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(Plastemart) -- Foster Wheeler AG's Global Engineering and Construction Group, through a collaborative agreement with Honeywell's UOP, was recently awarded a contract by Oman Refineries and Petrochemicals Co. UOP/Foster Wheeler will provide a basic engineering design package for a solvent deasphalting (SDA) unit at the Sohar Refinery in Oman. The SDA unit is a major part of the Sohar Refinery Expansion Project which will significantly increase the refinery's production of petroleum products such as LPG, naphtha, Jet A-1 fuel, gasoline, diesel and propylene. The SDA unit will be designed to process 2.5 mln tpa of vacuum residue of Oman Export Blend crude to produce Deasphalted Oil (DAO) and asphalt for road bitumen production. The SDA Unit is expected to be on stream in 2015. The terms of the contract were not disclosed. The contract value was included in the company's second-quarter bookings for 2011.
MRC
Oman Refineries and Petrochemicals awards contract for solvent deasphalting
Bharat Petroleum to increase naphtha exports by 12.5%
(Plastemart) -- State-owned refiner Bharat Petroleum Corp Ltd (BPCL) plans to increase naphtha exports by 12.5% to 1.8 mln tons in 2012 when its new refinery ramps up operation. Production has commenced at the Bina refinery, and exports are expected to rise from the current 1.6 mln tons. Bharat Oman Refinery Ltd (BORL), a joint venture of BPCL and Oman Oil Co, started its 120,000 bpd Bina refinery earlier this year, and expects to reach full capacity by end of 2011.
Petronas to build USD 1.6 bln Brunei complex
(Business Times) -- Petronas plans to build a USD 1.6 billion petrochemical complex in Brunei with Germany's BASF, Malaysia's state news agency Bernama reported on Tuesday quoting Prime Minister Najib Razak. No further details on the complex were immediately available. ⌠Both projects will have positive impact on both countries, particularly the job opportunities to be created, Najib was quoted as saying during his annual visit to the oil-rich sultanate.
Jubail refinery to start in December 2013
(Arabian oil and gas) -- Saudi Aramco Total Refinery and Petrochemicals Company (Satorp) expects its new refinery at Jubail in Saudi Arabia to be fully operational in December 2013, the joint venture's chief executive said on Tuesday, according to a Reuters report. The USD 14 billion Jubail facility is part of the Kingdom's plan to almost double its refining capacity.
"Overall Engineering, Procurement and Construction work at the refinery is 68% complete," Fawwaz Nawwab, CEO of Satorp, told reporters in the Saudi capital Riyadh.
Nawwab said that although the refinery was designed to process 400,000 barrels per day (bpd), Saudi Aramco had committed to supply it with up to 440,000 bpd.
India's polyvinyl chloride prices to decline over the next few weeks
(ICIS) -- India's polyvinyl chloride (PVC) prices are expected to continue declining over the next few weeks as a result of weak demand, tightened monetary policy and macroeconomic uncertainty, industry sources said on Tuesday.
Prices in India fell to USD 1,030-1,070/tonne (EUR 762-792/tonne) CFR (cost & freight) India on 9 September, USD 70-90/tonne lower compared with prices two weeks ago, according to ICIS data.
Meanwhile, prices in China fell by USD 30/tonne from two weeks ago to USD 1,050-1,070/tonne CFR China Main Port (CMP) last Friday. In the Middle East, prices fell by USD 30-60/tonne to USD 1,030-1,060/tonne CFR Gulf Cooperation Council (GCC)/ East Mediterranean.
Major Indian producer Reliance Industries Ltd (RIL) has adjusted its domestic list prices downwards by Indian rupees (Rs) 3/kg ($63/tonne) to mirror the decline in import price levels, market participants said.
MRC