Page 17 - AfrOil Week 40

AfrOil PERFORMANCE AfrOil

This represented a rise of 9.63% on the figure of Angola LNG is a consortium formed by
85,963 mcf (2,434 mcm), or 2,773 mcf (78,523 the national oil company (NOC) Sonangol,
cubic metres) per day, recorded in the same BP (UK), Chevron (US), Eni (Italy) and Total
month of the previous year. (France). Its gas liquefaction plant is capable of
The agency further stated that the Angola turning out up to 5.2mn tonnes per year (tpy)
LNG plant in Soyo, a town in northern Angola, of LNG.
turned out 4.6mn boe (151,371 boepd) of ANPG also said that the Cabinda Associa-
LNG and other fuels in the month of August. tion had extracted 519,222 boe of LPG, equiv-
This consisted of 3.78mn boe (121,984 boepd) alent to 16,749 boepd, in August. This group
of LNG, 427,044 boe (13,776 boepd) of pro- – which includes the US major Chevron as well
pane, 283,910 boe (9,158 boepd) of butane and as Eni, Total and Sonangol – is the developer of
200,070 boe (6,454 boepd) of condensate. Block 0. ™

PROJECTS & COMPANIES
Egypt kicks off hydrocracker project

EGYPT EGYPT has kicked off the $2.5bn Mostorod petroleum products by 2023, Egyptian Petro-
hydrocracking project at the Assiut oil refinery leum Minister Tarek El-Molla said on Sep-
in central Egypt. A ceremony was held at the tember 28. “Work is being done to achieve
construction site on September 27 led by Egyp- self-sufficiency in Egypt of gasoline and diesel
tian President Abdel Fattah El-Sisi. by 2023,” he said, estimating the country would
The complex will break down fuel oil and import some 3.5mn tonnes (25.7mn barrels) of
annually produce 4.7mn tonnes of petroleum refined fuels this year at a cost of $1.5bn. Egypt
products, including high-octane gasoline and took 10mn tonnes of fuels from overseas in
diesel compliant with Euro-5 standards, LPG, 2016, at a cost of $4.5bn.
jet kerosene, naphtha and coke. It is operated by New refineries need to be built and existing
Assiut Oil Refining, a subsidiary of state-owned ones need to be made more efficient, the minis-
Egyptian General Petroleum. ter said at a Mostorod ceremony. Consumption
International contractor TechnipFMC also needs to be rationalised, and more vehicles
secured an engineering, procurement and con- converted to run on natural gas, he said.
struction (EPC) contract worth over $1bn to Egyptian authorities have been trying to
build the complex in July, covering its vacuum convince drivers to switch to gas for years, in
distillation diesel hydrocracking, delayed cok- order to reduce costs and reduce pollution in
ing, distillate hydrotreating and hydrogen pro- major cities. The Egyptian government has
duction units. said it wants to see as many as 1.3mn vehicles
Egypt is a net importer of fuel as a result of converted to use gas, up from around 318,000
years of declining production and rising con- currently. El-Sisi even announced in July that
sumption. It is investing in a host of new down- licences would not be issued to new cars unless
stream projects to try to turn this trend around. they run on gas.
Some of these schemes have been shelved or Egypt wants to draw from its large offshore
cancelled since the coronavirus (COVID-19) gas reserves. National gas production began ris-
pandemic hit, however. ing again in 2017 after years of decline, thanks
The country can become self-sufficient in to the start-up of the Zohr project led by Eni.. ™

Golar LNG, BP strike agreement on

delivery date for Gimi FLNG vessel`

SENEGAL/MAURITANIA GOLAR LNG revealed in a statement last week the original, the statement said. “The revised
that it had struck a deal with BP (UK) on setting project schedule will result in the target connec-
a new target date for the conversion of the Gimi tion date for the converted [FLNG] vessel Gimi,
LNG tanker into a floating LNG (FLNG) unit for previously scheduled for 2022 ... being extended
the Greater Tortue/Ahmeyim project offshore by 11 months,” the statement said.
Mauritania and Senegal. The two companies had originally signed a
The new deadline will be nearly a year behind 20-year charter for the vessel in February 2019.

Week 40 07•October•2020 www. NEWSBASE .com P17