Page 13 - DMEA Week 26 2022

DMEA NEWS IN BRIEF DMEA

COMPANIES large land parcel, available with Bina Refinery. visits to the production process and the
These projects - being cost-intensive - progress of overhaul operations of South Pars
Bharat Oman Refineries will get quicker financial closure, after the gas complex refineries and during his visit to
the third and sixth refineries of this complex,
amalgamation. Additionally, they will also
amalgamates with BPCL have access to BPCL’s support functions, Ahmad Zamani said: “The current stable and
business processes and talent pool.
continuous production in the South Pars Gas
State-run Bharat Petroleum Corp. (BPCL) on Bharat Petroleum’s refineries at Mumbai, complex has been achieved with the efforts
Friday announced the amalgamation of its Kochi and Bina have a combined refining and dedication of you, the dear personnel;
subsidiary refinery Bharat Oman Refineries capacity of around 35.3 MTPA, while its We hope that in the shadow of empathy and
(BORL) in Bina with itself. marketing infrastructure includes a network teamwork, we can take bigger steps in the
“The amalgamation is expected to be of installations, depots, retail outlets, aviation direction of serving the society and prosperity
mutually beneficial to both companies. BPCL service stations and LPG distributors. of the country.”
and its group companies have a significant Its distribution network comprises South Pars gas field, which Iran shares with
presence in the upstream, refining, and over 20,000 retail outlets, over 6,100 LPG Qatar in the Persian Gulf water, is divided into
downstream value chain of oil and gas distributorships, 733 Lubes distributorships, 24 standard phases of development in the first
industry while BORL provides product 123 POL storage locations, 53 LPG bottling stage. Most of the phases are fully operational
security and logistics advantage in Northern plants, 60 aviation service stations, three at the moment.
and Central India, through a network of lube blending plants and four cross-country The huge offshore field covers an area of
pipelines,” BPCL said in a statement. pipelines. 9,700 square km, 3,700 square km of which
Bina Refinery is, therefore, of strategic Bina Refinery, a versatile refinery, processes are in Iran’s territorial waters in the Persian
importance to BPCL in its efforts to meet 47 types of crudes and have recently started Gulf. The remaining 6,000 square km, called
the demand for petroleum products in the production of Mineral Turpentine Oil, as well. North Dome, are situated in Qatar’s territorial
hinterland. Additionally, a cost optimisation It boasts of an integrated Full Conversion waters.
on purchase of crude oil, flexibility in Hydrocracker and Diesel Hydro-treater, first TEHRAN TIMES
crude feedstock selection, optimisation in of its kind in India, and a Delayed Coker Unit
production planning/product mix for the to upgrade bottoms of the barrel.
refineries are some of the major benefits on HINDU BUSINESS FUELS
crude procurement, it added.
“As the energy landscape undergoes Diesel missing from
massive changes, BPCL has formulated REFINING
definitive plans to expand its footprint Liberian storage facility
across the energy sector and diversify for Pars refineries well-
future growth and sustainability. With the The Heritage Law Firm representing Petro
amalgamation of Bina Refinery, we will build planned overhaul for Trade has written the management of the
the capabilities to compete more effectively Liberia Petroleum Refining Company (LPRC)
and profitably in the fast changing energy maximum gas refining questioning the whereabouts of about 1.5
marketplace,” BPCL CMD Arun Kumar Singh million gallons of diesel fuel which has
said. The director of production coordination and reportedly disappeared from their storage
Bina Refinery will have unrestricted access supervision in National Iranian Gas Company facility.
to BPCL’s marketing network to evacuate its (NIGC) said: “The South Pars gas complex FrontPageAfrica has gathered that several
products. Several renewable energy projects, refineries are now working for maximum gas efforts on the part of the company to have
1.2 million tonnes per annum (MTPA) refining through carrying out detailed and LPRC account for the missing product are
Ethylene Cracker unit and petrochemical coherent overhaul plans.” yet to yield the desired result as their filling
infrastructure have been envisaged for the Making the remarks during the periodic stations risk shutting down soon if their

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