IRAN: Oil product storage facilities launched at Kharg Island

(EnergyAsia, December 27) — Iran has started up its Kharg Island oil products export terminal with the launch of five oil storage tanks on Christmas day. Moussa Souri, managing director of the Oil Products Export Terminals Company, said the new tanks have boosted the terminal’s capacity from 11.5 to 15 million barrels of oil. The...

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INDIA: Reliance Industries keen to team up with Gazprom for refining investment in Russia

(EnergyAsia, December 27) — India’s privately held Reliance Industries (RIL) is keen to team up with Moscow-based gas giant Gazprom to enter the Russian oil refining and petrochemical industry. Reliance executives broached that possibility during the recent visit of Russia’s Deputy Prime Minister Alexander Zhukov to New Delhi.   Russia is looking to expand trade...

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MALAYSIA: Power supply loss could last for months

(EnergyAsia, December 27) — The most devastating tropical storm to hit Malaysia in living memory will leave behind a nasty legacy — the loss of power supply in parts of the country for few months. Admitting it was surprised by the ferocity of the storm, the country’s main power company Tenaga Nasional Bhd (TNB) said...

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OMAN: Two state refineries to be merged

(EnergyAsia, December 27) — The Omani government is expected to merge its two refining companies, Oman Refinery Company (ORC) and Sohar Refinery Company (SRC), to improve the sector’s competitiveness.   A state-sponsored proposal calls for ORC, which will soon be expanded to 106,000 b/d, to be merged with SRC’s new 116,000 b/d plant to compete...

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OMAN: ABN AMRO completes financing advisory work on Barka II power plant and Al Rusail

(EnergyAsia, December 27) — Dutch bank ABN AMRO said it has successfully advised the Omani government in executing the transaction of the landmark Barka II IWPP project and the privatisation of the Al-Rusail power plant.   Represented by the Electricity Holding Company (EHC) and Oman Power and Water Procurement Company (PWP), the government awarded the...

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INDIA: Essar Oil exports first product cargo from Vadinar port

(EnergyAsia, December 26) — India’s Essar Oil said it has dispatched the first cargo of 35,000 tonnes of Vacuum Gas Oil (VGO) from its refinery at Vadinar, marking its arrival as an oil products exporter.   The 10.5 million tonnes per year refinery is equipped to process a wide range of crudes including heavy sour...

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SRI LANKA: Agreements signed for projects worth over Rs5.4 billion, including hydro power plants

(EnergyAsia, December 26) — Sri Lanka’s Board of Investment (BOI) has announced signing agreements for 12 new projects worth Rs5.4 billion including the construction of mini hydro power plants. (US$1=Rs107).   The BOI said Country Energy Private Ltd signed an agreement to set up mini hydro power plants at Norton Bridge and in Ratnapura at...

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INDIA: Bharat Oman Refineries aims to raise Rs 10 billion in public share offer

(EnergyAsia, December 26) — India’s Bharat Oman Refineries Ltd plans to offer shares to the public next year to raise Rs10 billion for its Bina oil refinery now under construction in Madhya Pradesh state. (US$1=Rs45). Started as an equal joint venture between Bharat Petroleum Corp Ltd (BPCL) and Oman Oil Company Ltd, Bharat Oman is...

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CHINA: Agreement with US to help expand nuclear energy development

(EnergyAsia, December 26) — US Energy Secretary Samuel W. Bodman and the chairman of China’s National Development and Reform Commission (NDRC) Ma Kai recently signed a memorandum of understanding (MOU) paving the way for Westinghouse Electric Company to construct four civilian nuclear power plants in China. The Department of Energy said the agreement shows the US...

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SINGAPORE: Power cuts caused by natural gas supply disruption from Malaysia

(EnergyAsia, December 26) — Parts of Singapore suffered power blackouts last Thursday (December 21) as a result of a cut-off of natural gas supply from Malaysia to two power plants at the Senoko station.   Singapore’s Energy Market Authority said power supply was disrupted at 1555 hours, affecting power supply to the areas in Bukit...

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RUSSIA: Gazprom to become majority owner of Sakhalin II project

(EnergyAsia, December 26) — Russia’s OAO Gazprom has bought a majority stake in the Sakhalin Energy Investment Company Ltd (SEIC) from previous main owners Royal Dutch Shell plc, Mitsui &Co Ltd and Mitsubishi Corporation.   In a statement, Shell said the Russian gas giant will acquire a 50% stake plus one share in SEIC for...

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CHINA: ADB support for Gansu hydropower programme to boost clean energy development

(EnergyAsia, December 26) — Asian Development Bank (ADB) will help provide cleaner and more reliable energy in China’s Gansu province by lending up to US$50 million to support two medium-sized hydropower projects in the remote and impoverished areas of Zhangye city.   ADB said its loan will help finance construction of a 50.5 megawatt power...

