Archive | November, 2012

Sri Lanka - flag

SRI LANKA: Refinery operating again after brief shutdown from loss of Iranian crude

(EnergyAsia, November 30 2012, Friday) — Sri Lanka’s only oil refinery at Sapugaskanda near the capital city of Colombo resumed operations earlier this month after being forced to shut down for about two weeks on October 26. State-owned Ceylon Petroleum Corporation (CPC) said it had to halt operations at he 50,000 b/d refinery, which is […]

Continue Reading 0
MARKETS-4

MARKETS: North America to dramatically alter global energy balance, predicts IEA

(EnergyAsia, November 30 2012, Friday) — North America will dramatically change the global energy map as it sharply raises oil and gas production in coming decades, predicts the International Energy Agency (IEA) in its 2012 edition of the World Energy Outlook (WEO). “North America is at the forefront of a sweeping transformation in oil and […]

Continue Reading 0
CHINA-1

CHINA: Small refiners here to stay as they expand and plan on importing crude

(EnergyAsia, November 30 2012, Friday) — Far from being extinguished by official policy and competition from the large state-owned players, some of China’s small oil refineries are thriving as their owners plot expansion as well as take on a direct role in importing crude oil. The “teapot” refineries, each of less than 40,000 b/d in […]

Continue Reading 0
MARKETS-4

MARKETS: World refining capacity increased by more than 3 million b/d since 2008, says OPEC

(EnergyAsia, November 29 2012, Thursday) — The following is an edited version of an article on world oil refining outlook by the Organisation of Petroleum Exporting Countries. Since the 2008 financial crisis, global refinery throughput has increased by more than three million b/d, reflecting the improvement in world oil demand. This recovery in global oil […]

Continue Reading 0
BANGLADESH-2

BANGLADESH: ADB extends US$700 million loan to help end “crippling” power shortages

(EnergyAsia, November 29 2012, Thursday) — The Asian Development Bank (ADB) said it is providing Bangladesh a US$700 million loan to enhance the country’s power supply system and help reduce outages and shortages that are crippling the economy. The ADB said the programme will boost the efficiency of several generating facilities to increase capacity by […]

Continue Reading 0
CHINA-1

CHINA: Growing ties with Iraq as Western majors offend Baghdad to pursue Kurdistan’s oil riches

(EnergyAsia, November 29 2012, Thursday) — Nearly a decade after the US military invasion of Iraq, launched presumably to take over the world’s second largest oil reserves among other reasons, it is China, an opponent of the ill-fated war, that has made some of the biggest gains. The various post-Saddam regimes have awarded Chinese state-owned […]

Continue Reading 0
MARKETS-5

MARKETS: EIA further reduced forecast growth in world oil demand for 2012 and 2013

(EnergyAsia, November 28 2012, Wednesday) — The US Energy Information Administration (EIA) has once again reduced its forecast for global oil demand growth for 2012 and 2013. In its November short-term energy outlook, the agency expects world demand to grow by 750,000 b/d this year, down from last month’s forecast of 790,000 b/d, to reach […]

Continue Reading 0

Developed by Bowtie