2nd April: global downstream update

Australia

Caltex has announced that it has noted BP Australasia will halt refining operations at its Bulwer Island refinery, Brisbane by mid 2015. Caltex has signed an agreement with BP for the supply of petrol and diesel from Caltex’s Brisbane refinery, but the agreement does not include jet fuel.

India

On 10^th April, Hindustan Petroleum Corporation Limited has announced plans to shut down a continuous catalyst reformer at the Visakh refinery for maintenance. The maintenance period is expected to last up to 35 days and is part of a cyclical four year maintenance plan at the plant.

Peru

Maple Energy PLC has signed a new lease with Petroperu for the Pucallpa refinery. The new lease is for 10 years and there is the possibility of extension. As part of the lease, Maple Energy will install additional tanks to help meet increasing domestic market demands and carryout maintenance work.

Singapore

Air Products is to supply liquid nitrogen to the Jurong Rock Caverns project in Singapore. The underground storage facility is used to house petrochemical products and is the first of its kind in Southeast Asia.

Ukraine

The Ukranian Interior Minister has announced that the Kiev government want control of the Odessa refinery to return to the Ukraine. Early in March it was reported that Vetek, the refineries previous owners had signed the plant over to the Russian company VTB bank after it failed to repay the loan it acquired to purchase the refinery from Lukoil.

USA

The Phillips 66 owned Billings refinery has made a donation of US$ 8000 to the Volunteers of America Northern Rockies Camp. The company hopes the donation with demonstrate the commitment it has to youth programs in Montana and the surrounding area.

Edited from various sources by Claira Lloyd

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/02042014/2nd_april_oil_petrochemicals_global_news/