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12th December: Global downstream news

Hydrocarbon Engineering,


GCC region

The Gulf Petrochemicals and Chemicals Association (GPCA) has advised the GCC petrochemicals industry to conserve water during manufacturing processes to avoid the implementation of strict regulations. In 2012 water consumption by the regional industry amounted 1.16 trillion m3. A rise of 3.5% from 2010 levels of 1.12 trillion m3.

Libya

Libyan militia who caused the shutdown of oil terminals across the country have said that they will allow them to reopen on 15th December. The closure of the facilities has so far cost the country millions of dollars.

Nigeria

Aliko Dangote, president of Dangote Group has said that the company is going to make large investments over the next four years to boost expansion. The company is looking to invest US$ 16 billion in cement, petrochemical and agricultural projects. The company is looking to double its refining capacity to 2.75 million tpa by 2017 and begin exports to Liberia, Senegal and Mauritania.

Kaduna Petrochemical Company has announced plans to carryout turnaround maintenance work in order to increase its annual income to N1 trillion. Chiyota of Japan have been contracted to do the maintenance as they are the original builders of the facility and carried out the last maintenance in 2005.

South Sudan

Black Rhino Group of New York is currently discussing plans to build a US$ 3 billion refinery in South Sudan. A framework agreement has already been signed between the company and the South Sudan government as the new country seeks to become self sufficient in oil products. The facility is expected to cost between US$ 2 and 3 billion.

Trinidad and Tobago

Petrotrin has said that after the multi million dollar cost overruns in the construction of the Gas Optimisation Project, the company’s refineries are under pressure. In order to just break even, each barrel of oil refined by the company will have to margin of approximately US$ 9. The Gas Optimisation Project was originally estimated to cost US$ 600 million but ended up needing investments of US$ 1.4 billion.

USA

Delta Air Lines announced that the trainer refinery which it bought from ConocoPhilllips lost US$ 100 000 this year. However, the company have said that they expect the facility to be profitable in 2014. Despite not making a profit, the 180 000 bpd facility has apparently had an impact on the jet fuel market and lowered prices.

Holly Refining and Marketing Co. has received state approval to expand its refinery in West Bountiful. The refinery is looking to expand by 60 000 bbls to process more crude from the Unita Basin. The environmental retrofits carried out by Holly Refining to gain approval have been vast and meet with the EPA and Utah Division of Air Quality.

On Wednesday 11th December, gas was vented from the ExxonMobil owned Torrance refinery in California. Fire fighters monitored the release and declared the gases non-toxic despite the odour that was created. 

Edited from various sources by Claira Lloyd.

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/12122013/12th_dec_downstream_news911/


 

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