Paris, July 15 news, No. 3 largest oil company in Europe, Europe's largest oil refining company Total of France said today that, due to weak demand for gasoline and diesel, European refineries Q2 refining margin of the same period last year dropped by 69%.
Total of France today in their company's Web site said that the European quarter of section 2 a barrel of crude oil into fuels refining profits from the same period last year dropped to 40.20 U.S. dollars per ton of 12.40 U.S. dollars or 1.69 U.S. dollars a barrel.
According to the Paris-based company said total, Europe Q2 refining margin than a quarter of this year, a decrease of 22.3 U.S. dollars per ton.
Since the 2nd World War has been the worst global economic downturn to force consumers to reduce travel and expenses, the demand for petroleum products also greatly reduced, leading to the refinery to further reduce the refining margin, oil refineries have reduce the operating rate and the temporary closure.
Total of France plans to cut its oil refinery in France, the largest number of employees and a reduction in production of petroleum products.
Jul. 16, 2009
Russian crude oil exports to China will be 1.8 billion U.S. dollars a year income
Minister of Energy Government of the Russian Federation Sergey chashma July 3 Zitko said here today that Russia will be an estimated annual oil exports to China gained 57 billion rubles (1.8 billion U.S. dollars) of income.
Russia and China in October 2008 aimed at reaching a construction in East Siberia - Pacific Ocean (ESPO) oil pipeline branch to China pipeline agreement.
From the Russian Far East Skovorodino been extended to the Northeast China's Heilongjiang Province of China branch of the Mohe pipeline will be Russia's Siberian oil fields from the original oil to the northern region of China.
Zitko chashma that will be completed later in 2010 the Chinese branch of the pipeline construction cost is estimated at from 11 to 12 billion rubles (from 324,000,000 to 352,000,000 U.S. dollars).
Chashma Zitko said that Russia has to grasp the timely completion of the operations branch pipelines.
Jul. 12, 2009
Russia and China in October 2008 aimed at reaching a construction in East Siberia - Pacific Ocean (ESPO) oil pipeline branch to China pipeline agreement.
From the Russian Far East Skovorodino been extended to the Northeast China's Heilongjiang Province of China branch of the Mohe pipeline will be Russia's Siberian oil fields from the original oil to the northern region of China.
Zitko chashma that will be completed later in 2010 the Chinese branch of the pipeline construction cost is estimated at from 11 to 12 billion rubles (from 324,000,000 to 352,000,000 U.S. dollars).
Chashma Zitko said that Russia has to grasp the timely completion of the operations branch pipelines.
Jul. 12, 2009
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