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Oil Market
2010
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Pagna Successiva (2)

December

12/23/2010 | Oil Market |

Cremona refinery, Tamoil is not changing its mind

Tamoil is not changing its mind about transforming the Cremona refinery into a storage facility. The unions are asking that the company at least reconsider the April 2011 closing date, and economic development minister Paolo Romani has repeated his request that the company come up with a business pl ...


12/09/2010 | Oil Market |

Cremona closure, minister asks for postponement

The business plan of Tamoil, whose chiefs have announced the closure of the Cremona refinery and its transformation into a storage facility – a refinery which currently gives work to 300 employees directly and about 400 indirectly – was discussed last Monday at the Economic Development Ministry in t ...


12/09/2010 | Oil Market |

Lukoil ready to take the remaining 51% of Isab Priolo

Lukoil's budget for 2011 provides for the possible exercise by Erg of the put option on 51% of the Isab Priolo refinery, possible until Dec. 1, 2014, for a minimum of a billion euros. The news came out in a conference call on the quarterly and nine month results of the Russian company, which holds t ...


12/09/2010 | Oil Market |

Erg refinery, maintenance at Isab Sud in January

The Isab refinery in Priolo Gargallo (Erg 51%, Lukoil 49%) is scheduled to be shuttered for the maintenance of Isab Sud (238,000 barrels a day) beginning at the end of January for about 40 days, Platts reports, citing a local source. The Isab refinery is one of the main ones in the Mediterranean reg ...


12/02/2010 | Oil Market |

Cremona refinery/1, eight hours strike

The workers at the Cremona refinery and Trecate storage facility staged an eight-hour strike against Tamoil's decision to transform the refinery into a storage plant (see SN n. 45 2010). They carried their protest to the Tamoil offices in Milan and to the headquarters of the region of Lombardy, where they were to meet regional president Formigoni. The labor unions say Tamoil' ...


12/02/2010 | Oil Market |

Cremona refinery/2, Ministry board to meet on Dec. 6

“The Economic Development Ministry is calling for a discussion board to meet on Dec. 6 with the representatives of the company, the social parties and local institutions for the purpose of finding and activating instruments appropriate for a solution to the problem which gives guarantees on employme ...


12/02/2010 | Oil Market |

Fuels, new specifications for gasoline and diesel

By Dec. 31, the government must implement directive 2009/30/CE which introduces new specifications for gasoline and diesel (see SN n. 20 2010). For “green” gasoline, the maximum oxygen content increases from 2.7 to 3.7% m/m, and ethanol content increases from 5 to 10% v/v; diesel is to see a lowering of Ipa from 11 to 8% m/m. If the directive is implemented in time, (but Staff ...


12/02/2010 | Oil Market |

UP, refinery processing +2.9% to 67.7mn

In the first nine months of 2010, Italian refineries processed 67.7mn t, an increase of 2.9% over the same period of 2009. The report comes from the latest edition of “Notizie Statistiche petrolifere” of the Unione Petrolifera. The increase is in line with what was registered in the first eight mont ...


12/02/2010 | Oil Market |

Antitrust approval for Auchan/Kupit brand

With its ruling n. 21801, published in bulletin n. 44 of 29 November, the Antitrust Authority gave its approval to Auchan to take over management of the service station owned by the city of Padua in Venice. Currently bearing the Q8 brand, the station will become an Auchan/Kupit sales point, with the ...


November

11/25/2010 | Oil Market |

Trecate, heading back to normal

After the Aug. 31 and Sept. 11 accidents (see SN n. 37 2010) and the resulting shutdown of the refinery, the situation at Sarpom's plant in Trecate is slowly getting back to normal. Sarpom reports that the APS3 unit involved in the Sept.11 fire is now again operative and the whole refinery can safely resume activity. The impounding of the facility, which ended on Oct. 23, had ...


11/25/2010 | Oil Market |

Cremona refinery, city council asks for national crisis board

A national crisis board to be created by the government: that is what the Cremona city council wants in response to Tamoil's decision to transform its refinery there into a storage facility (see SN n. 44 2010). Cremona mayor Oreste Perri explains that “the decision of the company is to be firmly rejected” and for that reason a national board should be set up by the council of ...


11/25/2010 | Oil Market |

New lubricants with Eni's brand

Last Saturday, on the occasion of the Rally in Monza, Eni presented its first line of Eni lubricants, i-Sint. These lubricating oils are designed to meet the needs of new vehicles as well as old ones. New eco-friendly additives decrease pollution thanks to their low sulfur, phosphorus, and sulfate a ...


11/18/2010 | Oil Market |

Tamoil refinery, dismantling begins in June

The news is official: the Cremona refinery will be closed and transformed into a storage facility by the end of 2011. Tamoil made the announcement last week at the end of a meeting in Milan with the labor unions (see SN n. 36 2010). Dismantling will begin in June, and the number of employees will be decimated, from 300 to 30. Tamoil said that it will hold onto ownership of th ...


11/18/2010 | Oil Market |

Viscolube, Economic Development Ministry registers concern

Despite the reassurance offered by the chairman Carriero, the fear that Viscolube, the most important Italian and European company for used-lubricants regeneration, may fall under the control of the Spring Water investment fund, headed in Italy by Manilo Marocco (see SN n. 40 2010), has not decreased. In fact, concern was increased at the Nov. 9 meeting of the board of the C ...


11/04/2010 | Oil Market |

Draft for European oil bourse by Energy Authority

In a joint press conference with the Energy Authority, the Economic Development Ministry presented the “European Energy Bourse”. The bourse is intended to reduce volatility in oil prices and the unregulated proliferation of “paper barrels”. Proposed by the authority, the bourse is based on a study o ...



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