London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

Eni proposes building bio-refineries in Abu Dhabi

September 21/2020

MOSCOW (MRC) --  Italys Eni has proposed building bio-refineries in Abu Dhabi, reported Reuters with reference to the energy groups chief executive Claudio Descalzi.

The Italian oil major has been focusing on developing new clean technologies in recent years as it steps up preparations for a decarbonized future.

Technology becomes a bargaining chip to speak a different language...in areas that are oil and gas, Descalzi said in an online conference.

Eni has recently made a series of oil and gas agreements in Abu Dhabi, including buying a 20% stake in ADNOC Refining.

As MRC informed before, Eni has been present in the UAE upstream sector since March 2018 when it was awarded a 10 percent interest in ADNOCs Umm Shaif and Nasr concession and a 5 percent interest in the Lower Zakum concession, followed in November 2018 by the award of a 25 percent interest in the Ghasha Concession, ADNOCs mega offshore sour gas project. On 12 January this year Eni was awarded a 70 percent interest in offshore exploration blocks 1 and 2. In addition to the United Arab Emirates, in the Middle East Eni is also present in Oman, Bahrain, Lebanon and Iraq.

We remind that oil major Chevron is in talks with Italy's Eni over the possibility of selling its stake in the Indonesia Deepwater Development project in offshore East Kalimantan in Southeast Asia.

We also remind that US-based Phillips 66 remains open to developing another ethane cracker for its Chevron Phillips Chemical (CP Chem) joint venture, the refiner's CEO said in March 2018.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's overall PE production totalled 1,712,400 tonnes in the first seven months of 2020, up by 58% year on year. Linear low density polyethylene (LLDPE) accounted for the greatest increase in the output. At the same time, overall PP production in Russia increased in January-July 2020 by 24% year on year to 1,063,700 tonne. ZapSibNeftekhim accounted for the main increase in the output.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, LLDPE, crude and gaz condensate, propylene, ethylene, petrochemistry, ADNOC, Chevron, Chevron Phillips, Eni, Phillips 66, Indonesia, United Arab Emirates (UAE), Russia, USA.
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe