Page 11 - Downstream Monitor - MEA Week 28

DMEA
neWs in brief
DMEA
ComPanies
Emerson to accelerate digital transformation
Emerson, a technology and engineering company, has completed the purchase of Zedi’s so ware and automation business
e addition of Zedi’s cloud supervisory control and data acquisition (SCADA) platform will further enable Emerson to help oil and gas producers increase production and lower operating costs through cloud-based monitoring, control and optimisation.
Lal Karsanbhai, executive president of Emerson’s automation solutions business, said, “As world energy demand continues to grow, helping our vital oil and gas market customers maximise their resources is a top priority. e addition of Zedi strengthens our ability to help customers leverage the latest advances from the eld to the re nery.”
Customers are currently using Zedi’s technology to monitor more than two million sensors and thousands of devices and applications. By combining Zedi’s scalable cloud platform and application expertise with Emerson’s extensive portfolio of applications, controller, instrumentation and ow metering, this acquisition expands Emerson’s opportunities across the global oil and gas production market.
Jim Nyquist, group president of Emerson’s systems and solutions business, added, “Oil and gas producers today are challenged to meet production targets while controlling costs, and they are looking for opportunities to transform operations and make their teams more e ective through digital solutions like analytics and mobility.”
“ is important investment bolsters
our portfolio and ability to help Emerson’s customers achieve top quartile performance through emerging Industrial Internet of
ings technologies,” he noted.
Zedi’s so ware and automation businesses
are based in Calgary, Canada, with approximately 155 employees in North. emerson
refininG
Iran set to invest in south Indian refinery
Iran is ready to invest in the expansion of a South Indian re nery, an Iranian o cial said in New Delhi on tuesday, as the country seeks new avenues of growth amid debilitating U.S. sanctions.
Iran has seen a massive drop in export earnings which is eating into funds for social development. is has raised questions that it might not invest in the expansion of a re nery in South India where it already holds a minority stake.
Iran’s participation has also been questioned a er India cut back its Iranian crude oil imports following U.S. sanctions and stopped them completely from May.
“We have announced our readiness for that (to invest in the re nery),” said Ali Chegeni, ambassador of Iran in India.
“We have no limit to work with India whether investment, whether any kind of joint venture, we are ready for that.”
India was Iran’s top oil client a er China, but halted imports a er Washington withdrew exemptions in May to eight nations, including India, who were earlier allowed to import some Iranian oil.
Na iran Intertrade, the Swiss subsidiary of National Iranian Oil Company, holds a 15.4% stake in Chennai Petroleum Corporation Ltd, a subsidiary of India’s biggest state-owned re ner Indian Oil Corp Ltd.
Indian Oil has about 52 percent share in
the re nery.
Chennai Petroleum plans to invest up to
356.98 billion rupees ($5.1 billion) to replace the 20,000 bpd Nagapattinam re nery in Southern tamil Nadu state with a 180,000 bpd plant.
Chegeni said he hoped that Bank Pasargad, a major Iranian bank which o ers commercial and retail services, will soon open a branch in India and will directory deal with India’s UCO Bank and IDBI Bank Ltd that were handling India’s oil payments in rupees to tehran.
India was paying for oil imports in rupees before suspending its purchases.
reUters
TOR not threatened by Dangote refinery
Sector Analysts have downplayed fears
that the Dangote Re nery will render the operations of the tema Oil Re nery (tOR) obsolete.
ey say the development though laudable, may not be able to meet the demand for re ned products which makes it necessary for tOR to work to sustain its operations.
e positions of the analysts come on the back of disclosure by Dangote Group that the re nery is nearing completion.
According to Group Executive Director, Strategy, Capital Projects and Portfolio Development, Devakumar Edwin, the re nery should help integrate the downstream industries and stabilize prices within the sub- region.
e Dangote re nery is targeting to re ne 650,000 barrels of oil per day.
But on the possibility of assuming majority control in the supply of re ned products, the Executive Director of the Institute of Energy Security, Kwasi Anamuah Sakyi disagrees.
“ e Dangote re ned products will not ood the entire West African market. It does
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