Page 12 - AsianOil Week 37 2021

AsianOil NEWS IN BRIEF AsianOil

SOUTH ASIA SOUTHEAST ASIA Phuc Energy (“VPE”), commencing with 5
MW pilot project.
Oil India reports minor Coro provides interim this announcement is deemed to constitute
Certain information communicated within
incident at Barauni refinery update inside information as stipulated under the
Market Abuse Regulations (EU) No. 596/2014.
At around 10:30 am today, an incident of a Coro Energy plc, the South East Asian Upon the publication of this announcement,
furnace blow-up took place at IndianOil’s energy company focused on leading the this inside information is now considered to
Barauni Refinery (at Begusarai district in regional transition to a low carbon economy, be in the public domain.
Bihar). This incident happened during announces its unaudited interim results for CORO ENERGY, September 9, 2021
the lighting up of the burner in one of the the six month period ended 30 June 2021.
furnaces of the AVU-1 unit, causing minor Acquired Global Energy Partnership Ltd, Pertamina ready to pursue
injuries to people working in the vicinity. an originator and developer of renewable
There has been no fire or any death, and the energy projects in South East Asia with a $100bn market value target
injured are entirely out of danger. portfolio of early stage, utility scale projects
The planned shutdown of the Barauni and an initial focus on the Philippines. After completing the restructuring process
refinery has been on since 20th August Operating infrastructure established in the through the signing of a number of legal
2021. The cause of the incident is now Philippines; planning and permitting activities end-state documents in early September,
under technical investigation. The refinery for priority 100 MW solar and 100 MW PT Pertamina (Persero) confirmed its
operations of the other units remain onshore wind projects underway. determination to pursue shareholder
unaffected. The Refinery authorities have Continued progress toward aspirations to achieve a market value
assured that everyone inside and outside commercialising the Mako gas field (Duyung of US$100 billion and a Global Energy
the refinery premises is entirely safe. Senior PSC, Coro 15% interest), with the operator Champion by 2024 .
officials from District Management, including focused on key commercial workstreams This determination is reflected in the
the SDM and DSP, visited the spot and including preparation of an updated Plan inauguration of the 6 Subholdings held by
described the situation entirely under control. of Development and continuing Gas Sales Pertamina with the theme “Moving Forward
As soon as the incident was reported, the Agreement negotiations. Becoming Global Energy Champion” which
Refinery’s Emergency Disaster Response Appointed Mark Hood, an experienced will take place on September 10, 2021 in
Management System was activated, ensuring clean energy executive and co-founder of Jakarta. The inauguration was carried out
prompt action. The 19 injured persons were GEPL, as Coro’s Chief Executive Officer. directly by SOE Minister Erick Thohir,
immediately provided first aid and then Announced execution of binding, accompanied by Deputy Minister 1 SOE
admitted to the Refinery Hospital and nearby conditional Sale and Purchase Agreement Pahala Nugraha Mansury, Pertamina
Glocal Hospital for timely medical treatment. with Dubai Energy Partners Inc to dispose President Commissioner, Basuki Tjahaja
Of the 19 injured, 11 have already been of the Group’s Italian portfolio for cash Purnama and Pertamina President Director
discharged after first aid, and the condition of consideration of €0.3 million. Nicke Widyawati.
the remaining are stable. Among those injured Raised net proceeds of approximately SOE Minister Erick Thohir said that for
were 5 refinery employees and 14 contract $5.5m through a placing and open offer the past eight months, the Ministry of SOEs
workers. to fund the Group’s low carbon energy has continued to transform SOEs which are
IndianOil is fully committed to the safety investments. included in the 88 strategic SOE projects until
of its employees, contract workers and people Announced a new partnership in Vietnam 2023 which have been submitted to President
living in and around the refinery. to develop a 150 MW pipeline of rooftop solar Joko Widodo.
OIL INDIA, September 16, 2021 projects together with a local partner, Vinh “Of the 88 projects that we have targeted,
thank God, 90 percent this year happened.
And of course many of these transformations
are in Pertamina,” said Erick.
PERTAMINA, September 10, 2021
Petronas, Eneos expand

energy partnership to

include hydrogen

Petronas, through its subsidiary Petronas
Gas & New Energy Sdn Bhd (PGNESB), has
signed a Memorandum of Understanding
(MoU) with Eneos Corporation to jointly
develop a competitive, clean hydrogen supply
chain between Malaysia and Japan, and to
explore other hydrogen opportunities.
The MoU will see both parties embark
on a technical-commercial joint-study of
a hydrogen supply chain which includes

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