High Crude Oil Prices Force Production and Subsidy Changes in Several Asian Countries

Global Refining & Fuels Report: News from Middle East / Asia	March 26, 2008
Theresa Ward, Managing Editor, Newsletter Group	E-mail

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Volume 12, Issue 7

Top Stories
U.S. Refiners, Terminals Fall Behind on Biofuels Infrastructure Demands
Shell: No Plans to Sell Martinez Refinery
IEA: Finding and Developing Costs Pressure Oil Price
O’Malley: $100/bbl Oil Here to Stay, Won’t Overpay for U.S. Refining Assets
U.S. Power Producers: PHEVs Will Take 10% of New-Car Sales by 2017
NPRA Chair: Refiners Can’t Cut CO2 Drastically; Biofuels Offer Slim Hopes
Shell and ConocoPhillips Honored as Refining & Energy Companies of the Year
Market Snapshot
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News from Americas
Valero Cuts Throughput, Considering Major Asset Sales
New ‘Low Carbon Fuel Standard’ Draft Could Set Worldwide Precedents
Prequalification Launched for Front-End Engineering for Peru Refinery
Valero Expects Gasoline Margins to be Down in Q1
Repsol Says Brazilian Fuel Prices Hurting Refineries
U.S. West Coast Refining Margins Squeezed: Tesoro
ConocoPhillips Exec: RFS, CAFE will Hurt Demand Growth
Newfoundland Refinery Likely to Cost More, Take Longer to Build
Brief: ConocoPhillips Says No More Acquisitions
BP Teams Up with Irving Oil for Possible New Refinery
U.S. EPA: U.S. Climate Change Bill Would Raise Gasoline Prices 50¢/gal in 2030
News from Middle East / Asia
Japanese Firm to Invest in Vietnam’s Second Refinery
It’s Hard for PetroChina to Avoid Ongoing Refining & Marketing Woes
China’s CO2 Emissions Increasing Rapidly
Sinopec Denies that it Will Post Losses in H1 2008
Hyundai to Begin Mass Producing Hybrids Next Year
Reliance Calls Plans for New Refinery ‘Nonsense’
Hyundai Heavy Industries Seeks to Stop Sale of IPIC’s Oilbank Stake
Indonesia, Iran and Malaysia to Build $6 billion Refinery
High Crude Oil Prices Force Production and Subsidy Changes in Several Asian Countries
IPIC Reduces Planned Capacity of New Refinery
Report: BPCL Plans New Refinery
Tupras to Invest $1.6 billion in Refinery Project
Gulf Petroleum Plans Malaysian Refinery
News from Europe / Africa
Neste Hit with €500,000 Fine for 2001 Oil Leak
UN Pushing Cleaner Fuel Standards Worldwide; Report Due 2010
Total to Add Unit to Belgian Refinery
Flooding Closes BP and Shell’s Refinery
Report: Lukoil Seeks Investment in Sicilian Refinery
Foster Wheeler Gets Coker Contract for Repsol Expansion
Shell Plans New Investments in Response to Higher Costs
LyondellBasell Exploring Refinery Option in Europe
Market Report
NYMEX Crude Moves Little for Third Straight Trading Day

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