Rithika Krishna’s Post

https://lnkd.in/dzBVeZPn Oman's Duqm Refinery Aims to Exceed Capacity and Diversify Product Range Oman's Duqm refinery, with a capacity of 230,000 b/d, is set to operate at 10% above its nameplate capacity and explore new product options, as stated by OQ8's chief executive, David Bird. The refinery, a joint venture between Omani and Kuwaiti entities, plans to expand capacity, focusing on its coking and hydrocracker units. Bird emphasized that increasing capacity by 10% is a key performance goal for this year, with high confidence in achieving it. The refinery is considering using intermediate feedstocks like vacuum gas oil (VGO) and residues to boost production in these units. The $9 billion facility, which reached full capacity in February, utilizes a feedstock mix of 65% Kuwaiti crude and 35% Omani crude. There are plans to expand the product portfolio beyond its current output of jet fuel, gasoil, naphtha, and LPG. Potential new products include reformate or gasoline, currently under feasibility review. Bird also highlighted opportunities in base oils, crucial for the region due to increasing demand, particularly in Africa. Duqm’s proximity to these markets provides a strategic advantage. Another hydrocracker unit, focusing on base oil production, might be considered for future expansion. Additionally, Oman is developing a petchem complex with Saudi Arabia’s Sabic and Kuwait’s KPI, leveraging Duqm refinery’s output. The feasibility study for this project has been completed and is closely evaluated along with a potential naphtha upgrade. Bird noted a rising demand for Duqm's products, especially in markets like East Africa and more recently, Europe. Around 45% of Duqm’s diesel is exported to East Africa, but new shipments to Europe have begun. The refinery can produce European-grade winter-specification diesel, aiming to capitalize on seasonal demand shifts. Duqm's strategy includes maintaining a strong presence in nearby markets while exploring opportunities in Europe, ensuring competitive supply of winter-spec diesel if arbitrage conditions are favorable.

Check out the latest report from IMIR Market Research Pvt. Ltd. on the #Oil #Storage #Market Outlook and Geography Forecast, 2022-2028. The report includes a comprehensive analysis of the market size, share, and trends, as well as a COVID-19 impact analysis, growth potential, and competitive market share. The report covers various regions, including:  #NorthAmerica, #Europe, #AsiaPacific, #LatinAmerica, and #Africa. Don't miss out on this opportunity to stay informed about the latest trends in the industry. The unpredictable nature of crude oil prices significantly impacts the oil storage market. These price fluctuations often result in periods of excess oil production and high demand. Oil storage facilities play a crucial role in stabilizing oil prices by providing a means to balance these dynamics.    #intellectualmarketinsights #marketresearchreports #Size #Share #Trends #Growth #Opportunity #Outlook 📚 𝐆𝐞𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 𝐝𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐞𝐝 𝐩𝐫𝐢𝐜𝐞:📝👇https://lnkd.in/dy6spkbX   📚𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬/𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 👇 Containment Solutions Belco VTTI Oiltanking Shawcor Buckeye Partners Columbian Logistics Network Jordan Oil Terminals Company (JOTC) Brazos Midstream Hascol Petroleum Limited Cnergyico Pk Limited Astron Energy (Pty) Ltd. WOQOD (Qatar Fuel) Hascol Petroleum Limited KazTransOil Senoko Energy Kenya Pipeline Company Limited Bharat Oman Refineries Limited Chemie-Tech IGC (Iran International General Contractor) Lake Oil Group Aves A.Ş. OTTCO Oman Société du Pipeline Sud-Européen (SPSE) BABLINK RESOURCES NIGERIA LIMITED PBG S.A. Olimps ISPRL Husky Midstream CPPE Southeast Asia Energy Transfer Sunoco Logistics Columbian TecTank Red Ewald LLC

In an article discussing Oman's Duqm refinery 'Bapco's expansion is expected to affect the country's refined product exports by the third quarter, when its gasoil/diesel production is seen rising by 20% from a year earlier, according to Palash Jain, Middle East downstream analyst at FGE 'Oman's Duqm is also expected to operate some 10% above nameplate capacity by late 2025 and Iran's Siraf refinery is slated to complete commissioning of its 60,000 b/d condensate splitter expansion in the second half of the year, Jain said.' - S&P Global Read the full article here: https://fgner.gy/4ftBiC4 #Oman #MiddleEast #Refinery #OOTT #Oil

