Page 18 - AfrOil Week 09 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global A gush of oil was reported at an exploration
(NRG), in which the reader is invited to join well drilled by a local company called Meridian
our team of international editors, who provide a Petroleum, the Mangistau provincial govern-
snapshot of some of the key issues affecting their ment said in a statement on February 26. The
regional beats. We hope you will like NRG’s new field has been named after celebrated Soviet-era
concise format, but by clicking on the headline oilman Khalel Uzbekgaliyev.
link for each section the full text will be available
as before. GLNG: Jordan Cove LNG in doubt
The future of Pembina Pipeline’s proposed Jor-
AsianOil: IOC plans Panipat expansion dan Cove LNG export terminal in Oregon looks
State-run refiner Indian Oil Corp. (IOC) has increasingly in doubt, with the company taking a
unveiled a multi-billion-dollar plan to expand write-down on its investment in the project.
the capacity of its Panipat refinery by 200,000 Pembina now says it can no longer predict
barrels per day (bpd). when the facility may be built, and is evaluating
The firm said on February 26 that it would the path forward.
invest INR329.46bn ($4.49bn) to raise the facil-
ity’s capacity to 500,000 bpd by September 2024. LatAmOil: Ecopetrol comments on ISA bid
Colombia’s national oil company (NOC) Eco-
DMEA: Dangote to the rescue petrol has defended its decision to submit a bid
The refinery currently being built by Nigeria’s for a majority stake in Interconexion Electrica
Dangote Group has once again been hailed as a SA (ISA), the country’s electricity transmission
potential saviour for Nigeria. system operator (TSO).
This time, the governor of the country’s Cen- According to Felipe Bayon, the company’s
tral Bank has said that once it comes into pro- CEO, the TSO is a good investment, even though
duction the 650,000 barrel per day (bpd) facility it falls outside Ecopetrol’s core business.
will sell products in naira, saving the govern-
ment from spending around 41% of its foreign MEOG: Conduits in the crosshairs
exchange on petroleum product imports. Pipelines took centre stage in the Middle East
this week. While a gas pipeline in eastern Syria
EurOil: European refining expansion was attacked amid growing tensions in the
Royal Dutch Shell is looking to construct the first region, Saudi Arabia has pitched to make itself
ever commercial bio-power-to-liquid (bio-PTL) the centre of the nascent hydrogen market, offer-
unit at its Rheinland refinery in Germany, the ing to pipe hydrogen to Europe.
company said on February 26. Nobody has yet claimed responsibility for
The project will involve expanding an exist- the attack on the al-Jabsa-al-Rayyan pipeline in
ing 10-MW electrolyser to a capacity of 100 MW. the oil-rich Syrian province of Deir Ezzor, which
Using green hydrogen produced from the elec- is home to the bulk of the country’s oil and gas
trolyser as well as biomass, the PTL unit would reserves and producing assets.
produce 100,000 tonnes per year (tpy) of syn-
thetic kerosene and naphtha. NorthAmOil: Crude-by-rail on the rebound
Canadian crude-by-rail exports are rebounding
FSU OGM: Kazakhstan’s big oil find after falling almost 40% in 2020, according to the
Local authorities in Kazakhstan’s oil-rich west- Canada Energy Regulator (CER).
ern Mangistau region have reported the discov- The regulator’s data show that crude-by-rail
ery of what could be the region’s biggest oil find exports averaged 172,013 barrels per day, com-
since the country’s independence in 1991. pared with 280,272 bpd in 2019. ™

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P18 www. NEWSBASE .com Week 09 03•March•2021