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Processing 2000 P18

  • 11/06/2000 -- China considers reorganizing State Power Corp.
    China is about to embark on a major reform of the electric power industry aiming to break the state monopoly and encourage competition among producers and distributors. The reforms call for dissolving the State Power Corp. and reorganizing it into three sections: a department of electricity under the State Economic and Trade Commission, which will serve as the government regulatory body; an association for the power sector; and a state grid company.
  • 11/06/2000 -- Midcontinent propane shortages loom, consultant says
    A Houston consultant says low US propane stocks in secondary and tertiary storage have set the stage for spot shortages in the Midcontinent region during periods of extreme cold this winter. He said US secondary and tertiary stocks are down 30 million bbl from the historic average, with a disproportionate share of that in the Midcontinent.
  • 11/06/2000 -- NERC: 'Reactive power' needed to maintain reliability
    With use rising, the US electricity transmission and distribution system is susceptible to potential voltage collapse or instability without additional investment in reactive power, the North American Electric Reliability Council (NERC) says in an updated reliability assessment of the nation's bulk electric systems. Reactive 'support is one area that distribution companies cannot ignore, if reliability is to be maintained on the bulk transmission system,' NERC says in its report.
  • 11/07/2000 -- Major products line planned for western China
    The Chinese government has approved the construction of a major oil products pipeline in western China. PetroChina Co. Ltd. plans to begin construction before the end of this year on the 1,207-km line between Lanzhou in the northwest and Chongqing in the southwest. Work will take about 18 months.
  • 11/09/2000 -- Marun awards polyethylene plant contract to Krupp
    Marun Petrochemical Co., a subsidiary of Iran's National Petrochemical Co., has awarded a contract to Krupp Uhde, a subsidiary of Germany's ThyssenKrupp Engineering, to build a 200 million deutschemark, 300,000 tonnes/year polyethylene plant that Krupp says will be the largest of its kind in the world.
  • 11/09/2000 -- CNOOC issues fertilizer plant engineering tenders
    China National Offshore Oil Corp. on Nov. 6 issued tenders to four foreign engineering companies for construction of a major fertilizer plant in southern China. The four companies are Krupp Uhde, a subsidiary of Germany's ThyssenKrupp Engineering, Japan's Toyo Engineering Group, Italy's Snamprogetti SPA, and Kellogg Brown & Root, a unit of Halliburton Co. of the US.
  • 11/09/2000 -- Australian court clears lawsuit against Esso
    A $1 billion (Aus.) class action suit brought by Australian businesses and households over a gas supply interruption lasting about 2 weeks in 1998�stemming from a fatal 1998 gas explosion at Esso Australia Ltd.'s Longford gas processing plant�will go ahead, since the Australian federal court has rejected Esso�s claim that the suit was 'unreal and unarguable.'
  • 11/10/2000 -- Emirates to increase bunkering business
    The Emirates National Oil Co. plans to become a major player in the regional bunkering business in 12-18 months' time, the Organization of Petroleum Exporting Countries' news agency, OPECNA, reported yesterday. ENOC Chief Hussain Sultan said the company plans to invest $10.3 million to build three pipelines connecting its existing Emirates Petroleum Products Co. terminal, the Vopak ENOC Fujairah facility, and the Fujairah refinery to a jetty. Work will be completed by January 2001.
  • 11/13/2000 -- Sunoco to acquire Aristech
    Sunoco will acquire Aristech Chemical Corp. from Mitsubishi for $695 million, including $115 million for working capital, Sunoco said Friday. Contingency payments up to a net present value of $167 million may also be made if realized margins for polypropylene and phenol exceed certain agreed upon thresholds.
  • 11/13/2000 -- BP starts work on PTA plant in China's Guandong province
    BP broke ground Monday on at purified terephthalic acid plant in China's Guandong province. The 240,000 tonnes/year plant is scheduled for completion in late 2002. Construction of the 350,000 tonne/year PTA facility is set for completion in December 2002.
  • 11/13/2000 -- Electric Power news briefs, November 13, 2000
    UtiliCorp Communications�El Paso Europe� Southern Energy Inc� European generation needed�
  • 11/14/2000 -- Sinopec expands Nanjing ethylene cracker
    Eastern China's Yangzi Petrochemical Corp., a unit of China Petroleum & Chemical Corp. (Sinopec), began a 4.48 billion yuan project to expand the ethylene capacity of Yangzi on Nov 8. The company will raise Yangzi's ethylene cracking capacity to 650,000 tonnes/year from 400,000.
  • 11/15/2000 -- Centurion reentering Nile Delta field
    Centurion Energy International Inc., Calgary, is continuing to develop El Wastani field in Egypt's Nile Delta. The field is on the El Manzala Concession, which covers 420,000 acres in Northern Egypt.
  • 11/15/2000 -- TVA energy storage project decision expected in 'weeks'
    The Tennessee Valley Authority and the UK's Innogy Holdings PLC expect to announce within 'weeks' whether modules for a novel new electricity storage system will be fabricated in the UK or in the US, Barry Davidson, development manager of subsidiary Innogy Technology Ventures, said at Power-Gen International.
  • 11/16/2000 -- BP to sell three US refineries
    BP is planning to sell three US refineries and their associated facilities because they do not suit its global refining strategy. The refineries primarily supply wholesale products to local markets rather than to BP's own marketing operations. The three refineries�Salt Lake City in Utah, Mandan in North Dakota and Yorktown in Virginia�have a combined capacity of 177,000 b/d. BP operates five other refineries in the US.
  • 11/16/2000 -- Canadian drillers advertising for 3,000 workers
    The Canadian drilling industry has launched a national campaign to attract a minimum of 3,000 new workers in the face of serious labor shortages and escalating demand for rigs this winter. The Canadian Association of Oilwell Drilling Contractors says there is an unprecedented and severe shortage of people available to work rigs.
  • 11/17/2000 -- Rodríguez's dilemma
    Four production hikes and, according to Organization of Petroleum Exporting Countries figures, over 3.7 million b/d later, OPEC's attempts to steady the price of crude have come to naught.
  • 11/17/2000 -- Atofina, BP outline Appryl dissolution
    BP and TotalFinaElf SA subsidiary Atofina have agreed on how to split up their joint polypropylene subsidiary Appryl, the companies announced Thursday. BP and Atofina began planning to withdraw from the joint venture, formed in 1986, earlier this year. Appryl is owned 49% by BP and 51% by Atofina.
  • 11/21/2000 -- Expansions set for two Indian refineries
    The Indian government has approved the expansion of Kochi Refineries Ltd.'s plant at Ambalamugal from 7.5 million tonnes/year to 13.5 million at a cost of 43.7 billion rupees. The government is selling its interests in four 'stand alone' refineries to major companies
  • 11/21/2000 -- California agency says hot summer could produce power shortage
    If California experiences extremely hot weather next summer, electricity demand could exceed supply by 915 Mw, says the California Energy Commission. Otherwise, the state should have enough power to meet its electricity demand, the energy commission says in a report released Monday. The report appears to conflict with projections of an 8,000 Mw shortage during peak summer 2001 demand by the California Independent System Operator.

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