Included in Friday’s sanctions is Hengli Petrochemical’s facility in the port city of Dalian, which has a processing capacity of roughly 400,000 barrels of crude oil per day, making it one of the biggest independent refineries in China.

Phillips 66 has completed the purchase of Lindsey Oil Refinery. Almost 200 workers were made redundant at the North Lincolnshire site after previous owner Prax Group went into administration in June 2025.

The fire at a major oil refinery in the Victorian city of Geelong has now reportedly been extinguished. But with thick smoke from the blaze lingering in the air on Thursday, many residents in Geelong and surrounding areas will understandably be worried.