Page 13 - MEOG Week 50 2021

MEOG NEWS IN BRIEF MEOG

OIL five million cubic metres of gas per day and Reliance eyes first Emirati
around 20,000 bpd of crude, in addition to
PDO’s Yibal Khuff project extracting 235 tonnes of sulfur per day. arm cargo in December
In his speech on the occasion, PDO
inaugurated Managing Director Steve Phimister said, India’s Reliance Industries Ltd (RELI.NS),
“This venture is a world-class addition
operator of the world’s biggest refining
Under the auspices of His Highness Sayyid to our portfolio and was delivered with a complex at Jamnagar in Western India, aims
Shihab bin Tarik Al Said, Deputy Prime remarkable safety record. As we shift to a to get the first cargo of oil from its new Abu
Minister for Defence Affairs, Petroleum full-fledged energy company, this trailblazing Dhabi-based trading unit in December, a
Development Oman (PDO) celebrated the project will be essential in powering the source familiar with the matter said.
inauguration of its Yibal Khuff Mega Project. country, generating revenue for the nation, Billionaire Mukesh Ambani-backed
The event, which was held at PDO’s Mina and funding research and development for Reliance group in October announced plans
Al Fahal headquarters, was attended by renewables and investment in greener energy to set up Reliance International Ltd (RINL) to
several senior government officials, members installations and infrastructure. We are proud trade in crude oil, petroleum, petrochemical
of the company’s board and executive of everyone who worked on this project products and agricultural commodities. read
committee and representatives from both the from the Company and our contractors more
public and private sectors. Petrofac, Galfar and Arabian Industries The Indian conglomerate aims to get
Sayyid Shihab said, “Oil and gas industry as they demonstrated commitment and about a 500,000 barrels cargo of United Arab
remains the main enabler of the national perseverance to overcome logistical, technical Emirates’ Das crude from RINL, said the
and global economy. Indeed, the production and operational challenges to deliver on the source, who is not authorised to speak to
start at PDO’s Yibal Khuff Project is of promise and ensure this project’s safe and media.
high strategic value towards meeting timely delivery.” Abu Dhabi National Oil Co (ADNOC),
Oman’s growing medium and long-term This project has achieved several significant which has leased part of the strategic
oil and gas demands. This national mega firsts, including the first to deliver the tallest petroleum reserve at Mangalore in southern
and technically complex project involved column ever fabricated for PDO in Oman. India, supplied 1 million barrels of Das crude
Omani skilled workforce who worked on This ‘Made in Oman’ acid gas recovery unit from the cavern to Reliance in October and 2
the design, construction and commissioning absorber stands at 48 metres high, four metres million barrels in November, data from trade
as well as awarding contracts to Omani in diameter, and weighs 291 tonnes. It has sources show.
companies for the provision of goods and also delivered one of PDO’s first steam turbine India has allowed ADNOC to trade oil
services. It certainly sets an example for generators, taking the heat from some of the from the cavern.
the implementation of national projects, facilities’ processes and using it to generate This month, Indian refiners are snapping
especially as Oman witnesses further growth steam. The plant will be able to generate up February-loading Middle Eastern sour
and development in all areas under the wise 13MW of electrical power, supplementing the crude after spot premiums halved from the
leadership of His Majesty Sultan Haitham bin 45MW of the Yibal Khuff Power plant. multi-month highs seen for January-lifting
Tarik.” It is also the first project to allocate a scope cargoes, trade sources said.
Spanning an area of 1.68km2 within the for Small and Medium Enterprises (SMEs). There are more supplies from the
Yibal cluster area, YKP is the second largest, Around 1,200 Omanis have been employed Atlantic Basin, while the Organization of the
and most technically complex project in on-site in the construction of the facilities, Petroleum Exporting Countries and their
PDO’s history – with COVID-19 adding with a further 200 nationals deployed as fully allies, a group known as OPEC+, decided
another layer of complexity over the past two qualified welders. earlier this month to continue increasing
years of construction and commissioning OMAN NEWS AGENCY output by 400,000 barrels per day in January.
activities. This project will be delivering Reliance has bought 4 million barrels of

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