Page 14 - DMEA Week 32 2021

DMEA
NEWS IN BRIEF
DMEA
POLICY
Ministerial hopeful targets
strong diplomacy in energy
sector
Javad Owji, a candidate to take the helm
of the Iranian Ministry of Petroleum, has put establishment of strong diplomacy and bolstering international relations top on his agenda.
He has paid special attention to diplomacy with focus on trading oil, gas, petrochemical products and export of technical and engineering services.
Interacting with neighbouring countries to reduce tariffs and find suitable solutions is also one of the axis of his international agenda.
Moreover, Mr. Owji is deeply focused on expanding bilateral or multilateral agreements with target countries by tapping the capacities of international and regional organizations, including the Organization of the Petroleum Exporting Countries (OPEC), the Gas Exporting Countries Forum, etc.
He is also cognizant of modifying the consumption pattern of gas and oil products by implementing general policies to modify the consumption pattern using Articles 12 and 13 of the Law on Removing Barriers to Production.
Development and implementation of energy diplomacy document in cooperation with relevant institutions, maintaining
and increasing Iran’s status in OPEC, and expanding the field of activity of the oil and gas industry with neighbouring countries and the countries bordering the Persian Gulf and the Caspian Sea in the field of exploration, production and joint venture capital are
other areas Mr. Owji’s team will be specially focused upon during his tenure as the Iranian
Minister of Petroleum under Ebrahim Raeisi’s administration.
Encouraging foreign investment for exports in the mid and downstream sectors and increasing the export of petroleum products to neighbouring countries, as well as ensuring active support for boosting export of technology and engineering services of Iranian companies to neighbouring countries are other areas of attention for Mr. Owji. SHANA
Oman sets up hydrogen
alliance to develop clean
fuel industry
Oman has established a national hydrogen alliance to develop an industry for the production, transport and use of the fuel that Gulf states have been increasingly looking to as a business to meet the worldwide demand for clean fuels.
Oman’s alliance consists of 13 institutions from the public and private sectors, including government agencies, oil and gas operators, educational and research institutions and ports, state news agency ONA said on Thursday.
The project is part of Oman’s energy diversification aims within its Oman Vision 2040 economic transformation plan.
In May, Oman announced a consortium including state-owned oil firm OQ would develop a solar- and wind-energy powered project capable of producing millions of tonnes of zero-carbon green hydrogen per year. read more
So-called green hydrogen, created by splitting water into its two components using electricity from renewable energy sources, is increasingly viewed as a fuel to replace fossil fuels and their high carbon emissions.
Gulf oil-producing countries are trying
to diversify their economies by creating new sectors and revenues, including through a big push in renewable energy.
Abu Dhabi plans to produce and export hydrogen as a fuel and Saudi Arabia is working on a $5 billion hydrogen project in the NEOM high-tech business zone. REUTERS
REFINING
Maintenance to hit gasoline output at Khartoum refinery
The Sudanese Ministry of Energy and Oil announced that the Al-Jayly oil refinery in Khartoum is expected to undergo a week-long maintenance, while assuring that only a small percentile of all output would be affected.
The official overseeing oil production at the Ministry of Energy and Petroleum stated during a Blue Nile TV interview that the maintenance-related work stoppage would only affect gasoline output by 25%.
Sudanese officials had formally announced that the refinery was back in business last March after several days of work stoppage due to a fault in machinery that halted about 70% of petrol derivatives production.
The maintenance cost for last March’s stoppage amounted to 50 million dollars.
The previous minister of energy and oil in Sudan, Dr. Hamid Suleiman Hamid, revealed that prior to March maintenance, the refinery had not witnessed any maintenance work since 2015.
The Khartoum refinery covers 60% of all local petrol production, 48% of local gasoline production, and 50% of local gas, with the remaining being imported from abroad.
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Week 32 12•August•2021