Page 11 - DMEA Week 31

DMEA
neWs in BRief
DMEA
Companies
Oman’s first polyethylene
pipes factory to be set up in
Duqm
Duqm Hongtong Piping Co on Tuesday celebrated the groundbreaking of Oman’s rst factory for manufacturing reinforced thermopolyethylene pipes at the Special Economic Zone of Duqm.
e ceremony was held with the presence of a number of government dignitaries from Oman and China and representatives from shareholders, investors, stakeholders and potential customers, a press statement said.
At the initial stage, the factory’s products will serve the local market and a erwards these Oman-made products will be promoted and supplied to other regional and international markets whenever required.
built over an area of 60,000 sq m,
the factory is designed to be capable of producing around 1,200km of reinforced thermopolyethylene pipes annually with
the rst batch of products expected by the second quarter of 2020. e nal products will be manufactured as per the technical speci cations of the Petroleum Development Oman (PDO) and the American Institute of Petroleum.
is rst-of-its-kind project in the sultanate came in response to the increasing local and international demand for such non- metallic pipes that could be used for oil and gas industry and speci cally for the collection and transfer of hydrocarbon uids through the piping networks.
Speaking on the occasion, chairman
of Weihai Hongtong Pipe said that one of the most important considerations behind their investment in Oman is to transfer and exchange technologies and to bene t from
the competitive advantages o ered by the business environment in the sultanate. ‘ e prime geographical location of Duqm, close to the GCC and African markets, and the sultanate’s customs agreements with many countries overseas was a good reason to bring our investment in Oman.’
General manager of Duqum Hongtong Piping Co, Dr Shao Longnan, said that the construction of the production plant is planned to start later this month and expected to last for approximately 10 to 12 months. menafn
fuels
DPR seals 53 filling
stations, 4 gas stations in
Kaduna
e Kaduna zonal o ce of the Department of Petroleum Resources (DPR) has sealed
53 lling stations and four gas stations
over various o ences including hoarding, diversion, and under-delivery among others. Zonal Operations Controller, Kaduna
Zone, Isa Ta da, disclosed this to newsmen, yesterday, during the department’s routine surveillance on lling and gas stations in the state.
Ta da, who expressed optimism that Nigeria would stop importation of re ned crude by 2020, assured that the department was collaborating with other security organisations across the country’s borders to checkmate the smuggling of re ned products.
He added that “With the capacity of Dangote re nery and the in ux of many other re neries into the country, in the next two
to three years, Nigeria will stop importing re ned products but rather re ne here and sell to the public because of increased capacity
and availability of the product.” Ta da
stated: “ e exercise, which took place in the month of July, is part of the organisation’s responsibility of monitoring and supervising the activities of the oil and gas industry across the country, which is aimed at checking product hoarding and diversion, selling regulated products above the approved pump prices, under dispensing petroleum products, stations operating without valid licence or expired licence, operating under unsafe conditions and non-adherence to minimum safety standards.” He further explained that,
“a total of 354 petrol stations were visited within the month and were found selling products below or at the approved pump prices of N143 to N145 per litre while 19 gas re lling plants were also visited. e zonal operations controller said: “53 lling stations were sealed for various o ences; 11 stations sealed for under-delivery to the public; 1 station sealed for over-delivery; 40 were sealed for non-compliance and adherence to safety regulations; and 1 was sealed for diversion of product.
daily tRust
petRoChemiCals
Petrochemical industry
not affected by sanctions:
PGPIC
Managing Director of Iran’s Persian Gulf Petrochemical Industries Co. (PGPIC) said u.S. sanctions haven’t had a signi cant impact on the country’s petrochemical sector.
“ e petrochemical industry is in good shape and the sanctions have not had a signi cant impact on the industry,” IRIb quoted Jafar Rabiei as saying on Tuesday.
e o cial made the remarks in a press
Week 31 08•August•2019
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