Page 12 - AsianOil Week 31

AsianOil
NEWS IN BRIEF
AsianOil
Pertamina increases
distribution of fuel in West
Papua
PT Pertamina (Persero) Marketing Operation Region VIII again recorded a signi cant increase in the distribution of high quality fuel in the West Papua region. In July 2019, Pertamax recorded an increase of 117% compared to the previous month. is signi cant increase compared to December 2018 increased by 10 (ten) times. is gure is the highest increase in the operational area of Pertamina MOR VIII.
PT Pertamina (Persero) ‘s MOR VIII Communication, Relations & CSR Unit Manager, Brasto Galih Nugroho, said that this increase shows that more and more consumers in West Papua are moving on or switching to using higher quality products. is is inseparable from the increasing awareness of consumers to use quality fuel for their vehicles both for two wheels and four wheels.
“Consumption of quality fuels of Pertamax type shows a signi cant increase in the operational area of Pertamina MOR VIII Maluku - Papua. For the period of July 2019, Pertamax’s cumulative consumption in 4 provinces increased by 37% with the largest increase occurring in West Papua which was 117%, “said Brasto.
PERTAMINA, August 6, 2019
EAST ASIA
Kazakhstan-China pipeline
delivers 5.59mn tonnes of
crude oil to China in H1
e Kazakhstan-China oil pipeline delivered 5.59mn tonnes of crude oil to China in the rst half of 2019, PetroChina West Pipeline Company announced on August 1, Xinhua news agency reported.
e 2,800-km-long pipeline stretches from the city of Atyrau to Atasu in Kazakhstan, passes through the Alatau Mountains
and connects to PetroChina Dushanzi Petrochemical Company in Xinjiang Uygur Autonomous Region.
e pipeline has been in operation for
13 years and had delivered a total of 126mn tonnes of crude oil to China as of June 30, the pipeline’s operator said.
BNE INTELLINEWS, August 5, 2019
Daqing Oilfield produces 21.59mn toe in H1
Daqing Oil eld has produced around 21.59 million tonnes of oil equivalent in the rst half of 2019, Xinhua has reported. e company
is a subsidiary of state-run PetroChina. e company’s domestic production amount to 15.48mn tonnes of crude and around 2.3bn cubic metres of gas.
e company’s revenue from overseas operations climbed 6.6% year on year to about 7.82bn yuan.
OCEANIA
Tag Oil announces NZ sale approval
TAG Oil Ltd. is pleased to announce that nal approval has been received from New Zealand Petroleum and Minerals for the sale and transfer of TAG’s operatorship to Tamarind Resources Pte. Ltd (“Tamarind”) of its New Zealand operations.
TAG and Tamarind are working diligently to close the transaction within approximately the next 30 days.
Additional information about the transaction can be found in the management information circular dated November 30, 2018, which is led under TAG’s SEDAR pro le.
TAG OIL, August 1, 2019
Inpex considers Inpex expansion
Inpex is considering an expansion of Ichthys o shore LNG project, which it started up in July 2018, president and CEO Takayuki Ueda was quoted as saying on August 2 by Jiji Press. “ ere is room for expansion in Ichthys,” Ueda told reporters in Sydney.
Ueda added that the Northern Territory’s approval for shale gas drilling meant
his company would also “consider the possibilities” for shale gas development.
Petronas signs Gabon deal
Malaysia’s state-run Petronas has signed an agreement with Gabon for two o shore exploration permits, according to a Bloomberg report.
e newswire quoted Gabon Petroleum Minister Noel Mboumba as saying that the deal comes a er a revised hydrocarbons code was enacted last month. Mboumba said the new code was more scally attractive than the previous version.
Increased gas supply
the real solution to meet
demand
Measures announced by the Australian Government today to ensure domestic gas demand is met highlight that increased gas supply remains the most pragmatic response to ensuring competitive prices are available to Australian homes and businesses.
APPEA said the oil and gas industry would work constructively and collaboratively with the government on the proposed gas market reforms but warned against unintended consequences of market intervention.
APPEA Chief Executive Andrew McConville said the industry was committed to ensuring Australia continues to have a secure, sustainable and competitive natural gas supply for households and businesses.
“Sensible reforms can improve the e ciency of the gas market and its operation. But market interventions can adversely
a ect con dence in the oil and gas sector
and discourage new market entrants and supply diversity. We will work closely with the government to ensure con dence is restored, not undermined,” McConville said.
APPEA, August 6, 2019
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Week 31 07•August•2019