Page 19 - DMEA Week 03 2021

DMEA NEWS IN BRIEF DMEA

UAE, Japan to cooperate Kuwait to expand gas bpd previously.
KNPC sources said they expect all
on fuel ammonia, carbon facilities in Northern field remaining units at Mina Abdullah to be
commissioned by the end of the first quarter
recycling technologies OPEC oil producer Kuwait intends to in 2021..
allocate an additional $200mn for a
The United Arab Emirates and Japan today project to expand Jurassic gas facilities in
agreed to cooperate on Fuel Ammonia and its Northern region close to the border Kuwait may set up new
Carbon Recycling technologies during the with Iraq, a local newspaper reported on
UAE’s virtual business trip to Japan. January 18. petrochemical project
The agreement follows the signing of Kuwait, one of the world’s largest oil
a memorandum of cooperation between exporters, awarded a $377mn contract for Kuwait will issue a tender in April for
the Abu Dhabi National Oil Company the development of Jurassic gas at its ‘West the appointment of a consultant for a
(ADNOC) and the Ministry of Economy, Al-Rawdatain’ field nearly four years ago to feasibility study for a new petrochemical
Trade and Industry of Japan, highlighting the the Kuwaiti Septco International Petroleum project, a local newspaper said on January
ambition of the UAE and Japan to harness Company. 4.
new commercially feasible technologies to The state-owned Kuwait Oil Company The government-owned Petrochemical
reduce carbon emissions. (KOC), which manages the upstream sector, Industries Company (PIC) will issue the
Ammonia will play an important role in is planning to expand that contract for tender, which is one of 76 contracts the firm
enabling the hydrogen economy in the future further development of gas installations at intends to sign in 2021, the Arabic language
and can serve as a hydrogen carrier and zero- the field, the Arabic language daily Alanba daily Alanba said, citing PIC sources.
emission fuel. said. “PIC intends to issue a tender for the
During the trip, Dr. Sultan Ahmed Al It quoted “responsible” oil sources in appointment of a consultant to carry out
Jaber, Minister of Industry and Advanced Kuwait as saying the project is designed to feasibility for a new project in Kuwait,” the
Technology and ADNOC Group CEO, boost gas output to 100-120mn cubic feet paper said without providing further details.
and Kajiyama Hiroshi, Japan Minister of per day and 40,000 bpd of crude oil. It said the contracts planned in 2021
Economy, Trade and Industry (METI), It noted that KOC had awarded three include new projects, supply of services and
discussed new opportunities for strategic contracts in the “West Al-Rawdatain” equipment, and installation of systems and
cooperation between the UAE and Japan. Jurassic gas project, including one to Septco equipment at the company’s sites.
The discussion focused on industrial and two to Schlumberger of the US.. Another key tender to be issued is for
cooperation, climate change, Hydrogen and the appointment of a consultant to conduct
post-Covid economic recovery and took a feasibility study for a project to convert
place during the UAE’s virtual business trip Kuwait plans Mina al- plastic waste into petroleum products, it
to Japan which had in attendance Shehab added.
Ahmed Al Fahim, UAE Ambassador to Ahmadi refinery shutdown
Japan.
in March Saudi NEOM JV working
Govt mulls to exclude Kuwait’s state-owned refiner KNPC has with Lazard on $5bln
scheduled a turnaround at its 346,000
JPRC’s diesel, gasoline bpd Mina al-Ahmadi refinery starting in hydrogen project - sources
March.
from Jordanian bpd crude distillation unit (CDU) and A joint venture comprising Air Products,
he turnaround will shut down a 200,000
ACWA Power and NEOM has hired
specifications unspecified units at the Mina al-Ahmadi financial firm Lazard to advise it on a
refinery in mid-March and will likely last
planned $5bn hydrogen project in the
The government is considering excluding for 45 days. NEOM high-tech business zone in Saudi
diesel and gasoline produced by the Jordan Production of middle distillates will Arabia, sources said.
Petroleum Refinery Company (JPRC) likely be affected during the maintenance, Lazard, which advised Saudi oil giant
from Jordanian specifications, according to said traders. Aramco on its initial public offering in
Minister of Energy and Mineral Resources The turnaround comes as KNPC works 2019, has recently approached banks to
Hala Zawati. to complete its $16bn Clean Fuels Project sound out their appetite for the project, said
Answering an inquiry from an MP during (CFP), which involves integrating the Mina two sources familiar with the matter.
the Lower House oversight session, Zawati Abdullah refinery with the Mina al-Ahmadi Lazard, the world’s largest hydrogen
said that the company’s units are old and refinery, and raising their combined crude producer New York-listed Air Products,
cannot meet the Jordanian specifications for processing capacity to 800,000 bpd. Work Saudi energy developer ACWA Power and
diesel and gasoline before implementing its at Mina al-Ahmadi was completed in April NEOM did not immediately respond to
fourth expansion project. last year, reducing its refining capacity to requests for comment.
Jordan specified that diesel and gasoline 346,000 bpd from 440,000 bpd previously. The project, which will be equally owned
sulfur content to be 10 parts per million KNPC has recently commissioned a by the three partners, will produce green
(ppm), while the diesel produced by the 23,500 bpd naphtha treatment unit at its ammonia for export to global markets, the
JPRC contain 9,000-12,000 ppm, and Mina Abdullah refinery. The commissioning companies said in July last year.
gasoline 150-350 ppm, the Jordan News of the new 264,000 bpd CDU had helped
Agency, Petra, reported. raise Mina Abdullah’s capacity to its post-
CFP capacity of 454,000 bpd from 265,000

Week 03 21•January•2021 www. NEWSBASE .com P19