Page 20 - DMEA Week 42

DMEA NEWS IN BRIEF DMEA

Iran to outpace Qatar in gas Duqm refinery reaches 70% arrested two suspected pipeline vandals from
The coordinator added that troops also
extraction from joint field: completion Ughelli on Oct. 9 in connection with the
theft of some parts of the Oil Mining License
SPGC Oman’s Duqm Refinery project has recorded (OML) 34 oil wellheads.
He also disclosed that troops of Operation
70.5% overall progress as of September 2020.
Once the development of the new phases of In a statement issued Oman Refinery said: Calm Waters 2 and Swift Response arrested
the South Pars (SP) Gas Field in southern “We are moving towards the completion two suspects with 978 bags of 50 kg foreign
Iran are completed, the country will outpace of the Duqm Refinery project, which will parboiled rice around Utan Iyata Creek on
Qatar in gas extraction from the joint field increase Oman’s refining capacity to more Oct. 9.
by 120mn cubic meters per day, the South than half million barrels of crude per day.” According to him, preliminary
Pars Gas Company has claimed. The Duqm refinery is a strategic investigation revealed that the foreign
This was announced by Managing investment for Oman and will form the parboiled rice was suspected to be smuggled
Director of the South Pars Gas Company cornerstone of the Duqm Special Economic from the Republic of Cameroun.
(SPGC) Hadi Hashemzadeh Farhang in an Zone. The development occupies more “Also, a truck laden with about 2,195
exclusive interview with IRNA on October than 2,000 acres and, when completed, will cartons of Cocoa Butter and a motorcycle
20. have the capacity to process around 230,000 were arrested. Suspects and items recovered
He said Iran finally won the barrels of crude oil per day. from the arrest are currently in custody and
“breathtaking marathon” over gas extraction will soon be handed over to the appropriate
from the shared field. prosecuting authority.
At present, 23 years after the beginning Troops destory illegal “Gleaning from the foregoing, the Armed
of its development, the giant gas filed, Forces of Nigeria and other security agencies
having 12 refineries, has turned into the refineries in Nigeria’s remain committed, resolute and determined
world’s biggest gas refinery complex, to curtail the activities of insurgents, armed
Hashemzadeh Farhang added. South-South zone bandits, economic saboteurs and other
Following the inauguration of the SP criminal elements in the country.
phases 2 and 3 in 2001, the field produced The Defence Headquarters says the troops of “The Military High Command commends
some 56 mcm per day of gas, he noted, Operation Delta Safe have impounded large the gallant troops for the successes achieved
saying the figure currently stands at 700 quantity of stolen petroleum products and so far and their unwavering commitment and
mcm per day. destroyed many illegal refining sites in the dexterity.
The SPGC CEO said what adds to the South-South zone in the last week. “Troops are further encouraged to
value of Iran’s achievement in overtaking The Coordinator, Defence Media remain resolute and decisive in curtailing the
Qatar is that only one-third of the field is Operations, Maj.-Gen. John Enenche, stated activities of the enemies of the country,” he
located within the Iranian territory; while this while giving the weekly update on the said.
the remaining two-thirds are in Qatar’s activities of the military across theatres of
territorial waters. operation on October 22 in Abuja.
Eneche said the troops had continued to Aldrees Petroleum profits
carry out aggressive fight against economic
Iran sets petrochemicals sabotage in the zone with significant successes up 122% in Q3
between October 8 and 14.
record Delta patrol team intercepted and destroyed Aldrees Petroleum and Transport Services
He disclosed that the Nigerian Navy Ship
Company’s net earnings stood at SAR 36.9
Iran’s Nouri Petrochemical Company set a two large wooden boats laden with about million during the third quarter (Q3) of 2020,
new record by producing 2.44mn tonnes of 20,000 litres of illegally refined AGO at Jeddo posting a yearly surge of 122.3%.
petrochemicals in the first six months of the in Delta State during the week. The jump in Q3-20 net profit was
current calendar year, which began on March He added that the team also destroyed supported by an increase in fuel profit
21. four drums and 75 polythene bags containing margin despite the drop in the company’s
The company announced that in this illegally refined AGO by the riverbank at sales, fuel prices, and other income,
period, it managed to set various production Jeddo. according to a stock exchange statement on
records, in, among other things, producing Enenche said that further exploitation October 20.
paraxylene and benzene in amounts of the general area led to the destruction of Moreover, the firm’s joint venture profit
equaling 106% and 111% of its rated capacity 600 drums and recovery of two pumping as well as financial and Zakat expenses
respectively, Shana reported. machines hidden in several wooden stores. rose, whereas marketing, general, and
In addition, the company’s total He added that two suspected vandals were administrative expenses slumped.
production in the six-month period grew by arrested around Shagbolor in Warri South Revenue for the July-September period
26.5% (511,000 tonnes of different products) Local Government Area during the operation, decreased by 11.7% annually to reach SAR1.3
year-on-year – an amount equal to 107% of adding that the suspects and recovered items bn.
its nominal capacity. were taken into custody for further action. Over the first nine months of the year,
According to the production indices of According to Enenche, troops also the profits soared by 28.1% to SAR81.6mn,
the Persian Gulf Petrochemical Industries destroyed three illegal refining sites and one compared to SAR63.7mn in the year-ago
Company (PGPIC), Nouri Petrochemical wooden boat loaded with illegally refined period.
Company was ranked first among the AGO around Bekinkiri/Ke in Degema Local
holding’s subsidiaries in terms of production Government Area of Rivers State.
during the six-moth time span. He said the troops had on Oct. 8 arrested
four suspected pipeline vandals at Opukushi
Community in Ekeremor Local Government
Area of Bayelsa acting on credible intelligence.

P20 www. NEWSBASE .com Week 42 22•October•2020