📍#LNGShipbuilding📍 ✅ Our company keeps expanding its fleet 🚀 ✅ #AW #Shipping, a joint venture company between #ADNOC L&S and #Wanhua Chemical, has awarded shipbuilding contracts 🤝 worth around 💰1.9 billion to China’s Jiangnan Shipbuilding 🏗 for the construction of nine 9️⃣ very large ethane carriers (VLECs) and two 2️⃣ very large ammonia carriers (VLACs). ✅ According to ADNOC L&S, this is the largest 🏆 order of the joint venture which was established in 2020 to support a 10-year LPG supply contract between UAE and China 🤝. ✅ The newbuilds, slated for delivery from 2025 🎊, are expected to be among the largest ethane and ammonia carriers propelled by energy-efficient dual-fuel engines 🌎. ✅ As disclosed, the VLECs will have a carrying capacity of 99,000 cubic meters 💧 each and can be powered by ethane or conventional fuels 🔥. They are scheduled for delivery between 2025 and 2027 🎊. ✅ Nine VLECs will be deployed on 20-year time charter contracts 🖋, generating revenue of 💰4 billion through 180 years of aggregated contract coverage 🖋. ✅ Each VLAC will have a carrying capacity of 93,000 cubic meters for ammonia 💧 and can be powered by liquefied petroleum gas (LPG) or conventional fuels 🔥. They are scheduled for delivery between 2026 and 2028 🎊. 📌 Source : Abdulkareem Al Masabi #lng #lngindustry #lngshipping #maritime #accidentinvestigation #safety #management 

I worked in Gulf of Suez Petroleum Company or GUPCO in Egypt from 1988 to 2001. This great company still in 2023 has proven remaining oil reserve as shown in the attached file 443-445 MMBO, which can produce average reserve oil rate in 2023 around 133 MBOPD, while the oil production rate in 2023 was around 56 MBOPD or -77 MBOPD below the average rate. The strange here Dragon Oil Company plan is reaching by this company to produce daily oil rate from 68-73 MBOPD only. As shown also in the last slide, this company has possible undrained remaining oil reserve around 130 MMBO, which can rise the average reserve oil rate to 172 MBOPD or 100 MBOPD above Dragon oil plan. This reserve extension can be 1- Bypassed oil behind the water front from aquifer or water injection. 2- Correction for OOIP and Oil Recovery factor. 3- Communications through conductive faults. Beside the above, GUPCO has around 600 MMBO heavy oil OOIP in October field in Northern part from GOS since 1977 without any development yet. We expect really effective and honest investments to develop GUPCO remaining oil reserve. GUPCO is just example from many examples in Egypt companies are producing low oil rate, while remaining oil reserves allow to increase the oil production rate to stop the oil importing and also for oil exporting as I showed many posts about that before.

THE Dangote Petroleum Refinery said it has exported Premium Motor Spirit, PMS, also known as petrol to Cameroon, Ghana, Angola and South Africa.Vice President of Oil and Gas, Dangote Industries Limited, Dr. Devakumar Edwin, disclosed this recently when a delegation from the Japanese Business Community in Nigeria, led by Japan’s Ambassador-designate to Nigeria, Suzuki Hideo, visited the facility. He said: “In recent weeks, we’ve exported petrol to Cameroon, Ghana, Angola, and South Africa among others. Diesel has gone all over the world, and jet fuel is being heavily exported to European markets. Our products are already making their mark internationally.” He said that by leveraging Africa’s vast crude oil resources to produce refined products locally, the Dangote Group aims to create a virtuous cycle of industrial development, job creation, and economic prosperity.Dr. Edwin, explained that the facility is the vision of a Nigerian investor- Aliko Dangote, designed and built by Nigerians, and intended to serve the global market. He said that it is a point of pride that a Nigerian company not only designed but also built the world’s largest single-train refinery complex, adding that Dangote Industries Limited, a Nigerian company, acted as the Engineering, Procurement, and Construction (EPC) contractor for the refinery.Dr. Edwin assured the ambassador-designate and the delegation that the company is open to collaboration, always striving to maintain the best possible standards. He said: “Even now, we have a lot of Japanese equipment inside both the refinery and the fertiliser plant. There are significant opportunities for collaboration, as we always seek the latest technology in any business we engage in. For instance, our cement plant laboratory is managed by robots, and we always embrace advanced technology. With Japan’s focus on technological innovation, there is ample scope for cooperation and for supplying various types of technology.

