Downstream news from EMEA

Europe

The Petit-Couronne refinery in France has now been placed in to liquidation following the folding of Petroplus Holding AG. Bids by Alafandi Petroleum Group and Netoil for the refinery were rejected prior to this decision by a court in Rouen. A new deadline of 5th November has been set for companies to bid for the refinery once again.

A group of nine banks from the GCC region and Turkiye Petrole Rafinerilieri (Tupras) have signed a one year facility contract worth US$ 200 million. QInvest of Qatar acted as sole bookrunner and structuring advisor to Tupras.

Middle East

Saudi Aramco have announced that it has chosen Asian and European contractors to construct the Jizan refinery and terminal. Companies awarded include; Petrofac Ltd, Hyundai Heavy Industries, Hanwaha Engineering and Construction Corp., JGC Corp and Hitachi Plant Technologies Ltd. The financial aspects of each contract have not yet been confirmed.

The Yemen government is looking to modernise the Aden refinery as part of the country’s plans to build up the oil and gas sector. The government are now looking to secure funds for the work and have been in discussions with UK government about contributing to the facilitiy’s modernisation.

Africa

Sudan is seeking partners to upgrade two of its oil refineries. The government are currently in talks with Essar Energy PLC about the maintenance work that needs to be done. The country are looking to double the refining capacity at one of the refineries and increase capacity at the other by 35 000 bd.

Approximately £ 1 billion has been ear marked by the Nigerian government to repair three refineries in the country. The three refineries in line for maintenance work are the Kaduna, Port Harcourt and Warri facilities. The three facilities are currently running at below 25% capacity.

Edited from various sources by Claira Lloyd.

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/22102012/emea_downstream_news/