploring Options for Three Refineries
PetroSA Updates Refinery Plans
EU Environment Commissioner Calls for Environmental Proposals to be Adopted Swiftly
BP Expects $5 Billion in Downstream Spending This Year
OMV Hopes MOL Issues Will be Resolved at April Shareholder Meeting
World Refining & Fuels Conference – Biofuels Integration: The Next Refining Challenge
Market Snapshot
Brent
Gasoil
News from Americas
U.S. SEC Hits Company on Miraculous Engine Claims
Petrobras Aims to Reduce Emissions by 21.3 Million Tons of CO2
Permit Problems Delay Holly Projects
News Briefs: Citgo Earned $1.1 Billion in First Half of 2007
Harvest Considering Options for Refinery Expansion
Frontier to Expand El Dorado Refinery
News from Middle East / Asia
U.A.E. Refinery Going Forward
Report: PetroVietnam to Form JV for Second Refinery
Caltex Australia Refineries Set Throughput Records in 2007
Saudi Refinery to be Finished End 2012
Conoco Refinery Expansion Approved
News from Europe / Africa
Petroplus Forms Partnership to Pursue U.S. Acquisitions
Saab to Miss EU Climate Targets
Sonhoe to Use Chevron Lummus Technology for Upgrader Project
Gazprom Neft’s Oil Refining Volumes up 7.3%
MOL’s 2007 Earnings Top $1 Billion
Italy’s Saras Earns €322.7 Million in 2007
Repsol Completes Sale of 15% of YPF to Argentina’s Grupo Petersen
Report: Sinopec May Help Modernize Dormant Bulgarian Refinery
Technip, Fluor Get Contracts for European Refineries
Market Report
Prices Retreat as Inventories Continue to Build

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