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Two crude oil traders to leavet ExxonMobil team in Singapore next month

May 20/2021

MOSCOW (MRC) -- Two senior crude oil traders will be leaving ExxonMobil Corp"s trading team in Singapore next month, reported Reuters with reference to sources familiar with the matter.

Ruddin Dhilawala will join Norwegian energy major Equinor, while Edward Ang will go to Hengyi Petrochemical, which runs a refinery in Brunei, the sources said.

Exxon Mobil said it does not comment on personnel matters. Equinor and Hengyi did not respond to requests for comment.

Dhilawala and Ang declined to comment.

As MRC informed previously, Sinopec Engineering (Group) and ExxonMobil (Huizhou) Chemical (EMHCC) have just entered into a BEPC (basic design, engineering, procurement and construction) contract for the proposed Huizhou Chemical Complex Project (Phase I). The main units of the project include a 1.6 million tonnes/year ethylene flexible feed steam cracker, downstream polymer and derivative units and utilities. The main product units include two performance polyethylene (PE) lines and two differentiated performance polypropylene (PP) lines.

Ethylene and propylene are the main feedstocks for the production of PE and PP, respectively.

According to MRC"s ScanPlast report, Russia"s estimated PE consumption totalled 576,270 tonnes in the first three month of 2021, up by 4% year on year. Low density polyethylene (LDPE) and high density polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers increased.

ExxonMobil is the largest non-government owned company in the energy industry and produces about 3% of the world"s oil and about 2% of the world"s energy.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, PP block copolymer, homopolymer PP, propylene, LDPE, HDPE, ethylene, petrochemistry, Exxon Mobil, Sinopec, Brunei, China, Norway, Russia, Singapore.
Category:General News
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