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Processing 2006 P2

  • 12/19/2006 -- PDVSA plans Caribbean-Pacific oil pipeline
    Petroleos de Venezuela SA (PDVSA) plans to build a pipeline through Nicaragua to transport oil from the Caribbean to the Pacific, bypassing the Panama Canal.
  • 12/13/2006 -- PTT lets contract for sixth gas-separation plant
    PTT Public Co. Ltd. has let a front-end engineering design and project management consultancy contract to Foster Wheeler International Corp. for its sixth gas-separation plant, GSP6, planned at Rayong, Thailand.
  • 12/12/2006 -- Ecopetrol plans Barrancabermeja upgrade
    State-owned Ecopetrol has let a project management consulting contract to Technip for an upgrade of its 205,000 b/cd refinery in Barrancabermeja, Colombia.
  • 12/11/2006 -- Grupa Lotos lets contract for Gdansk HDS unit
    Grupa Lotos SA, Poland's second largest refiner, let a contract to ABB of Zurich for the engineering, procurement, and construction of a diesel hydrodesulfurization (HDS) unit at its 90,000-b/cd refinery in Gdansk, Poland.
  • 12/08/2006 -- HPCL seeks partners for Vizag refinery expansion
    State-run refiner Hindustan Petroleum Corp. Ltd. (HPCL) is seeking partners for investments, oil procurement, and product marketing as part of its proposed Visakhapatnam (Vizag) refinery expansion.
  • 12/05/2006 -- Contracts let for French biodiesel plants
    Diester Industrie has let turnkey contracts to Technip for two biodiesel plants in France.
  • 12/04/2006 -- Motiva lets Port Arthur refinery expansion EPC
    Motiva Enterprises LLC, Houston, plans to move forward with the final design and engineering phase of a proposed 325,000 b/d expansion of its 285,000 b/cd refinery in Port Arthur, Tex.
  • 12/04/2006 -- Taiyo Oil upgrading to refine heavy oil
    Japan's Taiyo Oil Co., which refines petroleum products from light crude, plans to spend ¥50 billion to install cracking equipment for heavy oil at its Ehime Prefecture refinery.
  • 12/01/2006 -- Neste plans second biodiesel plant at Porvoo
    Neste Oil plans to build a second 170,000-tonne/year biodiesel plant at its 200,000 b/cd refinery in Porvoo, Finland.
  • 12/01/2006 -- Total starts up Gonfreville hydrocracker
    Total SA has brought on stream a €550 million distillate hydrocracker at its 330,000-b/d Gonfreville refinery in Normandy, France.
  • 11/30/2006 -- Borouge lets ethylene cracker contract for UAE plant
    Borouge, a joint venture between Abu Dhabi National Oil Co. and European plastics provider Borealis, let a $1.3 billion, lump-sum turnkey contract to Linde Group and Consolidated Contractors Co. for construction of an ethylene cracker in the UAE.
  • 11/30/2006 -- Saudi Kayan lets petrochemical complex contract
    Saudi Kayan, a JV of Sabic and Al-Kayan, has awarded Flour an EPC management services contract for the utilities and offsite facilities of the JV's 4 million tonne/year petrochemical complex in Al-Jubail, Saudi Arabia.
  • 11/29/2006 -- Japanese firms strengthen LPG operations through alliance
    Japanese firms Mitsui, Sumitomo, and Marubeni are negotiating to form an alliance for the joint procurement of LPG, operation of tankers to carry it, and eventual consolidation of their respective distribution and storage facilities.
  • 11/29/2006 -- Lurgi's technology selected for propylene plants in China
    Datang International Power Generation Co. Ltd. and Shenhua Ningxia Coal Industry Group have awarded Lurgi AG two contracts for the first two commercial-scale propylene plants based on Lurgi technology for the production of plastics from coal.
  • 11/29/2006 -- Technip to supply HDS unit to Polish refinery
    PKN Orlen SA has awarded Technip a contract worth €67 million for construction of a diesel oil hydrodesulfurization (HDS) unit at its 376,500 b/cd refinery in Plock, Poland.
  • 11/14/2006 -- Ethanol use charter signed in France
    Members of France's oil industry, independent motor fuels distributors, automobile manufacturers, farmers, and ethanol producers on Nov. 13 signed the "Charter for Ethanol E85" which sets out their commitments over the next 5 years.
  • 11/09/2006 -- CEPSA awards FEED contract for Spanish refinery
    CEPSA has let a lump-sum contract for an undisclosed amount to Foster Wheeler Iberia SA for front-end engineering design and early procurement services for crude, vacuum, and gas concentration units at its 100,000 b/cd La Rabida Refinery at Huelva, Spain.
  • 11/06/2006 -- OMV plans petrochemical expansion in Bavaria
    OMV AG will boost petrochemicals capacity as part of a €1.1 billion investment program in Bavaria over the next 4 years.
  • 11/06/2006 -- Marathon taps Dresser-Rand for refinery expansion
    Marathon Petroleum Co. LLC has selected Dresser-Rand Co. for the supply of compression equipment for the planned 180,000 b/cd capacity expansion at its 245,000 b/cd Garyville, La., refinery.
  • 11/03/2006 -- EPA proposes further gasoline vapor controls
    The US Environmental Protection Agency wants to expand, to nationwide locations, its air toxic standards designed to prevent gasoline spills and evaporation at urban distribution facilities.

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As a result of recent rulingsby the US Department of Commerce’s Bureau of Industry and Security, the ability to export “stabilized crude” now exists.  The market remains divided, however, on the full impact of these rulings.
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