Technip has been awarded a contract for phase 1 construction of a heavy residue hydro cracking complex at the Burgas refinery. The contract is worth approximately US$ 94.7 million and is expected to be complete by May 2013.
Indian Oil Corporation Limited is going to increase capacity at the Koyli refinery. The company is hoping to turn the facility in to a major refining hub for the Vadodara region. The processing capacity will be increased to 18 million tpy.
In September Eni SpA will shut two processing units at the Taranto refinery for maintenance. A residue hydro conversion unit and a hydrocracker will be taken offline for up to 40 days.
The National Iranian Gas Company and Saderat Bank of Iran have released US$ 4 billion for the construction of two new refineries in the country. The Bidboland refinery will be onstream in the next 3.5 years and the Parsain refinery is expected to process 1.3 million tpy of ethane, 632 000 tpy of propane and 481 000 tpy of butane.
Iraq has announced plans to double its refining capacity by 2020 in hope of meeting domestic demand. Iraq’s processing capacity currently stands at 750 000 bpd and the country is looking to increase capacity to 1.5 million bpd within the next 10 years.
Attock Refinery Ltd is going to add new units to its Pakistani refinery over the next two years. The company is looking to increase production of gasoline to help meet domestic demand. The company will be investing US$ 100 million in the upgrade project.
Saudi Aramco are going to shut the Yanbu refinery for maintenance. The 235 000 bpd facility will be taken offline from 1st February until March 11th for planned maintenance work.
NIS is looking to invest US$ 740 million in the complete overhaul of all its refining facilities. The company is looking to complete the work by 2012. The overhaul work would allow the company to produce refined products that meet the Euro-5 standard.
In February, Repsol UPF SA is taking the Tarragona refinery offline for maintenance. The facility will undergo 56 days of maintenance, which will affect supplies of fuel to the area.
YemenChina is considering offering loans to help Yemen upgrade its largest refinery. The loan will be used to increase the size of the 160 000 bpd Aden facility. Yemen is planning to invest US$ 1.5 billion in the project.
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