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Processing 2001 P20

  • 07/31/2001 -- Solutia, JLM Industries drop plans for benzene-to-phenol plant
    Solutia Inc., St. Louis, Mo., and JLM Industries Inc., Tampa, Fla., agreed to end an agreement to build a benzene-to-phenol plant at Solutia's Pensacola, Fla., facility. The companies agreed to terminate the planned project because of "current dynamics in the global market for phenol."
  • 07/31/2001 -- PetroChina to close 16 million tonnes of refining capacity by 2005
    PetroChina Co. Ltd. plans to close a number of refineries with capacity totaling 16 million tonnes by 2005. Despite the closure of inefficient units, an expansion project will raise PetroChina's refining capacity to 120 million tonnes by 2005, up from 110 million now.
  • 08/01/2001 -- EPA issues safety orders to Motiva Enterprises on Delaware refinery
    The US Environmental Protection Agency Wednesday ordered Motiva Enterprises LLC to act to protect public health and environmental safety following a recent sulfuric acid spill and fire at the company's Delaware City, Del., refinery.
  • 08/01/2001 -- Peruvian energy minister wants to complete privatization in 2003
    Jaime Quijandria, Peru's new energy and mines minister in President Alejandro Toledo�s government, said he expects to complete privatization of that country's petroleum and electric power sectors by the end of 2003. He made that announcement Tuesday as he took office.
  • 08/06/2001 -- Entergy's power plant strategy turns on remaining flexible in an uncertain market
    Geoff Roberts, CEO of Entergy Wholesale Operations, says after cutting its UK exposure the company wants to be "long permitted dirt," not turbines, as part of its US wholesale electricity strategy.
  • 08/07/2001 -- IOC, ONGC form consultancy and services joint venture
    Indian Oil Corp. and Oil & Natural Gas Corp., both of India, formed a joint venture to market their consultancy, services, and training. The 50-50 venture is called ONGIO International. It will target Asia-Pacific, Middle East, and Africa regions for projects in the upstream and downstream markets.
  • 08/07/2001 -- PetroChina to build three catalytic reforming units and six hydrotreaters
    PetroChina Co. Ltd. plans to build a number of secondary refining units in the next 5 years as part of an effort to restructure its downstream division. The company plans to build three catalytic reforming units and six hydrotreating units at its refineries in the northeast and northwest.
  • 08/08/2001 -- Valero takes down FCC unit for unscheduled repairs
    Valero Energy Corp. is taking down for unscheduled repairs a 62,000 b/d fluid catalytic cracking (FCC) unit at its Houston oil refinery.
  • 08/09/2001 -- Neptune schedules open season for subsea power line
    Neptune Regional Transmission System LLC, the largest merchant electricity transmission project to date, said it will launch an open season auction of transmission rights on Sept. 10. The proposed system will make it possible to deliver a total of 4,800 Mw of electricity through a subsea high voltage direct current (HV DC) electric transmission grid into Northeast urban markets.
  • 08/10/2001 -- Crown hires advisors, considers selling refinery assets
    Crown Central Petroleum Corp., Baltimore, is considering selling its Pasadena and Tyler, Tex., refinery and terminal assets.
  • 08/13/2001 -- Petrobras to invest $6 billion in downstream sector by 2010
    Petroleo Brasileiro SA (Petrobras) plans to invest $6 billion in the downstream side of its businesses by 2010. It plans to increase output of refined products to 1.8 million b/d from 1.6 million currently. Brazil's daily consumption will be 2.1 million b/d by then, estimates Petrobras.
  • 08/14/2001 -- PanCanadian, Value Creation to jointly develop oil sands technology
    PanCanadian Petroleum Ltd., Calgary, and Value Creation Inc., Calgary and Hong Kong, have agreed to jointly develop upgrading technology for oil sands reserves. Value Creation is developing a partial upgrading process.
  • 08/14/2001 -- Xcel undecided on challenge over Colorado transmission decision
    Xcel Energy Inc. hasn't decided whether to appeal a regulatory decision requiring shareholders to pick up part of the tab to build a high voltage transmission line linking western and eastern interconnections, a spokesman said Tuesday.
  • 08/15/2001 -- API says gasoline demand surged in July on lower prices
    The American Petroleum Institute said Wednesday that US gasoline demand jumped 2.3% in July to 8.839 million b/d, likely a response to prices 20¢/gal lower than the month before. It said July's gasoline price decline was the biggest monthly drop since the spring of 1986.
  • 08/16/2001 -- Enerchem to build fractionation plant at Slave Lake, Alta.
    Enerchem International Inc., Nisku, Alta., will build a fractionation plant in the Slave Lake area of Alberta. The plant will complement the operations of Enerchem subsidiary Trysol Canada Ltd., which provides oil-based specialty solvents.
  • 08/16/2001 -- Centurion to link Gelgel discovery in Egypt to Abu Monkar development
    Centurion Energy International Inc., Calgary, said Gelgel-1 well in Egypt was tested from two zones at a combined maximum rate of 31 MMcfd of gas over 72 hr. The test from the two zones was through a 7/8-in. choke with average wellhead pressure of 1,100 psi. The test yielded no water or impurities.
  • 08/17/2001 -- Fire damage to close Citgo refinery in Illinois up to 6 weeks
    Citgo Petroleum Corp.'s Lemont, Ill., refinery could be down for 6 weeks after a fire that occurred this week, said the Organization of Petroleum Exporting Countries' news agency from Caracas.
  • 08/17/2001 -- Sinopec lowers 2001 refining run target by 2.8%
    China Petroleum & Chemical Corp. has lowered its crude run target for 2001 by 2.8% to 105 million tonnes, flat on year. The decision to trim crude runs was made amid high oil inventories. By the end of July, Sinopec had 6.5 million tonnes of oil stocks.
  • 08/20/2001 -- Bosicor refitted refinery to come on stream in February
    Bosicor (Pakistan) Ltd., a refitted oil refinery in the Balochistan province, will start production in February 2002, according to Chairman and CEO Parvez Abbasi. Previously, the refinery was set to come on stream by year's end.
  • 08/21/2001 -- BP to close Wilton LDPE plant
    BP PLC said Tuesday it will close its low-density polyethylene manufacturing operations at Wilton on Teesside, UK, because of difficult market conditions.

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