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China <strong>want</strong>s oil company rights protected China urged Sudan and South Sudan to protect the rights and interests of Chinese oil <strong>companies</strong> that have established projects in the two countries. “Their legitimate rights and interests deserve substantial protection”, Foreign Ministry Spokesman Liu Weimin has said. Liu said the oil industry is an economic lifeline for both Sudan and South Sudan, calling on the two nations to remain rational and appropriately resolve oil disputes through negotiation. “China will work with the international community to make efforts to promote this process”, Liu said, also saying China hopes both sides will remain “calm and restrained”, respect each other’s sovereignty, increase mutual trust, actively cooperate with international mediation endeavours and resume negotiations at an early date. Libyan interests in east Africa shrink Libyan interests in East Africa continue to shrink as it emerges that Kenya is pressing for complete disengagement with Tamoil East Africa Ltd. This is so that they may review progress on the proposed Eldoret-Kampala pipeline. Energy officials in Nairobi have said that Kenya <strong>want</strong>s the multi-million dollar deal terminated and the project floated afresh to attract new partners. Recently Libya launched a major diplomatic offensive hoping to persuade authorities in Nairobi to revive the deal claiming that Tamoil had already spent $15 million. Now doubts have emerged as to whether Tamoil still has the ability to undertake such a critical project especially after the Uganda government demanded that the scope of the project be altered to cater for an additional line to pump future refined Ugandan oil to export markets through Kenya. Nigerian government fund maintenance of refinery In an attempt to reduce reliance on imported petroleum products, the Nigerian Federal Government has provided 94.2 billion naira (US $ 600 million) for the Turn Around Maintenance (TAM) of Warri Refining and Petrochemicals Company (WRPC). Director of WRPC Samuel Babatunde announced the TAM, which will take between 2 to 3 years, to the Senate Committee on Petroleum Resource (Downstream). Babatunde said the TAM will be vital due to the current condition of Nigeria’s pipelines. “We are victims of continuous pipeline vandals and disruptions, it is a battle to keep our plants running at even 25 percent. The refineries are in a terrible state of disrepair but works are in progress.” shell wait for government policy change Shell India has said that it will continue to operate its <strong>fuel</strong> retail stores as normal and that it is going to wait for government policy changes before expanding its operations. Shell operates between 70 and 80 <strong>fuel</strong> service stations in the country. “We are operating retail outlets and we have not shut them. We will continue operating these outlets and may not expand unless some policy changes are made”, said Chairman Vikram Singh Mehta. “My hope is that the government will allow <strong>companies</strong> to raise prices. This is important because <strong>companies</strong> need to invest for expansion. Unless they do that we are going to face a crisis.” Despite the abolition of direct price controls in mid-2010, <strong>companies</strong> that wish to deviate from set crude prices need the government’s approval to do so. latest news, events, jobs online – www.PetrolPlaza.com News – MIddLe eAsT, AFrICA & AsIA PsO win major contract for <strong>fuel</strong> farm Pakistan State <strong>Oil</strong> (PSO) have announced that they have been awarded the contract for the establishment of a <strong>fuel</strong> farm, maintenance of hydrant re<strong>fuel</strong>ling system and re<strong>fuel</strong>ling operations at the New Benazir Bhutto International Airport (Islamabad). The contract was awarded after a transparent, competitive and open bidding process that took place at the Infrastructure Project Development Facility (IPDF) headquarters in Islamabad. The entire procedure was carried out under the supervision of Civil Aviation Authority (CAA) representatives and was conducted between the three prequalified parties namely Shell Pakistan, Attock Petroleum and Pakistan State <strong>Oil</strong>. The IPDF had defined the criteria for the successful bidder as being pre-qualified in the initial stage and submitting the highest proposal amongst all bidding parties. In the process, PSO was declared as the highest bidder for the project. Nagarjuna <strong>Oil</strong> in pact with IOC India’s Nagarjuna <strong>Oil</strong> Corp (NOCL) has signed a <strong>fuel</strong> sales deal with the country’s biggest refiner Indian <strong>Oil</strong> Corp, a move that is hoped will reduce import dependence. India has surplus refining capacity but its private refiners prefer to export or sell in local markets through state-run firms, which only get compensation from the government for sale of <strong>fuel</strong> at subsidised rates. The agreement would help cut the current deficit of about 3 million tonnes for supplies of gasoline, diesel and liquefied petroleum gas (LPG) in the state, NOCL said in a statement. “The NOCL Refinery is designed to produce around 2.7 million tons of Diesel, 0.8 million tons of Petrol and 0.7 million tons of LPG, which would be sufficient to bridge this deficit”, it said. 5
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