Lukoil Posts a 44% Drop in Net Profit

Global Refining & Fuels Report: News from Europe / Africa	September 09, 2009
Theresa Ward, Managing Editor, Newsletter Group	E-mail

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Volume 13, Issue 17

Top Stories
The Carbon Challenge: Impact on Oil Producers
Electric Cars Only Way to Meet 2050 Carbon Dioxide Goals: CARB
NPRA: U.S. Refining Capacity Expanded During the Past Year
U.S. Refining Capacity Expected to Decline to 12 million b/d with Waxman-Markey Bill
Boosted Gasoline-HCCI Might Compete with Heavy-Duty Diesel: Sandia Expert
Valero, Waste Management, Terrabon Team-Up on Waste-to-Fuel Scheme
U.S. DOE Awards Funding for Alternative Fuel Infrastructure
Market Snapshot
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News from Americas
Valero to Close Portion of Delaware Refinery
Valero to Shut Aruba Refinery Indefinitely
Petrobras Abreu e Lima Refinery Costs Escalate to US$12 billion
Repsol YPF Begins Euro-4 ULSD Project in Argentina
Pemex Awards Contract for Gasoline Desulfurization Plants
PetroChina International Buys 60% Working Interest in Albertan Oil Sands Projects
Eight Airlines Ink FT Diesel Supply Deal for Los Angeles International
Growth Energy Calls for Labeling Oil with Country of Origin
News from Middle East / Asia
Kuwait-China Mega Complex Project Could Start in February
Chinese Refiners Increase Throughput in September
China Increases Fuel Prices
PetroChina Plans Major Increases to Refining Capacity
Sinopec Relocates Mega Project to Zhanjing City
Indonesian Resource Ministry Planning to Add Three Refineries
Brief: PetroChina Sees 1H Net Profit Fall 7%, Refining Segment Up Significantly
Sinopec Shanghai Petrochemical Earns US$146 Million in 1H2009
Bangkok –based Refiner Shutting Down Fuel Operations but Maintaining Petrochemical Feeds Production
Delek Group Q2 Net Income Increases Threefold
News from Europe / Africa
Lukoil Acquires Total’s Stake in Netherlands Refinery
Lukoil Posts a 44% Drop in Net Profit
Rosneft Q2 Drops 22%
Brief: Hungary’s MOL See Q2 Net Profit Increase 56%
Q2 Net Income Down Among Polish Refiners
CNPC and Chad Government Sign MOU
Bosch: New Vehicles in Europe Using Start-Stop Technology to Increase by 50% by 2012
Market Report
NYMEX Crude Back Above $70/bbl
U.S. Refining Margins Improved Last Week
S&P Revises Outlooks and Ratings of European Oil & Gas Cos.
Backlog Orders from 2008 Benefit Some Suppliers

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