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Last updateSun, 04 Feb 2024 4am

Pakistan to build refinery in province Khyber Pakhtunkhwa

As part of the new vision of Pakistan State Oil (PSO) to make the leading public sector company an integrated energy company and with the determination to secure Pakistan energy supply chain, PSO has signed a Memorandum of Understanding (MoU) with the Government of Khyber Pakhtunkhwa (GoKP) for the establishment of a state-of-the-art oil refinery in the province.

The MoU to initiate this landmark project was signed by Additional Secretary, Ministry of Petroleum & Natural Resources, Mr. Naeem Malik; CEO & MD PSO, Mr. Naeem Yahya Mir and Secretary Energy and Power GoKP, Mr. Zaffar Iqbal. Also present on this historic occasion were Mr. Tariq Pervaiz Khan, Chief Minister Khyber Pakhtunkhwa; Mr. Muhammad Yunis Marwat, Minister for Energy & Power, KPK; Mossarat Qadeem, Minister for Information, KPK and other officials of the Ministry of P&NR and GoPK. PSO team members present at the signing ceremony included Mr. Naved Zubairi, SGM-Projects; Mr. Hammad Zafar, GM-Retail Construction & Infrastructure and Mr. Khawar Jilani, GM-Government Relations alongwith others.

As per this MoU, PSO will set up a technologically advanced refinery with a capacity of 40,000 Barrels Per Day (BPD) on about 400 acres of land in district Kohat - Khyber Pakhtunkhwa. The project will be set-up through a public private partnership and will utilize crude oil from nearby indigenous supply sources for production of POL products conforming to Euro IV standards. The multi million Dollar project is expected to be fully commissioned by 2016-17.

Establishment of this refinery will help improve the overall availability of POL products across the country as well as result in sizeable foreign exchange savings for the nation. It shall also increase PSOs operational base through diversification in the midstream segment and lower distribution cost in the related supply envelopes. In addition to these benefits, this refinery will also help create job opportunities for the local populace as well as professionals from various technical backgrounds. It is also expected that substantial foreign direct investment will also take place as a result of this project.

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Control System contract for Yeosu Power Plant Korea awarded to Yokogawa

Yokogawa Electric Corporation announces that its subsidiary, Yokogawa Electric Korea Co., Ltd., has won an order from Korea South-East Power Co., Ltd. (KOSEP), a subsidiary of Korean Electric Power Corporation (KEPCO), to supply control systems for the No. 1 unit of the Yeosu Thermal Power Plant in the city of Yeosu, which is located in Korea's South Jeolla Province.

The Yeosu Thermal Power Plant has been comprised of a 200-MW heavy oil-fired unit and a 329-MW coal-fired fluidized bed (CFB)* unit with a current total capacity of 528 MW. The No. 1 heavy-oil fired unit is going to be replaced with another coal-fired CFB boiler and a steam turbine that will generate 350 MW. The renewed No. 1 unit is scheduled to start operation in November 2015. This order is for a comprehensive range of control and instrumentation including CENTUM® VP integrated production control systems for the power plant's boilers, turbine, and auxiliary facilities as well as engineering and installation. While turbine manufacturers generally also supply the control systems for their products, Yokogawa will be providing the turbine control system for this project.

Yokogawa Electric Korea has recently received many orders for international projects undertaken by Korean engineering, procurement, and construction contractors (EPC), and is a top supplier of control systems in its home market. It was able to win this order because of the high reliability of Yokogawa's control systems, its excellent engineering capabilities, and its comprehensive maintenance services. Encouraged by the success in winning this order, Yokogawa will expand its power business in Korea by offering appropriate solutions to developers of innovative technologies that generate power more efficiently and are environmentally friendly.

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Technip-JGC Consortium awarded the Yamal LNG project in Russia

Technip, leader of a consortium with JGC, has been awarded by JSC Yamal LNG, owned by NOVATEK (80%) and TOTAL (20%), a contract to carry out the engineering, procurement, supply, construction and commissioning of an integrated facility for natural gas liquefaction. The project will start immediately with a phase of detailed engineering, estimation and early procurement.

The facility will have an annual production capacity of 16.5 million tons and will be based on the resources of the South Tambey Gas Condensate field located on the Yamal Peninsula, Russia.  Technip’s operating center in Paris, France will execute the project.

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Linde to build major plant complex for Reliance India

The Linde Group has been awarded a major contract by Reliance Industries Ltd. (RIL) to build several plants to generate and purify gases in Jamnagar, India. Part of the Reliance Group, India's largest private enterprise, RIL specialises in the energy and petrochemicals industries.

'We are delighted to have this renewed opportunity to build upon our long-standing relationship with Reliance,' said Professor Dr Aldo Belloni, Member of the Executive Board of Linde AG. 'Around twenty years ago, we delivered several large-scale hydrogen plants for Jamnagar. Now we are committed to contribute to the expansion of one of the world's key refinery and petrochemical hubs with our air separation and acid gas removal know-how.'

Under the new deal, Linde's Engineering Division will supply four large air separation units (ASUs) for the production of gaseous oxygen. RIL needs massive streams of oxygen for its proposed petroleum coke and coal gasification facilities. To treat the synthesis gas generated during this gasification process, Linde will also deliver two RECTISOL(R) acid gas removal units. Linde will be supplying the license, process design, detail engineering and procurement services for this project. In addition, Linde will build two additional ASUs to supply high-purity oxygen to RIL's ethylene glycol facilities in Jamnagar.

The Linde Group is a world-leading gases and engineering company with around 62,000 employees in more than 100 countries worldwide.

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Chevron and Chubu Electric Sign Wheatstone LNG Agreements

Chevron Corporation (NYSE: CVX) today announced that its Australian subsidiaries have signed binding long-term Sales and Purchase Agreements (SPAs) with Chubu Electric Power Company Inc. (Chubu) for liquefied natural gas (LNG) from the Wheatstone Project in Western Australia.

Under the agreements Chevron, together with Apache Energy and Kuwait Foreign Petroleum Exploration Company, will supply Chubu with 1 million tons per annum (MTPA) of LNG for up to 20 years.

Joe Geagea, president, Chevron Gas and Midstream, said, "Chubu, one of the world's leading LNG customers, is now a partner and customer of the Chevron-operated Gorgon Project. We are pleased to expand the strong partnership between our two companies with these SPAs for Wheatstone LNG."

Roy Krzywosinski, managing director, Chevron Australia, said, "More than 80 percent of Chevron's equity LNG from Wheatstone is covered under long-term off-take agreements with customers in Asia. The agreements demonstrate that Wheatstone is well-placed geographically to meet the Asia Pacific region's growing demand for a safe, reliable and cleaner-burning source of energy."

The Chevron-operated Wheatstone Project is located at Ashburton North, 7.5 miles (12 kilometres) west of Onslow in Western Australia. The project will consist of two LNG trains with a combined capacity of 8.9 million tons per annum and a domestic gas plant.

The Wheatstone Project is a joint venture between Australian subsidiaries of Chevron (64.14%), Apache Energy (13%), Kuwait Foreign Petroleum Exploration Company (7%), Shell (6.4%), and Kyushu Electric Power Company (1.46%), together with PE Wheatstone Pty Ltd. (part owned by Tokyo Electric Power Company, 8%).

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