Marathon CEO: Complexity, Efficiency Can Keep Refineries Afloat; Decreased Production Driving Up Prices at the Pump

Global Refining & Fuels Report: Top Stories	February 25, 2009
Theresa Ward, Managing Editor, Newsletter Group	E-mail

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Volume 13, Issue 4

Top Stories
China Mulls Refining Sector Stimulus Plan
BP CEO: Carbon Pricing Needed to Eliminate Uncertainty
U.S. EIA Raises Price Projections for the First Time in Five Months
Audit Report Slams Environment Canada for Not Fully Enforcing Emissions Policies
Marathon CEO: Complexity, Efficiency Can Keep Refineries Afloat; Decreased Production Driving Up Prices at the Pump
Petrobras Details $47.8 Billion Downstream Investment Plan
Shell, BP CEOs Encourage Continued Spending on Projects
White House Creates Auto Task Force; Chrysler Asks for $2 Billion More in Bailout Loans
EU to Impose Trade Duties on U.S. Biofuels
Clean Energy Project Aimed to Rebuild Economy on Green Principles
ICE Engines Will Continue to Dominate in 2020, Report Says
White House Mulls Setting National Standard to Regulate Vehicle GHGs
Canada, U.S. Establish ‘Clean Energy Dialogue;’ Analyst Discusses Likelihood of Oil Sands Acceptance
GM’s Total Bailout Loan Request Could Top $30 Billion
Light-Duty Diesels Better Than Gasoline, Worse Than Hybrids on CO2: EIA
Hart Conference in March Explores Changing Market Dynamics
The Year in Prices: 2008
Market Snapshot
Brent
Gasoil
News from Americas
Petrobras-PDVSA Refinery Conflict Renewed
Citgo Announces ‘Minimal’ Restructuring Plan
Colonial Pipeline Postpones Expansion
Nicaraguan Refinery Set to Open
Report: Feasibility Study for Panama Refinery Extended
Enap Posts Recorded $958 Million in Losses in 2008
Ecopetrol’s Q4 Earnings Increase 48.2%
ExxonMobil, Chevron, GM Among Companies on Climate Watch List
BP to Pay $180 Million for Alleged Texas City Violations
Chevron Agrees to Pay $28 Million for Refinery Utility Taxes
Report: Petrobras, GE Interested in Colombian Refinery Project
Tesoro Earns $97 Million in Q4
News from Middle East / Asia
Technip Awarded Contract for Iraqi Refinery
Indonesian President Urging New Refinery Construction
Caltex Earns A$34 Million in 2008
CNOOC Refinery to Start Up in March
Iran Holding 26% Stake in Construction of Syrian Refinery
Vietnam Commissions First Refinery
News from Europe / Africa
Lukoil Completes Purchase of Stake in Italian Refinery
Total Q4 Downstream Earnings Climb 41%
Eni Loses €874 Million in Q4
Galp Energia Awards Contract to Fluor for Porto Refinery Project
Italy’s Saras Loses €248.3 Million in Q4
PKN Orlen Completing Purchase of Remaining Stake in Lithuania Refinery
Saab Files for Bankruptcy after GM Announces Split
Axens Awarded Contract to Upgrade Ukrainian Refinery
Market Report
NYMEX Crude Climbs 3.7% Tuesday

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