Tag Archives | refinery

Syria Blames Oil Pipeline Explosion on Sabotage

There has been a major explosion in a Syrian pipeline carrying oil to a refinery near the restive city of Homs. This, as violence from the country’s nine-month uprising escalates. The Britain-based Syrian Observatory for Human Rights confirmed the report, but gave no cause for the blast. The state-run SANA news agency blamed “an armed […]

Oil majors profit from high price

27 October 2011 Last updated at 13:13 GMT Shell has benefited from higher gas and oil prices, as have its rivals Higher gas and oil prices have pushed up profits at ExxonMobil and Royal Dutch Shell during the three months to the end of September. Current cost of supply net income at Shell doubled to […]