Page 13 - MEOG Week 46 2022

MEOG NEWS IN BRIEF MEOG

Bloomberg show. Almost 1.3mn barrels a day hydrogen and ammonia businesses, with the Dostluk field in the Caspian Sea. The two
of cargo from Kazakhstan were also shipped offtake to be used at Kepco’s South Korean countries previously clashed in a prolonged
from the port in the period. power plants. Kepco is to increasingly rely on dispute over the boundaries and ownership of
Under the EU and UK sanctions, tankers green ammonia produced by green hydrogen the field.
will still be able to get industry standard for power generation and is targeting the NEWSBASE
insurance cover - but their cargoes must utilisation of 5mn-10mn t of green ammonia
be subject to purchases below a yet-to-be- by 2030, according to Acwa. The companies
determined price cap. are also joint investors in Saudi Arabia’s SERVICES
NEWSBASE Rabigh 1 independent power plant project.
South Korean firms have also been BP lets EPC contract
involved in other Saudi partnerships. South
COMPANIES Korean chemical producer Lotte Fine extension for work in Oman
Chemical last month signed a deal to import
Korean firms eye H2, 50,000t of blue ammonia from Saudi Arabia BP has let a 2-year contract extension to joint
venture of Worley and Special Technical
by the end of this year, in efforts to create a
ammonia output in Saudi global supply chain. South Korean firms and Services LLC (STS) to provide engineering,
Saudi Arabia’s state-controlled Saudi Aramco
procurement, and construction (EPC)
State-owned utility Kepco and four other also signed a number of initial agreements services to the operator’s Khazzan gas assets in
South Korean companies have partnered in January to study potential partnerships in the Sultanate of Oman.
Saudi Arabia’s sovereign Public Investment hydrogen and ammonia projects. The previous 5-year contract was reported
Fund (PIF) to co-operate on hydrogen and ARGUS in April 2018. Services include brownfield
ammonia production in Saudi Arabia. projects and turnarounds, which will help to
The companies plan to develop a green sustain the life of BP’s existing assets in Oman.
hydrogen and ammonia project with a GAS Worley’s services will be led by Worley’s
1.2mn t/yr production capacity, according Oman office.
to Kepco on 17 November. The other four Erdogan, Aliyev to visit OGJ
firms are fellow state-owned utility Korea
Southern Power, state-owned oil firm KNOC, Turkmenistan to discuss ADNOC L&S closes Zakher
conglomerate Samsung C&T and steel
producer Posco. gas options Marine deal
The companies will carry out a preliminary
feasibility study this year before selecting Turkish President Recep Tayyip Erdogan and ADNOC Logistics & Services (ADNOC L&S),
a business site and developing the project Azerbaijani counterpart Ilham Aliev plan the shipping and maritime logistics arm of
from 2023. The firms will also participate in to visit Turkmenistan in early December to Abu Dhabi National Oil Company (ADNOC),
developing the entire ammonia value chain, discuss how the country might be involved announced today the successful closing of its
including production, transportation and in a planned gas hub in Turkey, AKIPress acquisition of Zakher Marine International
utilisation. reported on November 15. (ZMI), an Abu Dhabi-based owner and
“It is necessary to secure more than 80pc Erdogan spoke about the visit while operator of offshore support vessels, with the
of domestic hydrogen and ammonia demand answering a journalist’s question at Istanbul world’s largest fleet of self-propelled jack-up
overseas,” according to Kepco. Airport before his departure to Indonesia for barges. Financial details of the transaction are
Kepco also on 17 November separately the G20 summit in Bali. In referring to plans not being disclosed.
signed a co-operation agreement with to make Turkey an energy hub, he mentioned The closing ceremony was held at ZMI’s
Saudi energy firm Acwa Power, which is the upcoming trip to Turkmenistan, where he Sentinel Barge in Abu Dhabi.
majority owned by PIF, to develop ammonia intended to have trilateral talks on the subject. With the acquisition of ZMI, ADNOC L&S
businesses. The two firms previously signed Notably, Turkmenistan and Azerbaijan extends its regional footprint and creates new
a deal in October to co-operate in green are arranging the joint development of the opportunities for expansion with an industry-

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