Petrochemical
Shale gas and shale oil change US import-export map In 2012, the development of the shale gas propelled USA as the world largest gas producer, ahead of Russia. In 2013, the US administration started to open the door for the export of liquefied natural gas (LNG) to countries not having free trade agreement (FTA) with USA, […]
2B1st Consulting wish you a Happy New Year 2014 2B1st Consulting wish you a Prosperous and Happy New Year 2014 with always more projects in the Oil & Gas and Petrochemical industry. Even if some projects were put on hold or postponed because of design and costs issues, the overall trend of the sector remains […]
Russia votes for competitive LNG export projects On December 1st 2013, Russia enforced the new regulation to allow Gazprom Russian competitors such as Rosneft and Novatek to export liquefied natural gas (LNG) from Russia. Until then, this export licence was concentrated in the exclusive rights attributed to Gazprom. But the Stokman experience, the legal pursuits of the European Community […]
Qatar Petroleum to diversify in oil and petrochemicals Since the moratorium decided by Qatar in 2005 to freeze all new offshore projects out of its giant North Dome project, Qatar Petroleum concentrated to complete on going projects and to stabilize the reservoir from the consequences of the multiplication of the production wells. This moratorium was supposed […]
Dangote awarded PMC and EPCM contracts to EIL The privately-owned Dangote Group selected the Indian state-owned engineering company Engineers India Ltd (EIL) to provide engineering, procurement and construction management (EPCM) services for the $9 billion refinery and petrochemical complex to be built at Olokola in Nigeria. This EPCM contract comes on the top of the project […]
PIC Olefins-3 integrated in KNPC New Refinery Project The wholly state-owned Petrochemicals Industries Company (PIC) is considering to relocate its Olefins-3 project along the New refinery Project (NRP) planned by Kuwait National Petroleum Company (KNPC) in Al-Zour, Kuwait. PIC and KNPC may be defined as sisters companies as both belongs to the national Kuwait Petroleum Company (KPC). […]
Shell confirms Monaca Ethane Cracker on projects list After reassessing its projects list in regards of its investment capabilities, the super major Royal Dutch Shell (Shell) is confirming its Pennsylvania Petrochemical Complex project and the related Monaca Ethane Cracker to stay in its projects list. Instead, Shel is reconsidering the envisaged gas to liquid (GTL) project on Gulf Coast. This […]
ECH to build world largest naphtha cracker at Sokhna Egypt Carbon Holdings, a privately-owned company, is working with several national export credit agencies to expand the financing of its Tahrir Petrochemical project including the world largest naphtha cracker to be installed at Ain Sokhna at the entry of the Suez Channel in Egypt. Originally estimated […]
