Page 14 - FSUOGM Week 46 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global The pipeline itself was not damaged, but
(NRG), in which the reader is invited to join the attack temporarily interrupted crude
our team of international editors, who provide a deliveries to Hungary and Slovakia.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG's new GLNG: Tanzania Expects To Sign Several
concise format, but by clicking on the headline Agreements On LNG Project In December
link for each section the full text will be available Tanzanian Energy Minister January
as before. Makamba reiterated on November 7 that
his country’s government was optimistic
AfrOil: African Refining Capacity Set To Rise about its chances of signing a package
By 1.2mn Bpd In Medium Term of agreements in December with Shell
OPEC has said, in the latest edition of its (UK) and Equinor (Norway), the for-
World Oil Outlook report, that Africa is on eign shareholders in the Tanzania LNG
track to add 1.2mn barrels per day (bpd) of consortium.
primary refining capacity in the medium “It’s happening,” Makamba told
term, with Nigeria’s Dangote Refinery Bloomberg in an interview on the sidelines
accounting for more than half of the total. of the COP27 international climate summit
The 650,000 bpd Dangote Refinery is the in Sharm El Sheikh, Egypt. “In December,
largest downstream facility slated for com- we will conclude the conversation. We are
pletion in Africa by the end of this decade. It in the fiscal package discussions now.”
is a newbuild plant, but both newbuild and
expansion projects will contribute to the LatAmOil: Guyana Starts First Competitive
expansion of Africa’s refining capacity in the Offshore Licensing Round
medium term, World Oil Outlook notes. Guyana has launched its first-ever compet-
itive oil and gas licensing round and is now
AsianOil:Pakistan Set For Gas, Power Ra- accepting bids for 14 offshore blocks, the
tioning Amid LNG Crunch country’s Ministry of Natural Resources
Pakistan is having to ration natural gas sup- said on November 4.
ply this winter for households, businesses The ministry announced the opening
and industry, amid the country’s worsen- of the auctions in a statement, saying that
ing energy shortages and foreign currency the government had completed the process
exchange crisis, and may have to implement of identifying the blocks that were to be
rolling blackouts to conserve electricity. included in the bidding contest.
With global economic volatility and high gas
prices here to stay for some time, the outlook MEOG:Kuwait Pledges To Reach Net Zero
for the country certainly is not good. Kuwait committed at this week’s COP27
summit in Egypt to reaching ‘net-zero’
DMEA: KIPIC Launches First Phase Of Al- emissions from oil and gas by 2050, and
Zour Refinery a decade later for the rest of its economy.
Kuwait Integrated Petroleum Industries Co. The announcement comes a week after
(KIPIC), a subsidiary of Kuwait Petroleum regional hegemon Saudi Arabia reaf-
Corp. (KPC), has officially launched the first firmed its own similar target.
phase of the al-Zour refinery, a newbuild Kuwaiti Foreign Minister Salem al-Sa-
plant with a throughput capacity of 615,000 bah told Kuwait News Agency (KUNA)
barrels per day (bpd). that the plan to achieve carbon-neutral-
KIPIC announced the start-up in a post on ity was “a solid serious pledge that we will
Twitter, saying that the plant had begun to pro- commit to”.
duce and sell low-sulphur fuel oil (LSFO) for
delivery to local thermal power plants (TPPs) NorthAmOil: Biden Unlikely To Change
last month. Course Even With A Republican-Led Con-
gress
EurOil: Power Cut To Druzhba Pipeline President Joe Biden and his administration
Shuts Down Oil Supplies From Ukraine To are unlikely to change course if there is a See the archive and
Hungary divided government following the midterm sign up to receive
Power to the Druzhba (Friendship) pipe- elections on November 8, says a leading oil *NRG Editor’s Picks*
line which delivers Russian crude to lobbyist. for free by email each
Europe has been cut after a transformer in “I do not see the administration changing week here
Ukraine, near the border with Belarus, was their policies – they did not change them when
hit by a rocket on November 15. Russian [gasoline] prices were most high,” said the
forces were carrying out massive air strikes American Petroleum Institute (API)’s senior
on Ukraine, mainly targeting transmission vice president of policy, economics and regu-
stations. latory affairs, Frank Macchiarola.

P14 www. NEWSBASE .com Week 46 19•November•2022