Tribune Trends’ Post

China's Sinosure has committed $1 billion in financing for Pakistan Refinery Limited’s (PRL) expansion project, doubling its crude processing capacity from 50,000 to 100,000 barrels per day. During Petroleum Minister Musadik Malik's recent visit to China, Sinosure assured funding after due diligence and the appointment of an EPCF contractor. The $1.7 billion Refinery Expansion & Upgrade Project (REUP) will implement cutting-edge technology to produce EURO V fuels, improving PRL’s efficiency and environmental compliance. This initiative aligns with Pakistan’s energy infrastructure goals under the brownfield refinery policy. #PRLExpansion #EnergyInfrastructure #Sinosure #PakistanEnergy #EUROV #RefineryUpgrade

Aramco, Sinopec, and Fujian Petrochemical have commenced construction of the Gulei phase two #petrochemical project in China, set to be operational by 2030. The project underscores Aramco’s strategy to expand refining and petrochemical investments in China, aligning with broader Saudi-Chinese cooperation in energy and infrastructure. #Petrochemicals #Saudi #China

🚀 **Sinopec & Aramco Break Ground on $10B Refinery & Petrochemical Complex in Fujian, China** 🚀 Sinopec and Saudi Aramco have officially started constructing a major refinery and petrochemical complex in Fujian province, marking a significant investment in China's booming petrochemical sector. The $9.82 billion project, located in Gulei Industrial Park, includes a 16 million tons per year refinery, a 1.5 million tons per year ethylene plant, and a 2 million tons per year paraxylene facility. 🔑 **Key Highlights:** - **Total investment**: ¥71.1 billion ($9.82B) - **Capacity**: 320,000 bpd refinery, 5 million tons of petrochemical feedstock annually - **Ownership**: Sinopec & Aramco each hold 25%, with the Fujian government JV holding 50% - **Operational by 2030** This joint venture is part of Aramco's strategy to expand its downstream business in China, with plans to supply 1 million barrels per day of crude oil for oil-to-chemicals projects. The Gulei expansion also follows Sinopec's ongoing investments in ethylene complexes across China. Source:OGN #infibite-industrial-solutions #Sinopec #Aramco #Petrochemicals #Refinery #China #Investment #Fujian #Energy #Oil #Ethylene #Downstream #GlobalPartnerships #SABIC #Gulei #OilAndGas #Offshore #EnergyInfrastructure #Engineering #Procurement #Construction #supplier #pipes #fittings #flanges #valves #engineering

Angola’s Cabinda Refinery is on track to begin production by April 2025, with its first phase delivering 30,000 bpd of refined Angolan crude. This project aims to reduce Angola's reliance on costly fuel imports, which currently account for nearly all refined products consumed domestically. In its initial phase, the refinery will export fuel and naphtha while supplying local markets with diesel and jet fuel. Phase two will boost capacity to 60,000 bpd with advanced hydrocracking capabilities, further bolstering Angola’s energy independence. Idongesit Koffi Okey Umeano Alwani Chandra prakash Uju Paulcy Rainer Dzoesch M.A. Reuben Nyam Ikechukwu Promise Obialor Petlong Dakhling Oveh Kpason Follow The African Energy Council for more energy news #OilAndGas #aecouncil #Angola #CabindaRefinery #EnergyIndependence #AfricanEnergy #Diesel #JetFuel #RefineryProject #FuelEconomy #EnergyInfrastructure #OilandGasIndustry

