Page 18 - DMEA Week 25

DMEA NEWS IN BRIEF DMEA

Egyptian petroleum minister facility with power to its pumps, compressors agency KUNA said. The refinery is the third-
largest in the country.
and blowers. This is one of WEG’s largest
reviews downstream plans project wins in the Middle East. Ahmed al-Jimaz, an official at the Kuwait
The closure was a precautionary measure,
The Duqm refinery will have the potential
The Egyptian minister of petroleum Tarek capacity to process around 230 000 bpd of National Petroleum Company, told KUNA.
El-Molla has reviewed the implementation crude oil, easing the transportation of diesel, All the refinery’s employees were evacuated
progress of new refining projects. jet fuel, naphtha and liquefied petroleum unharmed, he said. The cause of the fire was
The projects include the expansion of gas (LPG) in and out of the region. Its not known and it was not immediately clear
Middle East Oil Refinery’s (Midor) plant in construction is a significant undertaking, when the refinery would re-open.
Alexandria to boost its refinery capacity by divided into three phases that are due to The refinery, which has a production
60% with investments of $2.3bn, according complete in 2020. capacity of 200,000 barrels per day (bpd), is
to a ministry statement on June 24. “WEG worked closely with the customers soon to close for good after upgrades of the
Moreover, El-Molla also followed up on to ensure that our motors and drives met oil-rich country’s two other refineries and the
the establishment of Assiut Oil Refining their requirements,” said Raphael Torrano, construction of a new one.
company’s (ASORC) gasoline complex, Managing Director of WEG Middle East. At the end of July, Kuwait announced
planned to have an output capacity of “The specification required complicated that it had awarded four contracts worth
800,000 tonnes annually of gasoline, with design work by WEG’s engineering team, as it a combined $11.5bn to international
investments of $450mn. was not possible to standardise a single design consortiums for the construction of a 615,000
Additionally, the Asphalt production for this project. We came up with a creative bpd oil refinery. Last year, Kuwait awarded
unit of Suez Oil Processing company and flexible offer, which was a big factor in us tenders for a project worth $12 billion to
(SOPC) is also being constructed with winning the additional contracts.” upgrade the Mina al-Ahmadi and Mina
$60mn investments to produce 1,200 tonnes Bespoke modifications to the design Abdullah refineries.
per day. included adding specialist hardware in the When that work is completed by around
variable speed drive (VSD) panels, smart 2018 and the new refinery is built, Kuwait’s
relays and several circuit interlocks. The refining capacity will increase from the
Egyptian petchem firm Duqm plant also needed motors with a current 930,000 bpd to 1.4mn bpd.
Kuwait is home to about 10% of the world’s
lower inrush current, which made WEG’s
swings to Q1 loss synchronous motors an obvious choice. proven oil reserves and is pumping 2.8mn
bpd.
The project will follow another phase of
Sidi Krier Petrochemicals incurred a net loss the construction of Ras Markaz Crude Oil
of EGP31mn for Quarter one (Q1) of 2020, Park, a large crude storage facility. WEG will
against posting a net profit of EGP 193mn supply four W22XdT tube cooled three-phase Total and Sonatrach Extend
in Q1 2019, according to the company’s motors with a capacity of 900 kW and 11 000
disclosure financial statements filed to the V. These motors and drives will be made by Their Partnership in LNG
Egyptian Exchange. WEG Portugal and will be one of the largest
The company’s ordinary general assembly flameproof motors supplied in the world and France’s Total and Algeria’s Sonatrach
approved the distribution of cash dividends of will be installed alongside four of the branch’s have signed an agreement to renew their
EGP0.30 per share for 2019. largest drive. partnership in the field of LNG.
Established in 1997 and listed in 2005, Sidi WEG regards the Duqm refinery as This agreement notably allows to extend
Kerir Petrochemicals, commonly known as a prestige project that also gained the the existing supply contracts for 3 additional
SIDPEC, operates within the materials sector manufacturers a place on the list of approved years in order to provide 2mn tonnes per
focusing on commodity chemicals. It has vendors compiled by the oil and gas giant, BP. year of Algerian LNG to the French market,
subsidiaries operating across Egypt, working Thanks to the ongoing success of this project, primarily through an LNG terminal at Fos
on textiles and oil and gas refining. WEG anticipates more projects like this in Cavaou. The agreement also includes the
the Middle East. In fact, the manufacturer sub-charter of an LNG tanker of Total by
has recently established a repair and service Sonatrach.
WEG wins Oman refinery network in the region to provide aftersales of cooperation between Total and Sonatrach.
“This agreement is part of the long history
support for WEG’s motors and other
contracts equipment. Thanks to the quality of our relationship
we were able to conclude it in an extremely
Manufacturer of rotating electrical machines volatile market environment. This new
and drives, WEG has gone on to secure the Kuwaiti refinery shuts after contract further enhances the flexibility of
contract of phase two of the Duqm refinery Total’s LNG portfolio and strengthens our
project and a new phase of Ras Markaz Crude fire position as a major partner of Sonatrach,” said
Oil Park in Oman, after winning phase one of Laurent Vivier, President Gas of Total.
the Duqm project in 2018. WEG will supply The Shuaiba refinery south of the Kuwaiti
a range of energy efficient hazardous area capital was closed Monday after a fire in
motors and drives, to equip the 900 ha. oil which no one was injured, official news

P18 www. NEWSBASE .com Week 25 25•June•2020