Page 10 - DMEA Week 01 2023

DMEA TERMINALS & TRANSPORT DMEA

ADNOC L&S is working to overhaul its LNG GAS Entec business, which has become a world
fleet, with Al Masabi noting that repurposing leader in LNG technology. The ADNOC L&S
older vessels to extend their life generates “incre- FSU, plus the regasification unit, is a powerful
mental value and new revenue streams” for the combination for bringing gas to new markets.”
company. The integrated unit at which the FSU will
Meanwhile, AG&P CEO Joseph Sigelman be moored alongside an LNG regasification
said that “AG&P is thrilled to work closely with unit that was manufactured by GAS Entec. The
ADNOC L&S to continue to bring energy to regasification unit will have an initial capacity of
important markets. We are also proud of AG&P’s 5mn tonnes per year (tpy). ™

REFINING & FUELS
NIOEC launches Middle East’s largest

distillation unit at Abadan oil refinery

MIDDLE EAST THE Middle East’s largest crude distillation According to NIOEC’s managing director
unit (CDU) has gone online at Iran’s Abadan Farhad Ahmadi, the cost of the plant’s new CDU
oil refinery with a capacity of 210,000 barrels came to around €2.6bn. “Due to the pressure of
per day (bpd), the head of the National Iranian sanctions, the project was divided into two sec-
Oil and Engineering Company (NIOEC) has tions,” he explained, with €1bn invested in the
informed the market. first section.
The Abadan oil refinery, located in Abadan in The rollout of the project started in Septem-
south-western Iran near the Persian Gulf coast, ber 2017, he added, recalling the many problems
has been at the epicentre of Iranian oil produc- the investment has faced. These have included
tion for more than 100 years. It was built in 1913 international sanctions, a lack of financial
by Anglo-Persian Oil Co. (APOC), the enter- resources, the coronavirus (COVID-19)pan-
prise that later became BP. The nationalisation of demic, fine dust and unprecedented heat.
the refinery in 1951 prompted the Abadan Crisis The second section of the distillation unit is
and ultimately led to the toppling of Iran’s dem- presently expected to be completed within three
ocratically elected prime minister, Mohammad years. Its production will meet Euro-5 emissions
Mosaddegh, in 1953. standards. ™

Construction site of new CDU at Abadan refinery (Image: Shana)

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