Page 11 - DMEA Week 49

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DMEA
ADNoC would supply ethylene to the potential joint venture and provide access to world-class infrastructure at Ruwais, while RIL will deliver operational expertise and entry to the large and growing Indian vinyls market, in which it is a key participant.
EDC is a basic building-block for manufacture of PVC, a polymer product
in increasingly higher demand globally. PVC plays a critical role in the housing and agriculture sectors, and demand for PVC, particularly in the Indian vinyls market, is expected to grow significantly.
Mr. Abdulaziz Alhajri said: “The agreement with Reliance Industries Limited is a product of our strong relationship, spanning over
two decades, and a testament to ADNoC’s continued ability to cultivate smart and mutually beneficial international partnerships. We look forward to working closely with
RIL to identify opportunities to capitalize on the strengths of the Ruwais ecosystem, while delivering a compelling new commercial platform for satisfying the large Indian PVC market, as well as demand for other fast- growing segments in the region.”
Mr Nikhil Meswani said: “This is
a significant step towards Reliance’s commitment to pursue backward integration and will pave the way for enhancing PVC capacity in India to cater to the fast growing domestic market. This co-operation ideally combines advantaged feedstock and energy from the UAE with Reliance’s execution capabilities and the growing Indian market.”
ADNoC’s expansion and new investment in downstream will accelerate the delivery
of its 2030 strategy, powered by a $45 billion investment, and create a more flexible, resilient and diverse energy business, optimizing its performance and stretching
the dollar from every barrel of oil it produces. Ruwais’ appeal as a unique feedstock engine, capable of producing the full range of essential building blocks along the petrochemical value chain will see the Ruwais Derivatives and Conversion Parks become a global destination of choice for investors and manufacturers wishing to establish a strategic presence in the
UAE. Such investments have the potential to generate numerous specialized local career opportunities, while significantly boosting ADNoC’s in-country value creation. aDnoC
PiPeLines
IS fighters target Homs gas pipeline
Syrian State News Agency SANA is reporting that Islamic State militants in the country‘s central province of Homs have lobbed mortars at natural gas pipelines, putting some production lines out of service.
Syrian Minister of Electricity Mohammad Zuheir Kharboutli told State TV the attack on the southern factory will reduce its capacity
to generate power by 65 percent. The oil Minister Ali Ghanim said the factory feeds the national grid with 6.6 million cubic meters a day but he added maintenance was underway to restore full operations.
Islamic State militants have been battling government troops around the gas lines in Homs since December.
The attacks came hours after a separate attack in Homs city against security offices, which were claimed by al-Qaida-linked insurgents.
A Syrian opposition official says rebel forces are leading the fight against terrorism in Syria as representatives of the warring parties meet in Geneva in a fresh quest for a political solution to the conflict.
Speaking to reporters in Switzerland Friday, Nassr al-Hariri dismissed the notion the international community saw the Syrian government and its forces as the most fit to counter terrorism.
“We are the ones who place the priority on countering terrorism in our agenda,” he said, pointing to the victory against IS by Turkey- backed opposition forces.
He said that victory came as government forces dropped barrel bombs and
internationally-banned weapons in Syria.
The Syrian government of President Bashar
al-Assad has long sought to present itself as a bulwark against Islamist extremism.
Hariri spoke after a meeting with U.N. Envoy to Syria Staffan De Mistura, who is trying to negotiate a political transition in Syria.
“When the international envoy facilitates any political process, he shouldn‘t listen to this side or the other, he should implement the international resolutions,” said Hariri, describing the meeting with the envoy as “positive.”
The two sides, who differ on how power should be distributed during a transition period and disagree on the fate of Assad, have yet to tackle substantive issues in Geneva.
aP
teRMinalS & ShiPPinG
South Pars gas condensate
storage capacity at 2.5mn
barrels
The gas condensate storage capacity of South Pars Gas Field has reached 2.5 million barrels now that a new storage tank has come online in Pars oil and Gas Company (PoGC).
According to PoGC, the tank is built with 500,000 barrels of capacity which is being fed by gas condensate recovered from the joint South Pars gas field.
Last year, four of the eight tanks in the project to build a condensate storage and measuring facility with a storage capacity of 2 million barrels were put into operation.
The project is in progress with the purpose of storing 4 million barrels of South Pars gas condensates.
The remaining tanks of the projects are expected to be completed gradually, with 10 to 15-day intervals by early February.
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Week 49 12•December•2019
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