Croatia’s INA Starts Up New Delayed Coker Unit at Rijeka Refinery, Roughly €700 Million Invested

INA, the Croatian subsidiary of Hungary’s MOL Group, announced on September 21, 2026 that it has begun feedstock introduction and successfully started up a newly built delayed coker unit (DCU) at its Rijeka refinery. The project, into which roughly €700 million was invested, is reportedly operating stably at around 70% of its design capacity. The […]

Ludoil Capital Completes Acquisition of Italy’s ISAB Refinery, Plans €1.3 Billion Investment Over Five Years

Italian energy company Ludoil Capital announced on September 23, 2026 that it has completed the process of acquiring a 51% stake in the ISAB refinery in Sicily from GOI Energy. The acquisition was finalized after passing Italy’s Golden Power review, and the company reportedly plans to invest roughly €1.3 billion over the next five years. […]

Nigeria’s Dangote Refinery Launches Africa’s Largest-Ever IPO to Fund Expansion

Dangote Petroleum Refinery and Petrochemicals announced it has launched an initial public offering (IPO) for listing on the Nigerian Exchange (NGX). Proceeds are reported to be used to double the refinery’s current capacity of 700,000 barrels per day to 1.4 million barrels per day by 2029. The offering is described as Africa’s largest-ever IPO, according […]

Huajin-Aramco Panjin Complex Completes Ignition of All Five Power Station Boilers

The power station serving the Huajin-Aramco (华锦阿美) refining and petrochemical complex in Panjin, Liaoning Province, China, is reported to have successfully ignited all five of its boilers and achieved steam production. With the successful ignition of the fifth boiler, the water, electricity, and steam supply system for the entire complex has reportedly been completed, paving […]

PetroChina Advances 68.5 Billion Yuan Integrated Refinery-Petrochemical Complex in Dalian Changxingdao

China’s state-owned PetroChina is advancing a new integrated refinery-petrochemical complex on Changxingdao Island in Dalian, Liaoning Province, with a total investment of approximately 68.5 billion yuan (about $9.56 billion), it is reported. The project is also intended to gradually replace an existing aging refinery within the city of Dalian. The project centers on a new […]