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THAILAND: Technip awarded contract for the cracking furnaces of a major steamcracker

(EnergyAsia, December 26) — French engineering giant Technip said it has been awarded a contract by Map Ta Phut Olefins Co Ltd for the construction of the furnace section of a steamcracker located in Map Ta Phut in Thailand. Map Ta Phut Olefins Co Ltd is a joint venture between Siam Cement Group and Dow...

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PAKISTAN: ADB to provide US$800 million facility to improve power transmission

(EnergyAsia, December 26) Ð The Asian Development Bank (ADB) is providing the Pakistani government a multitranche financing facility of US$800 million to enable the country to improve its power tranmission. The funds will rehabilitate and expand parts of the country’s transmission system to meet present and anticipated future demand and ensure the system’s continued operation...

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SINGAPORE: Jurong Shipyard to build semi-submersible rig for US-based Noble Drilling Holding

(EnergyAsia, December 26) — Jurong Shipyard, a wholly-owned subsidiary of Singapore’s SembCorp Marine, recently signed a contract with Noble Drilling Holding LLC of the US to construct, convert and outfit a new ultra-deepwater dynamically positioned semi-submersible drilling unit from Noble Drilling’s existing baredeck hull Bingo 9000. The contract is worth US$500 million.   Noble Drilling...

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CONFERENCE: Sino-Asian Oil & Gas Pipeline Projects Cooperation Forum, Beijing January 29-30

(EnergyAsia, December 18) — From 2006 to 2010, China, Russia, Central and South Asia will experience an unprecedented build-up in their oil and gas pipeline infrastructure due to their increased demand, supply and trade in oil and gas resources. The key players will be building energy pipelines to link China with Russia, Central Asia and...

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SRI LANKA: Hydropower developers press for higher electricity tariffs

(EnergyAsia, December 13) — Developers of smaller hydro power projects want Sri Lanka’s government to increase electricity tariffs.   They argue that higher tariffs are needed to ensure the viability of hydropower in the country, which is reeling from the impact of high oil and gas prices. Fossil fuels help generate 60% of the country’s...

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INDIA: Maharashtra state to step up use of renewable energy

(EnergyAsia, December 22) — India’s Maharashtra state has developed a draft policy to increase the contribution of renewable energy sources to help meet an expected energy shortfall.   The state is projecting a peak shortfall of up to 10,000 megawatt (MW) by 2021.   At the same time, it reckons that is has an untapped...

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TIMOR LESTE: Fuel storage project with Kuwait

(EnergyAsia, December 22) — The government of Timor Lesete said it has formed a 51/49 joint venture with Kuwait to build fuel storage facilities and distribute oil and gas across the country. Timor Leste will not make any financial investment in East Timor Trading Company (ETTC) but will be entitled to 30% of its profits.  ...

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PHILIPPINES: Biofuels bill close to becoming law

(EnergyAsia, December 22) — The Philippines government is close to enacting a biofuels law after the Senate ratified the bill.   The legislation is aimed at building up an ethanol and biodiesel sector without disrupting the country’s sugar cane industry or causing a shortage of sugar. Sugar cane is the main feedstock for biofuels in...

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OMAN: SUEZ wins a major electricity and water contract

(EnergyAsia, December 22) — A consortium comprising Belgium’s SUEZ Energy International, Mubadala Development and the National Trading Company has won the Barka 2 Independent Water and Power Project (IWPP) in Oman.   Awarded by Oman Power and Water Procurement Company (PWP), the contract consortium calls for the construction and operation of a 678 MW power...

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QATAR: ABB signs agreements for Pearl gas-to-liquid (GTL) project

(EnergyAsia, December 22) — ABB, Switzerland’s leading power and automation technology group, said it has signed agreements with Shell and Qatar Petroleum to supply equipment for the world’s largest Gas to Liquids (GTL) complex at Ras Laffan in Qatar.   As part of a contract booked in the third quarter, ABB will supply all of...

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PHILIPPINES: ADB loan of US$450 million to build a stable and reliable power system

(EnergyAsia, December 22) — The Asian Development Bank (ADB) is lending $450 million to help stabilise the power situation in the Philippines. The funds will assist the Philippine government in restructuring the power sector, considered crucial to improving the country’s fiscal imbalance and investment climate.   “Without a stable and reliable electricity supply, industry will...

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DUBAI: Dubai International Airport completes fuel storage facility

(EnergyAsia, December 22) — The Joint Industry Fuel Farm (JIFF), a consortium comprising Air BP, Chevron, Emojet, ENOC and Shell Aviation, has completed a US$30 million expansion of its fuel storage and refuelling facility to meet the growing fuel demands at Dubai International Airport.   An announcement was made this week at the inaugural function...

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