Tanzania Oil companies want fuel testing Galp wants ... - ErpecNews

China wants oil company rights protected
China urged Sudan and South Sudan to
protect the rights and interests of Chinese
oil companies 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 wants 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 fuel 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 fuel 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 companies
to raise prices. This is important because
companies 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, companies that wish to deviate
from set crude prices need the government’s
approval to do so.
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PsO win major contract
for fuel farm
Pakistan State Oil (PSO) have announced
that they have been awarded the contract
for the establishment of a fuel farm, maintenance
of hydrant refuelling system and
refuelling 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 Oil.
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 Oil in
pact with IOC
India’s Nagarjuna Oil Corp (NOCL) has
signed a fuel sales deal with the country’s
biggest refiner Indian Oil 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 fuel 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.
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