Page 12 - NorthAmOil Week 46 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global 174,000-cubic metre Marshal Vasilevskiy float-
(NRG), in which the reader is invited to join ing storage and regasification unit off the coast
our team of international editors, who provide a of Russia’s Kaliningrad exclave. In a statement
snapshot of some of the key issues affecting their last week, the company said it had completed
regional beats. We hope you will like NRG’s new scheduled maintenance checks at the FSRU’s
concise format, but by clicking on the headline link systems and equipment, as well as at its offshore
for each section the full text will be available as receiving terminal.
before.
GLNG: Tanzania expects to sign several
AfrOil: African refining capacity set to rise agreements on LNG project in December
by 1.2mn bpd in medium term Tanzanian Energy Minister January Makamba
OPEC has said, in the latest edition of its World reiterated on November 7 that his country’s
Oil Outlook report, that Africa is on track to add government was optimistic about its chances
1.2mn barrels per day of primary refining capac- of signing a package of agreements in Decem-
ity in the medium term, with Nigeria’s Dangote ber with Shell (UK) and Equinor (Norway),
Refinery accounting for more than half of the the foreign shareholders in the Tanzania LNG
total. The 650,000 bpd Dangote Refinery is the consortium. “It’s happening,” Makamba told
largest downstream facility slated for completion Bloomberg in an interview on the sidelines of the
in Africa by the end of this decade. COP27 international climate summit in Sharm
El Sheikh, Egypt.
AsianOil: Pakistan set for gas, power ra-
tioning amid LNG crunch LatAmOil: Guyana starts first competitive
Pakistan is having to ration natural gas sup- offshore licensing round
ply this winter for households, businesses and Guyana has launched its first-ever competitive
industry, amid the country’s worsening energy oil and gas licensing round and is now accepting
shortages and foreign currency exchange bids for 14 offshore blocks, the country’s Min-
crisis, and may have to implement rolling istry of Natural Resources said on November
blackouts to conserve electricity. With global 4. The ministry announced the opening of the
economic volatility and high gas prices here to auctions in a statement, saying that the govern-
stay for some time, the outlook for the country ment had completed the process of identifying
certainly is not good. the blocks that were to be included in the bidding
contest.
DMEA: KIPIC launches first phase of al-
Zour refinery MEOG: Kuwait pledges to reach net zero
Kuwait Integrated Petroleum Industries Co. Kuwait committed at this week’s COP27 sum-
(KIPIC), a subsidiary of Kuwait Petroleum Corp. mit in Egypt to reaching ‘net-zero’ emissions
(KPC), has officially launched the first phase of from oil and gas by 2050, and a decade later
the al-Zour refinery, a newbuild plant with a for the rest of its economy. The announce-
throughput capacity of 615,000 barrels per day. ment comes a week after regional hegemon
KIPIC announced the start-up in a post on Twit- Saudi Arabia reaffirmed its own similar
ter, saying that the plant had begun to produce target.
and sell low-sulphur fuel oil (LSFO) for delivery
to local thermal power plants last month. NorthAmOil: Biden unlikely to change
course even with a Republican-led con-
EurOil: Power cut to Druzhba pipeline gress
shuts down oil supplies from Ukraine to US President Joe Biden and his administration
Hungary are unlikely to change course if there is a divided
Power to the Druzhba (Friendship) pipeline government following the midterm elections on
which delivers Russian crude to Europe has November 8, says a leading oil lobbyist. “I do not
been cut after a transformer in Ukraine, near see the administration changing their policies –
the border with Belarus, was hit by a rocket they did not change them when [gasoline] prices
on November 15. Russian forces were carry- were most high,” said the American Petroleum
ing out massive air strikes on Ukraine, mainly Institute (API)’s senior vice president of pol-
targeting transmission stations. icy, economics and regulatory affairs, Frank
Macchiarola.
FSUOGM: Gazprom finishes tests at Ka-
liningrad FSRU See the archive and sign up to receive NRG Editor’s
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P12 www. NEWSBASE .com Week 46 17•November•2022