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LOOP'S TURBINE METERS COPE WITH DIVERSE CRUDES,LARGE VOLUMES

Dec 17, 1990 Larry J. St. Germain Louisiana Offshore Oil Port Inc. Galliano, La. Early in its operations, Louisiana Offshore Oil Port (LOOP) chose turbine meters for flow measurement in conjunction with mechanical displacement provers to provide the accuracy, resolution, and reliability to meet all regulatory and operational requirements. LOOP's experience suggests basic design criteria for turbine meters and indicates factors that affect their performance in different crude types.

NPRA MAINTENANCE Q&A-1 ROTARY MACHINERY MAINTENANCE IS KEY PROCESS PLANT ACTIVITY

Dec 17, 1990 Keeping rotating machinery, such as compressors, pumps, turbines, and blowers, in top operating condition is a key activity that helps maintain efficient process operations in refineries and petrochemical plants. At the most recent National Petroleum Refiners Association annual Refinery and Petrochemical Plant Maintenance Conference, May 23-25 in San Antonio maintenance engineers and managers discussed a wide range of rotating machinery maintenance topics.

INTERNATIONAL BRIEFS

Dec 17, 1990 THE U.S.S.R. signed a contract with Greece's state gas company for construction of a 500 km long trunk pipeline to begin moving Soviet gas in 1993. Gas will be delivered from a point near Izmail on the Soviet-Romanian border, through Romania and Bulgaria to Thessalonika in northern Greece. Soviet crews will work on the trunk line. Quality of their work will determine Greece's later choice of partners for distribution lines in Athens and other cities. Greece in 1988 signed a 25 year

OCCIDENTAL'S ARMAND HAMMER DIES AT 92

Dec 17, 1990 Armand Hammer, chairman and chief executive officer of Occidental Petroleum Corp. for 33 years, died Dec. 10 in Los Angeles at 92. Ray R. Irani, president and chief operating officer, was elected by Oxy's board to succeed Hammer as chairman and CEO pursuant to a resolution adopted in February. A native of New York City, Hammer received a medical degree from Columbia University's College of Physicians and Surgeons in 1921. He never practiced medicine, however, instead heading his

MAJOR EAST GERMAN PLANTS ENTER EEC REFINING NETWORK

Dec 24, 1990 L. R. Aalund Managing Editor-Technology The reunification of Germany has brought some 22 million tons/year or 435,000 b/d of crude oil processing capacity into the European Economic Community from the former German Democratic Republic or East Germany. Most of this-16.2 million tons or 323,000 b/d-comes from two refineries, PCK AG Schwedt and Leuna-Werke AG. Both have entered a period that will test their survival, at least as independent enterprises in their present configurations (OGJ, Oct.

OGJ NEWSLETTER

Dec 24, 1990 All signs point to a second quarter oil price plunge. East-West Center predicts $20-25/bbl by summer even with a conflict in the Persian Gulf, which it sees as likely.

U.S. BRIEFS

Dec 24, 1990 FREEPORT MCMORAN INC., New Orleans, plans to sell at least $750 million in assets by mid-1991, including at least $600 million worth of oil and gas leases, to reduce debt. The company intends to reduce Freeport-McMoRan Copper Co. Inc.'s ownership of Freeport Indonesia Inc. to 80% from 91.1% and said it expects its long term debt to be about $1.6 billion by yearend 1991. BAKER HUGHES INC., Houston, ended talks involving the sale of its Baker Hughes Tubular Services Inc. unit. Baker Hughes

BP: 1990S CLOUDY FOR EUROPEAN CHEMICALS

Dec 24, 1990 Slower economic growth in Europe and the U.S. and increased competition from plants in the Middle East could harm the European petrochemical industry in the early 1990s, warns Bryan Sanderson, chief executive of BP Chemicals. Sanderson told a London conference that a combination of circumstances in Europe, the U.S., and the Middle East could spawn severe competition in export markets. And that could back out European exports when manufacturers there were facing increased competition from a

GERMAN COMPANY OFFERS $55/SHARE FOR VISTA

Dec 24, 1990 RWE-DEA, Hamburg, formerly Deutsche Texaco AG, last week started a cash tender offer for all outstanding common shares of Vista Chemical Co., Houston, for about $590 million, not counting assumed debt. The $55/share offer hinges on, among other things, tendering of at least two thirds of outstanding common shares on a fully diluted basis. It does not depend on RWE-DEA obtaining financing. The tender offer and withdrawal rights are to expire at midnight, New York time, Jan. 24, 1991, unless

INTERNATIONAL BRIEFS

Dec 31, 1990 EXXON CORP. opened its first convenience store/service stations in eastern Europe. Two are on an autobahn northwest of Berlin, and a third is in Budapest. An undisclosed number of additional stations are planned in Berlin, and Exxon expects to open two more Budapest outlets in 1991. BRITISH GAS PLC acquired 99% of the common shares of Consumers Gas Co. Ltd., Toronto, through its offer ending Dec. 20 (OGJ, Nov. 19, p. 28). The acquisition of Canada's biggest gas utility makes BG the first

SUPPLY, MIDEAST SEEN RULING LPG MARKETS

Dec 31, 1990 Burgeoning supplies of crude oil and liquefied petroleum gas have become the dominant price influences in U.S. LPG markets, But if the Middle East erupts in war, a revival of supply jitters could reverse fundamentally based price declines, Petral Consulting Co. says in a study of North American LPG markets. The Houston firm predicts spot prices for West Texas intermediate will remain at more than $30/bbl through January 1991, then decline to $28/bbl in February and $22-23/bbl in April before

MODERN FUEL BLENDING-1 BLENDING TECHNOLOGY KEY TO MAKING NEW GASOLINES

Mar 18, 1991 Yalcin Serpemen, Fritz W. Wenzel Veba Oel Technologie GmbH Gelsenkirchen, Germany Alfred Hubel Veba Oel AG Gelsenkirchen, Germany Advanced gasoline blending technology employed at one of Europe's most complex refineries can help meet the major and economic demands of making reformulated gasoline.

STRIKE LEAVES BRAZIL'S FUEL CRISIS IMMINENT

Mar 18, 1991 Brazil's fuel supply crisis is imminent as a result of a continuing oil workers' strike. Refined products stocks were running out last week, and refinery production was only 275,000 b/d vs. average consumption of 1.2 million b/d. The strike, which started Feb. 26, has paralyzed Brazil's refining system, shutting down six of 10 refineries (OGJ, Mar. 11, p. 40).

IRAN PUSHING PETROCHEMICAL INDUSTRY GROWTH

Mar 25, 1991 Iran continues to press expansion of its petrochemical industry. Latest action involves big contracts by state owned Tabriz Petrochemical Co. (TPC) and Arak Petrochemical Co. (APC). TPC let contract to France's Technip and its Italian affiliate TPL for design, equipment and material supply, construction, and start-up services for three plants at a planned petrochemical complex at Tabriz in Northwest Iran.

MTBE DEMAND TO SOAR IF METHANOL AVAILABLE

Mar 25, 1991 Changing composition of the world's motor fuels will spur rapid growth in oxygenates demand in the 1990s. Paced by the drive to reformulate gasoline in the U.S. under new air quality goals, the change will mean new markets and increased demand for petrochemical products. Leading that growth will be methyl tertiary butyl ether.However, MTBE market growth may be constrained by limits in capacity of methanol feedstock. Those are among conclusions of new industry studies in the U.S. and U.K.

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