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Processing 2002 P
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08/07/2002 -- Rayong Olefins switches to gas liquids from naphtha feed under long-term supply deal with PTT
Rayong Olefins Co (ROC) has clinched a long-term accord to source LPG and NGL from PTT PCL, formerly Petroleum Authority of Thailand, for its olefins complex on Thailand's eastern coast. -
08/05/2002 -- Petrobras shopping for devalued assets in economically beleaguered Argentina
Rio de Janeiro's Federal University Institute of Economics Prof. Edmar Luiz F. de Almeida "Past experiences demonstrated that attempts (such as Argentina's) to control the prices of oil products and infrastructure services have only short-term effects on inflation. In the medium and long run, such policies only reduce investments in the sector." -
08/05/2002 -- NPC moves downstream, awards polyethylene plant
Thailand's National Petrochemical PLC (NPC) awarded a $67.89 million contract to the South Korean conglomerate Samsung Engineering Co. to build a new polyethylene plant. -
07/29/2002 -- Cap Gemini Ernst & Young Vice-Pres. Calvin Cobb: US gasoline prices not likely to spike this summer
Cap Gemini Ernst & Young Vice-Pres. Calvin CobbUS gasoline prices are not likely to spike this summer. -
07/24/2002 -- ExxonMobil, Guangzhou Petrochemical to expand refinery
ExxonMobil and China's Guangzhou Petrochemical Corp. are expected by yearend to sign a $3.24 billion contract by which they will jointly expand capacity at Guangzhou Petrochemical's China, refinery. -
07/22/2002 -- DOJ files civil suit against Motiva for 2001 Delaware refinery fire
The US Department of Justice and Delaware filed civil suits against Motiva Enterprises LLC in connection with a fatal July 2001 tank explosion at Motiva's 144,000 b/d oil refinery in Delaware City. -
07/19/2002 -- State of stocks bodes ill for refiners
The state of inventories today--tight crude and loose products--points to continued earnings doldrums for refiners. -
07/16/2002 -- Shell to add HDS plant to Geelong refinery
Shell Refining (Australia) Pty. Ltd., a unit of Royal Dutch/Shell Group, let a $90 million (Aus.) lump-sum turnkey contract to CBI Constructors Pty. Ltd., a unit of Chicago Bridge & Iron Co NV. -
07/15/2002 -- BP taps Foster Wheeler unit for Spanish refinery upgrade
BP Oil Refineria de Castellon SA, a unit of BP PLC, let contract to Foster Wheeler Ltd. unit Foster Wheeler Iberia SA for the upgrade of its 120,000 b/sd refinery at Castellon de la Plana, Spain. -
07/15/2002 -- Investigation under way of Karachi refinery fire that took three lives
An investigation is continuing into a fire at the National Refinery Ltd. refinery in Karachi that claimed the lives of three workers last week. -
07/12/2002 -- Going steady
Negotiations between the Saudi government and multinational companies over a natural gas development plan worth over $25 billion are taking a more serious turn this summer. -
07/12/2002 -- Gas-fired power plant ordered for new petrochemical complex in China
BASF AG and state-owned China Petroleum & Chemical Corp. have let contracts for a new natural gas-fired power plant at their planned world-scale grassroots integrated petrochemical complex at Nanjing. -
07/09/2002 -- Kalundborg refinery producing sulfur-free diesel
Statoil ASA's new 400 million kroner diesel oil unit at its Kalundborg refinery near Copenhagen is 3 months ahead of schedule in delivering diesel with virtually no sulfur content. -
07/09/2002 -- Statoil orders LNG barge for Snøhvit field
Statoil ASA, Stavanger, has placed an order with IZAR Fene Shipyard for a new vessel to support a floating natural gas liquefaction plant in the Snøhvit gas fields complex in the Barents Sea. -
07/09/2002 -- Technip-Coflexip wins Ruwais refinery expansion
Abu Dhabi Oil Refining Co. has awarded a major, lump sum turnkey contract valued at $480 million to Technip-Coflexip Group, Paris, for the expansion of its Ruwais refinery in Abu Dhabi. -
07/08/2002 -- GdF to build a new LNG terminal at Fos-sur-Mer
The board of Gaz de France approved last month its project to construct a second LNG terminal at Fos-sur-Mer on the Mediterranean Sea in southeastern France. -
07/02/2002 -- New South Africa GTL unit to use Statoil process
The advancement of gas-to-liquids technology received another boost late last month with the award of a contract to implement a semicommercial GTL unit in South Africa. -
06/27/2002 -- NY state assembly approves low-sulfur rules
The New York State Assembly by a 124-24 vote approved clean fuel legislation that reduces sulfur levels in transportation fuels on a faster timetable than federal regulations now on the books. -
06/25/2002 -- Qatar Petroleum, ExxonMobil to supply LNG to the UK
Qatar Petroleum and ExxonMobil Corp. have agreed to supply LNG to the UK, starting with shipments in 2006-07 for 25 years, with the gas coming from Qatar's North Field. -
06/19/2002 -- Gasco awards contract to Foster Wheeler to increase production of NGLs
Abu Dhabi Gas Industries Ltd. (Gasco) has awarded a project management contract to Foster Wheeler International Corp., the UK subsidiary of Clinton, NJ-based Foster Wheeler Ltd.
