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Processing 2007 P2

  • 02/01/2007 -- Contracts let for Al-Jubail petrochemical complex
    Saudi Kayan Petrochemical Co. (Saudi Kayan) on Jan. 24 let separate contracts to two companies for the construction of a polypropylene (PP) and a low-density polyethylene (LDPE) plant at its petrochemical complex, for which construction is slated to begin this month in Al-Jubail Industrial City, Saudi Arabia (OGJ Online, Dec. 11, 2006, Newsletter).
  • 02/02/2007 -- Temasek plans $1.5 billion in outlays for Uzbekistan
    Singapore's Temasek Holdings plans to invest $1.5 billion in Uzbekistan's oil and gas industry, according to Uzbek officials.
  • 02/06/2007 -- Linde to expand Kollsnes gas plant in Norway
    Statoil ASA has let a contract to the Linde Group to design an expansion of the Kollsnes gas processing plant near Bergen in western Norway to 183 million cu m/day from 143 million cu m/day.
  • 02/06/2007 -- US petrochemical production up, inventories down
    US production of 15 petrochemicals in fourth quarter 2006 increased 14% to 48.2 billion lb, compared with production in fourth quarter 2005 of 42.4 billion lb of the same petrochemicals, said NPRA in a recent report.
  • 02/08/2007 -- Mitsui, Sipchem plan Jubail petchem plant
    Mitsui & Co. is considering a joint venture with Saudi International Petrochemical Co. (Sipchem) to construct a petrochemicals plant in Jubail, on the east coast of Saudi Arabia.
  • 02/12/2007 -- China approves second Ningbo refinery complex
    China has agreed in principal to the construction of a $10 billion refinery and ethylene complex in the port city of Ningbo by a joint venture of Formosa Plastics Group, Taipei, and China Petroleum & Chemical Corp. (PetroChina).
  • 02/13/2007 -- KBR technology chosen for China propylene plant
    Kellogg Brown & Root has been awarded a basic design engineering package for a 200,000 tonne/year nominal capacity propylene plant, to be built at an existing industrial site in Jilin City, China.
  • 02/13/2007 -- Total axes Dunkirk as biodiesel plant site
    Plans to build a 200,000 tonne/year biodiesel unit at Total SA's Dunkirk site in France have been canceled, a joint venture of Finland's Neste Oil and Total reported.
  • 02/13/2007 -- Petrovietnam gets funding for Dung Quat refinery
    The Vietnam Development Bank has awarded a credit of $1 billion to Vietnam's state-owned Petrovietnam to finance construction of the country's first refinery at Dung Quat.
  • 02/19/2007 -- Borouge lets contract for world-scale ethylene cracker
    Plastics company Borouge has signed a $1.3 billion lump-sum, turnkey contract with Germany's Linde Group for the construction of an ethylene cracker—part of a major expansion project at Borouge's production facility in Ruwais, Abu Dhabi.
  • 02/20/2007 -- MinnCan pipeline project gets PUC approval
    Minnesota Pipe Line Co. has received approval from the Minnesota Public Utilities Commission to construct its $300 million MinnCan pipeline project (OGJ Online, Jan. 4, 2006).
  • 02/23/2007 -- Sinopec, Syntroleum sign GTL, CTL pact
    China Petroleum & Chemical (Sinopec) and Syntroleum Corp., Tulsa, have signed a nonbinding memorandum of understanding aimed at advancing gas-to-liquids and coal-to-liquids technologies.
  • 02/26/2007 -- Marubeni plans biodiesel project in Brazil
    Japan's Marubeni Corp. and Dutch grain trader Agrenco Group jointly plan to start producing biodiesel fuel from soybean oil produced in Brazil beginning in 2008.
  • 02/27/2007 -- Sabic mulls site change for China petchem plant
    Saudi Basic Industries Corp. (Sabic) is growing impatient with Chinese delays concerning a planned $5.2 billion petrochemical plant for Dalian, Liaoning Province, and may seek another location, according to the company's chairman.
  • 02/27/2007 -- Fire delays Porvoo refinery diesel line start-up
    A small-scale fire Feb. 25 caused by a flange leak at Neste Oil Corp.'s Porvoo refinery in Finland will delay to mid-April the commissioning the new diesel production line at the refinery.
  • 03/01/2007 -- Sinopec, Syntroleum sign GTL, CTL technologies deal
    China Petroleum & Chemical Corp. (Sinopec) and Syntroleum Corp., Tulsa, have signed a nonbinding memorandum of understanding aimed largely at advancing natural gas-to-liquids and coal-to-liquids technologies.
  • 03/01/2007 -- Compressor due Norway's Karsto gas processing plant
    The Karsto gas and processing plant north of Stavanger will be upgraded with a $49.1-65.5 million compressor. It will be installed by Oct. 1, 2008.
  • 03/01/2007 -- Philippine NOC moves forward on biofuels projects
    Philippine National Oil Co. subsidiary PNOC Alternative Fuels Corp. is moving forward with projects related to the production of biofuels from japtropha following approval of its 2007 budget for 1.257 billion pesos ($26 million).
  • 03/01/2007 -- Pearl GTL plant foundation stone laid
    Qatar's Crown Prince Shaikh Tamim bin Hamad Al Thani laid the foundation stone Feb. 26 for the Pearl gas-to-liquids (GTL) facility, reportedly the country's largest energy project.
  • 03/02/2007 -- CTCI lets Bangchak's refinery steam reformer contract
    Taiwan's CTCI Corp. has let an engineering and materials supply contract to Foster Wheeler Energy Ltd. for a steam reformer for hydrogen production and for three fired heaters for vacuum distillation and hydrocracker units to be installed at Bangchak Petroleum Public Co. Ltd.'s refinery in Bangkok.

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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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