Page 16 - EurOil Week 09 2021

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global A power gush of oil was reported at an
(NRG), in which the reader is invited to join exploration well drilled by a local company
our team of international editors, who provide a called Meridian Petroleum, the Mangistau
snapshot of some of the key issues affecting their provincial government said in a statement
regional beats. We hope you will like NRG's new on February 26. The field has been named
concise format, but by clicking on the headline after celebrated Soviet-era oilman Khalel
link for each section the full text will be available Uzbekgaliyev.
as before.
GLNG: Jordan Cove LNG in doubt
AfrOil: Sasol’s gas FID The future of Pembina Pipeline’s proposed Jor-
South Africa’s Sasol has made a final invest- dan Cove LNG export terminal in Oregon looks
ment decision (FID) on the development of increasingly in doubt, with the company taking
an onshore natural gas field in neighbour- a write-down on its investment in the project.
ing Mozambique. This move will allow the Pembina now says it can no longer predict
company to move forward with this $760mn when the facility may be built, and is evaluating
project, which will include overland gas ship- the path forward.
ments to South Africa, LPG production for
the local market and the construction of a LatAmOil: Ecopetrol comments on ISA bid
gas-fired thermal power plant (TPP). Colombia’s national oil company (NOC) Eco-
petrol has defended its decision to submit a bid
AsianOil: IOC plans Panipat refinery expan- for a majority stake in Interconexion Electrica
sion SA (ISA), the country’s electricity transmission
State-run refiner Indian Oil Corp. (IOC) has system operator (TSO). According to Felipe
unveiled a multi-billion-dollar plan to expand Bayon, the company’s CEO, the TSO is a good
the capacity of its Panipat refinery by 200,000 investment, even though it falls outside Ecopet-
barrels per day. rol’s core business.
The company said on February 26 that it
would invest INR329.46bn ($4.49bn) to increase MEOG: Conduits in the crosshairs
the facility’s capacity to 500,000 bpd by Septem- Pipelines took centre stage in the Middle East
ber 2024. this week. While a gas pipeline in eastern Syria
was attacked amid growing tensions in the
DMEA: Dangote to the rescue region, Saudi Arabia has pitched to make itself
The refinery currently being built by Nigeria’s the centre of the nascent hydrogen market, offer-
Dangote Group has once again been hailed as a ing to pipe hydrogen to Europe.
potential saviour for Nigeria. This time, the gov- Nobody has yet claimed responsibility for
ernor of the country’s Central Bank has said that the attack on the al-Jabsa-al-Rayyan pipeline in
once it comes into production the 650,000 barrel the oil-rich Syrian province of Deir Ezzor, which
per day (bpd) facility will sell products in naira, is home to the bulk of the country's oil and gas
saving the government from spending around reserves and producing assets.
41% of its foreign exchange on petroleum prod-
uct imports. NorthAmOil: Crude-by-rail on the rebound
Canadian crude-by-rail exports are reported to
FSU OGM: Kazakhstan’s big oil find be rebounding after falling almost 40% in 2020,
Local authorities in Kazakhstan’s oil-rich according to the Canada Energy Regulator
western Mangistau region have reported the (CER).
discovery of what could be the region’s biggest The regulator’s data show that crude-by-rail
oil find since the country’s independence in exports averaged 172,013 barrels per day, com-
1991. pared with 280,272 bpd in 2019.™

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P16 www. NEWSBASE .com Week 09 04•March•2021