Royal Dutch Shell Plc and China National Offshore Oil Corp. are interested in participating in the second phase construction project at the Huizhou refinery. The facility is located in southern China and this phase of the project is estimated to cost approximately US$ 7.5 billion.
Figures have been released that indicate that China increased net imports of crude oil in December. The figures increased by 1.4% compared with a month earlier. The country imported 4.9 million bpd on average more than it exported.
Iran has stated that the country has increased gas refining capacity to 505 million m3/d. To achieve this increase, the Bidboland and Fajr Jam refineries were expanded. Iran is now working towards the goal of increasing capacity to 900 million m3/d by 2015.
On 25th December 2010 bidding closed for front end engineering and design (FEED) and project management services (PMS) contracts at the Jizan refinery. Saudi Aramco were originally asked for more time however, this was denied. Once completed the refinery is expected to process 400 00 bpd.
Dubai’s government owned refiner, Emirates National Oil Co. has announced plans to expand refined product storage at Fujairah. The project will expand storage capacity at the Vopak Horizon project from 1.5 million m3 to 2.1 million m3.
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