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The report in the Nikkei indicated that the refinery, a 235,000 bpd plant formerly owned by
money would support Total’s Mozambique LNG Valero, is underway.
project, in which Mitsui and JOGMEC together Representatives of the Aruban government
hold a 20% stake. said last week that they had teamed up with state-
Japan’s confirmation of the involvement of owned Refineria di Aruba NV (RdA) to invite
its commercial banks as well as the state-owned qualified bidders to participate in a two-tiered
JBIC is a good sign that Total will be able to request for expression of interest (REOI). Poten-
secure all its financing by the end of 2020. tial investors have been asked to respond by July
In June, Total said it had reached an agree- 17, they said.
ment with a group that included 20 lenders for Aruba’s government is also mulling offers
the first phase of senior debt funding of $14.4bn. from three companies interested in using the
Other banks named included Standard Bank San Nicolas refinery’s tanks to store crude oil and
Group, Societe Generale and Rand Merchant petroleum products. It has not identified any of
Bank. the bidders, but it hopes to sign a lease contract
As well as Total’s $20bn Mozambique LNG with the winner of the tender by August 1.
project, which aims to produce 12mn tpy of Meanwhile, KBR has agreed to supply
LNG, ExxonMobil is developing the 7.6mn tpy Uruguay’s state oil company Administracion
Rovuma project in the African country. How- Nacional de Combustibles Alcohol y Pórt-
ever, only Total is close to FID, with Exxon delay- land (ANCAP) with technology for a refinery
ing any decision until 2021. upgrade project.
Even though Japan’s LNG imports fell by Under a new contract with ANCAP, the
8.8% y/y in April to 5.13mn tonnes, because of US-based oilfield services giant will help Uru-
the impact of COVID-19, LNG imports are of guay’s NOC upgrade the 50,000 bpd Eduardo
long-term strategic importance to the country’s Acevedo Vázquez refining complex at La Teja.
energy sector. KBR’s technology will allow the plant to produce
more high-value light fuels.
If you’d like to read more about the key events shaping In Mexico, independent fuel importers have
the global LNG sector then please click here for complained that bureaucratic procedures are
NewsBase’s GLNG Monitor . becoming more of a burden. Firms not affiliated
with Pemex, the national oil company (NOC),
Downstream updates in Latin America say that customs inspectors are throwing up
This week’s issue examines refineries in several unnecessary roadblocks to shipments of refined
different countries and also reports on com- fuels, especially diesel.
plaints of excessive delays among Mexican
petroleum product importers. If you’d like to read more about the key events shaping
Officials in Aruba have confirmed that the the Latin American oil and gas sector then please click
search for a new operator for the San Nicolas here for NewsBase’s LatAmOil Monitor.

Week 27 08•July•2020 www. NEWSBASE .com P9