قاطـــرة الطلــب العا٠لــي علــى النفــط - OAPEC

Organization of Arab Petroleum Exporting CountriesIII. News of OAPEC Member and Other CountriesBahrainBahrain Petroleum Company (Bapco), Finland’s Neste Oil and Nogaholding – the investment arm ofBahrain’s National Oil and Gas Authority (NOGA) – have started production operations at their new baseoil plant at Bapco’s Sitra refinery, the Finnish company said on 12 October. The joint venture plant producespremium quality VHVI (very high viscosity index) Group III base oils (marketed under the Nexbase brand),suitable for use in blending top-tier lubricants, and has a production capacity of 400,000 tons/year.“Demand for premium quality base oils is increasing globally as the new emission legislation and catalyticconverter technologies demand better performing base oils”, Neste official said. “Nexbase base oils meetboth current and future performance requirements, as well as very stringent environmental standards”. Nestehas a 45% stake in the joint venture, and is responsible for both the sales and marketing of the plant’s output.Bapco is responsible for the operation of the plant, which is located on the east coast of Bahrain.LibyaLibya’s National Oil Corporation (NOC) expects crude exports to rise to 1.345 million barrels per day(bpd) by the fourth quarter of 2012, indication the Opec member’s oil is returning to the international marketfaster than expected. The NOC made the forecast in a document which was sent to NOC clients and seenby a news agency on 14 November. It comes ahead of negotiations in the next few weeks between the NOCand potential buyers of Libya’s 2012 crude oil exports. Competition is expected to be tough as traders vie forLibya’s prized light, sweet oil exports. The document showed that 813,000 bpd, was expected to be availableby December, with the highest output coming from Sarir and Amna grades.Before the uprising that began in February 2011, Libya was producing around 1.6 mnb/d of which 1.3million bpd was exported before fighting caused flows to dry up.A large portion of current production is going to domestic refineries, which together have the capacity toprocess nearly a quarter of total output.UAEAbu Dhabi plans to have the third phase of its giant Borouge petrochemical complex running by 2014,bringing the plant’s combined output to nearly 4.5 million tons/yr, Abu Dhabi Polymers (Borouge officialannounced.Borouge-3 will add 2.5 million tons/yr of capacity at a cost of just over $4 billion, the official said,including a 1.5 million ton/yr ethane cracher and two polyethylene units with capacity of 1.08 million tons/yr. The $4 billion Borouge-2 project was completed in 2010, adding 1.4 million tons/yr to the existing500,000 tons/yr of Borouge-1 .Despite being larger, Borouge-3 is expected to cost about the same as Borouge-2 because Abu Dhabitendered the third phase in 2009, when construction prices fell because of the global financial crisis. Borougeis a joint venture between state firms International Petroleum Investment Co. and Abu Dhabi National OilCo., and Austria’s OMV.Volume 37 Issue 1216