New refinery builds, sales and shutdowns
New refinery projects
The governor of the Nigerian state Zamfara has signed an agreement for the construction of a new refinery in the state’s capital. The project will cost 1.5 billion Euros and will be closely monitored by NNPC.
Egyptian Refining Company has announced that it is going to build a US$ 3.7 billion greenfield second stage refinery. The company is part of the private equity firm Citadel Capital. The new facility will be constructed in Mostorod, Greater Cairo. The refinery should be completed by 2014 and come online by 2015.
The Ghanaian company Tema Oil Refinery is hoping to construct a new refinery in the country. The facility will likely process 120 000 bpd and will hopefully offset the shortages of petroleum projects in the country.
Refinery sales
Roseneft, the Russian state run oil company, is hoping to gain shares in four German refineries. Roseneft and in talks to purchase a 50% share in Rurh Oel from Venezuela’s PDVSA. It has been reported that the share could cost up to US$ 2 billion.
Refinery and unit shutdowns
Rompetrol is currently considering shutting down the Petromidia refinery, Romania. The company is thinking of making this decision due to financial losses being experienced in the current economic climate.
On 1st September ExxonMobil was forded to shutdown a unit at its Sarpom, Trecate, Italy refinery. The crude distillation unit was taken offline due to a fire that broke out. It is reported that the other crude distillation unit that is still up and running is meeting demand.
BP Plc is going to shutdown a FCC at the Whiting refinery, Indiana. The unit will be taken offline towards the middle of September for approximately 45 days. The reason for this has not yet been disclosed.
The Wilhelmshaven refinery, Germany, owned by ConocoPhillips is still offline. The facility was shutdown in May of this year after a fire. The company are continuing to keep the 260 000 bpd plant closed for economic reasons.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/09092010/new_refinery_builds_sales_and_shutdowns/
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