🌍 Oman’s Petroleum and Petrochemical Revolution: Driving Economic Growth and Innovation** 🚀 Oman is rapidly positioning itself as a leader in the petroleum and petrochemical sectors, leveraging its rich natural resources and strategic location to fuel economic growth and industrial development. 🔹 Petroleum Sector Transformation: With state-of-the-art exploration technologies and sustainable extraction methods, Oman’s petroleum industry continues to expand its global reach. Key players in the market are enhancing production efficiency while meeting international environmental standards. 🔹 Petrochemical Innovation: The petrochemical sector in Oman is thriving, with major investments in downstream industries. This revolution has allowed the country to diversify its economy, reduce dependence on crude exports, and create new opportunities for both local and international players. From refining to producing high-value products like plastics, Oman is becoming a critical hub for petrochemical production in the Gulf. 🔹 Why Oman? - Strategic Location: Positioned between Asia, Europe, and Africa, Oman offers easy access to key global markets. - Sustainable Practices: Oman is committed to adopting greener, more efficient technologies to ensure the future of its energy sector. - Government Support: Strong backing from the government ensures ongoing development and investment in this essential industry. The future of Oman’s petroleum and petrochemical sectors is bright, with innovative projects driving economic diversification and creating new global partnerships. 📊 As the world evolves, Oman continues to be at the forefront of petrochemical advancement and energy innovation. #OmanEnergy #PetroleumIndustry #Petrochemicals #EnergyInnovation #OmanEconomy #SustainableEnergy #DownstreamIndustry #MiddleEastEnergy #GlobalTrade #OmanPetrochemicals #OilAndGas #EconomicGrowth #StrategicInvestment #OmanBusiness

Shiraz Oil Refinery- Nelson Complexity Index The NCI of Shiraz Oil Refinery with a capacity of less than 100KBD with the NCI calculated to be NCI=6.24 is considered as less likely to thrive based on global standards.

The National Oil Corporation has discussed the Tobruk Refinery Development Project with the management of the Arabian Gulf Company. Learn more https://lnkd.in/gS66fuj6 #EnergySector #LibyanEnergy

A lot planned for Baiji in Salah al-Din, much planned for #Iraq in general, the #Oil and #Gas sector but one area booming, Prime Minister Al-Sudani visited the Baiji site yesterday and made a statement, below some of the takeaways from his speech as he inaugurated several areas. “Iraq is making Practical, not theoretical, steps in the matter of diversifying the economy” - Al-Sudani Iraq has started to manufacture and establish refineries, which brings more value and aids market stability. “A country that produces more than 4 million barrels per day cannot continue to import oil and gas derivatives” - Al-Sudani Iraq has made great strides in solving problems, especially in the matter of gas flaring with the practice planned to end by 2028. The strategic Basra-Haditha pipeline will have a capacity of more than 2 million barrels and provide flexibility in the internal transportation of oil. Iraq aims to use a large proportion of the crude oil produced instead of selling it in global markets for use in related oil industries for Iraq’s benefit, to provide job opportunities. Al-Sudani has directed the Ministry of Oil to complete the studies for the petrochemical project and the FCC project in Baiji with the aim to make Baiji the largest oil industrial city in Iraq and the Region. There has also been a push to adopt international standards and environmentally friendly practices with an emphasis on better care for workers by improving their living conditions and providing them with residential housing. Work is going as planned on the integrated southern project, which will establish a power station, refinery and petrochemical plant in one place. The third sector of the Salah El-Din refinery will enhance the refinery’s production capacity and various products, including super gasoline (high octane) by 3.5 million liters a day, liquid gas by 650 tons a day, light gas oil by 3.5 million litres a day, and heavy gas oil by 4,000 tons a day.