Marathon Petroleum Corp. (MPC) dedicated the bulk of its first-quarter 2023 capex to advancing its balanced approach of optimizing traditional crude oil refining operations while furthering projects ...

Refining converts mixed crude oil into specification fuels, petrochemical feedstocks, lubricants, and other products by physical separation, chemical conversion, and product treating/blending. It ...

The cost of refining crude oil varies depending on the complexity of the refining process and the quality of crude oil. High-quality crude oil requires less refining and produces more high-value ...

Historically speaking, optimizing the refinery has been mostly focused on final products (e.g., gasoline and diesel), slowly shifting focus to conversion and upgrading process units across the ...

Owned by Africa’s richest man Aliko Dangote, the $20bn refinery received its first crude shipment in December 2023. Last week it got a sixth cargo, allowing initial production of diesel and aviation ...