The Board of Management of Pakistan State Oil Company Limited (PSX: PSO) has approved the signing of a Sale Purchase Agreement (SPA) with the State Oil Company of Azerbaijan Republic (SOCAR). In a notice to the Pakistan Stock Exchange (PSX) on Thursday, PSO confirmed that the Ministry of Energy (Petroleum Division) informed the company on December 3, 2024, that the Economic Coordination Committee (ECC) had approved the SPA, which was then ratified by the Federal Cabinet. The Ministry also instructed PSO to arrange the signing of the SPA with SOCAR as soon as possible. The notice further stated that PSO’s Board had approved the SPA with SOCAR, and the signed agreement was received from SOCAR on December 24, 2024. The agreement's execution will take place in due course. As per earlier reports, the agreement will see Azerbaijan supply petroleum products to PSO on credit through SOCAR under a long-term arrangement. . . . . . . . . #InitiateMagazine #Initiate #Initiator #PSO #SOCAR #SalePurchaseAgreement #PetroleumProducts #EnergySector #Azerbaijan #PakistanEnergy #FuelSupply #LongTermAgreement #EconomicCoordinationCommittee #PSX #FederalCabinet #EnergyPartnership #OilAndGas #PetroleumDivision #SustainableEnergy #FuelMarketing #InternationalAgreements #EnergyCollaboration #GlobalTrade #AzerbaijanPakistanRelations

The CEO of Gemcorp Holdings announced that Angola’s Cabinda oil refinery, the nation’s second, is slated to start production by April 2025, with the first fuel supplies reaching the local market in March. The project, 90% owned by Gemcorp and 10% by Sonangol, will refine 30,000 barrels per day of Angolan Cabinda crude, reducing Angola’s dependence on fuel imports as it targets subsidy cuts. Phase two will double capacity and add diesel and jet fuel production. Rising costs pushed phase one investment to around $550 million, with funding for the next phase under review for a decision by mid-2025.    Carla Dias Dias Michael Way Rainer Dzoesch M.A. Victoriano DA SILVA Ognim Geraldo Idongesit Koffi Martin Camara Okey Umeano Oveh Kpason Reuben Nyam Dakim Dung Ikechukwu Promise Obialor Follow The African Energy Council for more energy news #OilAndGas #aecouncil #Energy #Angola #CabindaRefinery #CrudeOil #Refinery #EnergySector #AfricanEnergy #FuelProduction #Sonangol #EnergyInvestment #OilRefining #FuelSupply #EnergyInfrastructure

Pakistan Petroleum Limited (PPL) has made a significant discovery of gas and condensate at its Pateji X-1 exploration well, located in the Shah Bandar Block in Sujawal District, Sindh. This achievement marks the company’s third consecutive hydrocarbon find in the region, highlighting its successful exploration efforts. Drilled to a depth of 2,475 meters in October 2024, the Pateji X-1 well targeted the Upper Sands of the Lower Goru Formation. Initial testing revealed promising results, with a production rate of 11.7 million standard cubic feet per day (MMscfd) of gas and 198 barrels of condensate daily, accompanied by a flowing wellhead pressure of 2,578 psig. The project is a collaborative effort involving joint venture partners Mari Petroleum, Sindh Energy, and Government Holdings. This discovery not only strengthens Pakistan’s energy sector but also reduces the country’s dependence on imported fuel, providing a much-needed boost to domestic energy supplies and contributing to economic resilience. #EnergyDiscovery #Hydrocarbons #PakistanEnergy

Formosa Petrochemical cooperation is set to lower run rates at its 540,000 bpd Mailiao refinery in the first quarter of 2025 due to planned maintenance. #refinery #refining #downstream #crudeoil #crude #crudedistillation #runrates #cuts #maintenance #turnaround #shutdown #taiwan #eastasia #asia #asiapacific #apac

Nigerian government approves the establishment of a 10,000-barrel refinery in Delta State Approval given to MRO Energy Limited for the construction of the refinery in Delta State Nigeria aims to increase domestic refining capacity to tackle economic and security implications of exporting crude oil

NEW JET FUEL FACILITY UNDER CONSTRUCTION Kumul Petroleum Holdings Limited (KPHLs) contractor and China Petroleum Pipeline Engineering, a subsidiary of China National Petroleum Company has begun construction on a Jet A1 fuel import and storage facility at a site adjacent to the Motukea wharf in Port Moresby. Read more:https://lnkd.in/gjiXKvAp #EMTVOnline