Page 14 - DMEA week 23

DMEA
neWs in Brief
DMEA
in the past years, leading them to introduce trading non-Saudi crude oil in 2017 as the world’s largest oil exporter successfully optimizes pro ts.
As the UAE’s only Emirate on the Arabian Sea coast, Fujairah is at the heart of the new energy corridor opening East of Suez to Asia. e Emirate is already established as a world- scale storage and bunkering centre alongside Rotterdam and Singapore and is set to bene t in the next few years from companies’ plans to expand crude and petroleum product facilities to avail of the state-of-the-art physical infrastructure on o er.
trade araBia
refininG
Sonara offline for a year after fire - reports
Reuters reported last week that Cameroon’s 42,000-bpd Sonara re nery at Limbe will remain closed for 12 months following a storage tank explosion and a re earlier this month.
Sonara produces around 20% of Cameroon’s gasoline demand, the rest of which is imported, said ministry spokesman Eric Epoune. A quirk of processing however, means that much of Cameroon’s oil cannot be processed at home, instead being shipped to Nigeria for conversion into products.
Sonara supplies products to countries including Nigeria, Togo and Ghana.
Epoune told Reuters that extra imports would cover the shortfall and that a fuel shortage will be avoided.
PetroChemiCaLs
Phase I of Hengam petchem plant 73% complete
e rst phase development of hengam
Petrochemical Plant has so far made 73 percent physical progress.
According to the National Petrochemical Company (NPC), several key parts of the projects were installed during the current month including its primary reformer, ammonia production reactor as well as the CO2 separation tower all weighing over 1,500 tons together.
Only over the past 20 days, 11 percent
of the items needed for completion of the ammonia unit of the project were installed in the facility.
e plant is being developed for 2,200 tons/day of ammonia production capacity
in its rst phase and 3,500 tons/day of urea and granule production capacity in its second phase development.
It is being built in Assaluyeh, southern Iran.
shana
NPC, IMIDRO Ink MoU
to Accelerate Building
Petchem Projects in PEIISEZ
e National Petrochemical Company (NPC) and the Iranian Mines & Mining Industries Development & Renovation, known as IMIDRO, have signed a memorandum of understanding to facilitate and accelerate construction of petrochemical projects in Phase I of Parsian Energy Intensive Industrial Special Economic Zone (PEIISEZ).
e deal was signed on Monday by Behzad Mohammadi (NPC CEO) and Khodada Gharibpour, chairman of IMIDRO board of directors.
According to the MoU, the state-run NPC is tasked with vetting the credentials of petrochemical units intended to be based in PEIISEZ.
is memorandum of understanding, while facilitating the deployment of petrochemical companies in the zone, will accelerate the operation of ve petrochemical projects in the region, each of which will have a capacity to generate 5 to 7 thousand jobs.
Plans are under way to produce 4 million tons of steel, 18 million tons of petrochemicals and 1.2 million tons of alumimium. Besides 6,000 megawatts of power will also be generated in the region.
shana
PiPeLines
Petrofac secures contract with PDO
Petrofac has secured its third project under
a 10-year Framework Agreement with Petroleum Development Oman (PDO)
with the award of a procurement services project for the Mabrouk North East Line Pipe Procurement Project in Oman.
e contract, valued at approximately US$75 million, is the latest to be awarded under the agreement signed in 2017 to provide Engineering, Procurement and Construction Management (EPCM) Support Services for PDO’s major oil and gas projects.
e 19-month project scope includes management of line pipe material from sourcing, technical and commercial evaluation, planning and control services with management and co-ordination of interfaces with all parties involved.
Elie Lahoud, Group Managing Director, Engineering & Construction - Oman, Iraq and Saudi Arabia said: “We have a strong track record with PDO in Oman and are delighted to have been awarded this latest project under the long-term framework agreement.
“ e procurement and management activities for this project will be undertaken from Petrofac’s Muscat o ce from where we provide rst-class expertise in high-value order management. We continue to maximise the provision of local goods and services which evidences our ongoing commitment to delivering in-country value through each of the projects we undertake in the Sultanate.” PetrofaC
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Week 23 13•June•2019