Page 11 - DMEA Week 37 2022

DMEA REFINING & FUELS DMEA

Iran has signed a contract for repair work at Venezuela’s El Palito refinery (Photo: PdVSA)

It would also provide some of its own crude oil are very high at present.”
to serve as feedstock for the plants and retain Neither Mir-Tajeddini nor Mohammadne-
equity shares in the facilities, he said. jad identified any specific refinery projects for
He was speaking shortly after another Ira- joint investment.
nian lawmaker, Parviz Mohammadnejad, Earlier this month, a third Iranian lawmaker,
expressed support for co-operation with Ven- Ali-Akbar Alizadeh Bahrami, said Iran might
ezuela and other countries in the downstream focus on completing unfinished refineries in
sector. Joint refinery projects have the potential various countries abroad. There has been spec-
to improve trade and diplomatic ties with other ulation that Iran is interested in building at least
states, generate additional income and provide one refinery in Syria.
easier access to new markets, he said. Analysts, meanwhile, have suggested that if
“Venezuela has many refineries which Iran and the major powers could strike an agree-
require our country’s up-to-date know-how and ment reviving the 2015 nuclear deal, the rein-
technology,” he was quoted as saying by Tasnim. statement of which would lead to the lifting of
“We can take advantage of such a capacity to US economic sanctions on Tehran, Iran could
achieve our purposes in and outside the region. provide around 2mn barrels per day (bpd) of
We can have access to the customers without oil to world crude markets. This contribution
paying additional costs in this way because the would be welcomed by many net importers
extra and additional expenses for the export of concerned about supplies. ™

Marketers see Ghanaian government’s

LPG consumption forecast as unrealistic

AFRICA THE Ghanaian government’s goal of having
at least half of the population to have access by
2030 to LPG, a safe, clean and environmentally
friendly fuel source, is unrealistic, an industry
association official says.
“We are delighted that the government has
such an objective, but unfortunately govern-
ment narratives are not in sync with the realities
on the ground,” Gabriel Kumi, vice president
of the LPG Marketers Association of Ghana, is
quoted by JoyNews as saying.
Kumi was reacting to a statement at the Kumi says LPG consumption has fallen (File Photo)
launch of the National LPG Promotion Pro-
gramme by Deputy Energy Minister William flat – but took a nosedive this year and looks set
Owuraku Aidoo, who highlighted major to decline further. “There is a decline of almost
investments in the sector in recent years when 11% and that will be impossible for us to achieve
announcing the 2030 target date. that kind of [government] objective. As we
Kumi said that, on the contrary, over the past speak, LPG consumption is in a serious decline
few years, LPG consumption in Ghana had been in Ghana,” he said.

Week 37 15•September•2022 www. NEWSBASE .com P11