Archive | March, 2013

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CHINA: Wison Engineering completes six projects for PetroChina’s integrated refinery and petrochemical complex in Sichuan

(EnergyAsia, March 28 2013, Thursday) — China’s Wison Engineering Services Co Ltd said subsidiary Wison Engineering Ltd has safely and successfully completed scheduled work on six projects at PetroChina’s integrated refinery and petrochemical complex in Sichuan province. China’s largest privately owned chemical engineering procurement and construction (EPC) contractor said it built the project’s integrated paraxylene-aromatic […]

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CHINA: Sinopec, PetroSA agree to build Africa’s largest oil refinery by 2020

(EnergyAsia, March 28 2013, Thursday) — China Petroleum & Chemical Corp. (Sinopec) and South Africa’s state-owned PetroSA have signed a framework agreement to build Africa’s largest oil refinery with a 400,000 b/d processing capacity. The agreement for the US$10 billion project to be developed in Port Elizabeth’s Coega industrial zone was signed in Pretoria in […]

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MARKETS: Global crude oil flows to shift from west to east by over four million b/d by 2020, says ESAI

(EnergyAsia, March 28 2013, Thursday) — North America’s rising oil production and Asia’s growing energy demand will lead to a drastic shift in the direction of the world’s oil flows through 2020, said US consultant ESAI Energy. The Boston-based consultant predicts that by the end of the decade, crude oil flows west of Suez will […]

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US: Gains in hydrocracker refining capacity will flood diesel market, says ESAI

(EnergyAsia, March 27 2013, Wednesday) — A significant expansion in US Gulf Coast hydrocracking capacity will increase diesel output to easily meet Latin America’s diesel import requirement in 2013, predicts US-based consulting firm ESAI. In its recently published Global Refining Outlook, ESAI is forecasting a more than 100,000 b/d rise in US Gulf Coast diesel […]

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IRAQ: Amid the gloom, IMF says economy to grow 9%, and oil production to rise 10% this year

(EnergyAsia, March 27 2013, Wednesday) — Ten years after the US-led military invasion to oust former dictator Saddam Hussein, war-battered Iraq is expected to enjoy rapid oil production and economic growth, and slower inflation in 2013. In a statement last week, the International Monetary Fund (IMF) predicted Iraq’s oil production would surge 10% to 3.3 […]

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CHINA: Wison Offshore & Marine to provide services for two European firms developing LNG projects in North America

(EnergyAsia, March 27 2013, Wednesday) — A subsidiary of China’s Wison Group has agreed to provide support services to two European firms developing export-oriented liquefied natural gas (LNG) projects in North America. EDF Trading and Exmar NV are looking to export LNG by using offshore barge-mounted natural gas liquefaction facilities that have been jointly developed […]

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ASIA: EIA provides update on South China Sea’s hydrocarbon reserves and development

(EnergyAsia, March 26 2013, Tuesday) — The following is an edited version of an analysis by the US Energy Information Administration (EIA) on the hydrocarbon reserves and development in the South China Sea. Note: Reserve totals do not include Gulf of Thailand or onshore reserves. Reserve estimates are based on field ownership status. Sources: EIA, […]

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MARKETS: IEA sticks to forecast for global oil demand to exceed 90 million b/d in 2013

(EnergyAsia, March 26 2013, Tuesday) — Don’t tell the oil industry about the gloom and doom afflicting the global economic condition. Global oil consumption will still reach a new record high of 90.6 million b/d this year, notwithstanding the continuing economic turmoil in Europe and Japan, and calls for slower growth in China and the […]

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