Page 17 - EurOil Week 46 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global equipment, as well as at its offshore receiv-
(NRG), in which the reader is invited to join ing terminal.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: Tanzania Expects To Sign Several
regional beats. We hope you will like NRG's new Agreements On LNG Project In December
concise format, but by clicking on the headline Tanzanian Energy Minister January
link for each section the full text will be available Makamba reiterated on November 7 that
as before. his country’s government was optimistic
about its chances of signing a package
AfrOil: African Refining Capacity Set To Rise of agreements in December with Shell
By 1.2mn Bpd In Medium Term (UK) and Equinor (Norway), the for-
OPEC has said, in the latest edition of its eign shareholders in the Tanzania LNG
World Oil Outlook report, that Africa is on consortium.
track to add 1.2mn barrels per day (bpd) of “It’s happening,” Makamba told
primary refining capacity in the medium Bloomberg in an interview on the sidelines
term, with Nigeria’s Dangote Refinery of the COP27 international climate summit
accounting for more than half of the total. in Sharm El Sheikh, Egypt. “In December,
The 650,000 bpd Dangote Refinery is the we will conclude the conversation. We are
largest downstream facility slated for com- in the fiscal package discussions now.”
pletion in Africa by the end of this decade. It
is a newbuild plant, but both newbuild and LatAmOil: Guyana Starts First Competitive
expansion projects will contribute to the Offshore Licensing Round
expansion of Africa’s refining capacity in the Guyana has launched its first-ever compet-
medium term, World Oil Outlook notes. itive oil and gas licensing round and is now
accepting bids for 14 offshore blocks, the
AsianOil:Pakistan Set For Gas, Power Ra- country’s Ministry of Natural Resources
tioning Amid LNG Crunch said on November 4.
Pakistan is having to ration natural gas sup- The ministry announced the opening
ply this winter for households, businesses of the auctions in a statement, saying that
and industry, amid the country’s worsen- the government had completed the process
ing energy shortages and foreign currency of identifying the blocks that were to be
exchange crisis, and may have to implement included in the bidding contest.
rolling blackouts to conserve electricity.
With global economic volatility and high gas MEOG:Kuwait Pledges To Reach Net Zero
prices here to stay for some time, the outlook Kuwait committed at this week’s COP27
for the country certainly is not good. summit in Egypt to reaching ‘net-zero’
emissions from oil and gas by 2050, and
DMEA: KIPIC Launches First Phase Of Al- a decade later for the rest of its economy.
Zour Refinery The announcement comes a week after
Kuwait Integrated Petroleum Industries Co. regional hegemon Saudi Arabia reaf-
(KIPIC), a subsidiary of Kuwait Petroleum firmed its own similar target.
Corp. (KPC), has officially launched the first Kuwaiti Foreign Minister Salem al-Sa-
phase of the al-Zour refinery, a newbuild bah told Kuwait News Agency (KUNA)
plant with a throughput capacity of 615,000 that the plan to achieve carbon-neutral-
barrels per day (bpd). ity was “a solid serious pledge that we will
KIPIC announced the start-up in a post on commit to”.
Twitter, saying that the plant had begun to pro-
duce and sell low-sulphur fuel oil (LSFO) for NorthAmOil: Biden Unlikely To Change
delivery to local thermal power plants (TPPs) Course Even With A Republican-Led Con-
last month. gress
President Joe Biden and his administration
FSUOGM: Gazprom Finishes Tests At Kalin- are unlikely to change course if there is a
ingrad FSRU divided government following the midterm See the archive and
Gazprom has completed tests at its elections on November 8, says a leading oil sign up to receive
174,000-cubic metre Marshal Vasilevskiy lobbyist. *NRG Editor’s Picks*
floating storage and regasification unit “I do not see the administration changing for free by email each
(FSRU) off the coast of Russia’s Kalinin- their policies – they did not change them when week here
grad exclave. [gasoline] prices were most high,” said the
In a statement last week, the company American Petroleum Institute (API)’s senior
said it had completed scheduled mainte- vice president of policy, economics and regu-
nance checks at the FSRU’s systems and latory affairs, Frank Macchiarola.

Week 46 21•November•2022 www. NEWSBASE .com P17