- Key Market Prices
- Key Market Prices
- Margins & Economics
- We’re on New Years’ Holidays
- Crude Futures Continue Gains
- PTT May Consolidate Refining and Petrochemicals Business in Early 2010
- Monetizing Polyethylene and Propylene Production
- Fuels & Processing
- New Refining Head at Pemex
- New Field Condensate Refinery in Qatar Onstream
- Oman Taps Grace for Sohar Refinery
- Sinopec’s Zhenhai Refinery Adds World Scale Ethylene Production Capacity
- Chennai Petroleum Increasing Capacity at Manali Refinery
- Declining Energy Demand in Japan
- Transportation & Logistics
- Spectra Energy Secures Supply Agreements for New York/New Jersey Natural Gas Pipeline Expansion
Fuels & Processing
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New Refining Head at Pemex
Pemex has appointed refining veteran, Miguel Tame, to head the company’s oil refining and marketing subsidiary.
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New Field Condensate Refinery in Qatar Onstream
Qatargas is now able to add value to field condensates with the start-up of a new refinery. The Laffan refinery started up in December with the ability to process the equivalent of 146,000 barrels per day of field condensates.
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Oman Taps Grace for Sohar Refinery
The Oman Tender Board has awarded a RO31m (US$80.5 million) refinery supply contract to Germany’s Grace.
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Sinopec’s Zhenhai Refinery Adds World Scale Ethylene Production Capacity
The Zhenhai refinery in the Chinese province of Zheijiang now has the capacity to produce 1 million t/a of ethylene. The Sinopec facility becomes the country’s largest refinery with the biggest ethylene production base.
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Chennai Petroleum Increasing Capacity at Manali Refinery
Improvements to Chennai Petroleum Corp.’s Manali refinery will result in expanded capacity of products capable of meeting Euro-IV specifications. The current crude distillate unit will be expanded and a new diesel hydrotreater and isomerization unit will be started up in 2010.
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Declining Energy Demand in Japan
Representatives with Nippon Oil, Japan’s largest refiner, and Nippon Mining said Dec. 25 they will close about 20% of their total processing capacity by March as demand declines in Japan.
Feature
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New Reality in 2010 for U.S. Companies: Carbon Reduction Strategies
Beginning Jan. 1, about 10,000 companies, municipalities and some universities must start measuring their greenhouse gas emissions.
Key Market Prices
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Key Market Prices
Transportation & Logistics
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Spectra Energy Secures Supply Agreements for New York/New Jersey Natural Gas Pipeline Expansion
Spectra Energy secured supply agreements from Chesapeake Energy, Statoil and Con Edison for its proposed pipeline expansions in New Jersey and New York. These expansions will increase natural gas capacity into the areas.
Margins & Economics
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We’re on New Years’ Holidays
Global Refining and Fuels Today is on its annual New Years’ holiday for the remainder of this week.
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Crude Futures Continue Gains
The price of Brent crude for February delivery closed Dec. 29 at US$77.64 per barrel, up 32¢ from the Dec. 28 close.
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PTT May Consolidate Refining and Petrochemicals Business in Early 2010
PTT PCL plans to present plans to the Thai government for consolidating its refining and petrochemical business. The state-owned oil company hopes to get approval in early 2010 to proceed with previously suspended projects.
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Monetizing Polyethylene and Propylene Production
A robust propylene and polyethylene market in 2010 could provide monetization opportunities for refiners and petrochemical producers. In particular, polyethylene demand in China and other Asian markets seems to be increasing demand for refining and petrochemical based propylene feedstock.
Public Policy
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U.S. EPA to Hold Public Hearing on Air Quality Standards for Sulfur Dioxide
The U.S. Environmental Protection Agency will hold a public hearing on the agency’s proposal to strengthen the nation’s sulfur dioxide standards.
