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OilMARKET 09 / 2007
PERSON OF THE ISSUE
Semyon Vainshtok Ч Looking into the FutureSemyon Vainshtok Ч Looking into the Future
The end of Semyon Vainshtok's career as president of Transneft, Russian and the world's largest oil pipeline operator took many by surprise. Anyone vaguely familiar with his deeds knows how fundamental was his impact on the development of Russia's crude exports and refining industry was during the two terms of Russia's incumbent President Vladimir Putin. This explains how shocking his decision to goЕ Ђinto Olympic sportї It was very common in the industry to assume, that Vainshtok would leave his job in Transneft no sooner then the end of the two terms of Russia's charismatic leader.
PHOTO OF THE ISSUE
Biofuel may lead to a catastropheBiofuel may lead to a catastrophe
The move to biofuels based on vegetable oils does not look as good as it sounds. It creates a massive market for palm oil, but leaves danger lurking in the shadows in Malaysia and Indonesia. From 1985 to 2000, deforestation to make way for palm oil plantations was the leading cause of losses to tropical forests in the two nations. On the islands of Sumatra and Borneo, palm oil plantations took over 4m hectares of forest.
TOPIC OF THE ISSUE
Kazakhs come to EUKazakhs come to EU
KazMunaiGaz acquired Rompetrol
In late August the Kazakh state energy company KazMunaiGaz stunned the energy world by announcing a 75% acquisition of Rompetrol, the largest private oil company in Romania. The deal size has yet to be officially cofirmed, but is believed to be Euro 2bn, including two refineries and a network of 630 filling stations in Romania, Bulgaria, Moldova, Georgia, Spain and France.
TRANSPORTATION
KazTransOil: Looking into the futureKazTransOil: Looking into the future
Kazakhstan leading oil pipeline operator JSC KazTransOil marked this year 10th anniversary. With April festivities having marked an important milestone in the company development, today KazTransOil Ч one of the key assets of the state holding KazMunaiGaz Ч develops at ever mounting pace, and is solving new important tasks.
LPG
A Baltic WindA Baltic Wind
The Estonian oil trader Letofin Trading is blazing new trails in the Baltic Ч large-tonnage LPG loadings and storage with sales in the Baltic and Scandinavian regions added to the mix of services at the new outlet.
COMPANIES
Eloquent autumn...Eloquent autumn...
As of 11 September, he is the head of the Sochi-2014 Olympic Organizing Committee. Such an unexpected career move by a man who is arguably Russia's most prominent master of oil pipelines may look surprising. But a look at recent history makes it clear there is nothing surprising in the move at all.
COMPANIES
Growing PainsGrowing Pains
Rosneft gets used to being Russia's biggest oil company
Having bought up Yukos' extracting and refining assets, Rosneft has finally achieved its executives' ambitious goals: it is Russia's biggest oil producer. This took the state company three years, but Rosneft has no intention of resting on its laurels. In five years, the company plans to increase oil extraction by about 50%. This means Rosneft will still be in debt for a long time.
COMPANIES
A position of principleA position of principle
One of Ukraine's leading natural gas producers, the Naftogaz Ukrayiny holding subsidiary Chornomornaftohaz, is continuing to develop two of its priority activities: gas extraction in Crimea and improving services of natural gas supplies to the population and enterprises of the Crimean peninsula.
COMPANIES
Playing God At the state levelPlaying God At the state level
State oil companies all over the world are trying to consolidate refining assets. For example, in July Ukraine's state-owned oil firm Naftogaz Ukrainy reclaimed controlling stake (61.346%) in UkrTatNafta refiner, the major owner of 240,000 b/d Kremenchuk refinery. Naftogaz says soon it would regain management of the company and start integrated modernisation of Kremenchuk refinery.
TECHNOLOGY
Gasoline vs. alcohol: the landmark of rivalty sagaGasoline vs. alcohol: the landmark of rivalty saga
The United States of America is the world's largest consumer of motor fuels. World fuel prices depend in great part on reserves in the United States. This has prompted the country to search high and low for alternative fuel technologies.
TECHNOLOGY
Taifun with automatic actuatorTaifun with automatic actuator
Bottom sediment wash-out device for inflammable liquids reservoirs
During long-term storage, fuel liquids (oil, gasoline, kerosene, lubricants, etc) segregate into light and heavy fractions, with conglomerates are deposited on the reservoirs' bottom as both solid and formless structures. In oil storage reservoirs, this means sand, claysubstance and heavy hydrocarbons Ч paraffines, bitumen and asphaltenes. In many cases, such separation distorts or complicates technologic processes, while bottom settings reduce reservoir capacity and boost corrosion process of reservoir bottom.
TECHNOLOGY
LOTIS: Laser Optical Tube InspectionLOTIS: Laser Optical Tube Inspection
System for hydrogen plants of the Johnson Matthey
The steam reformer is the largest and most expensive piece of equipment in hydrogen, methanol and ammonia plants. Due to the arduous operating conditions (the inside pressure of 20 to 40 barg, temperatures up to 1000Ц1100∞C on the outside) the tubes run close to metallurgical limits and suffer creep damage over time.
TECHNOLOGY
A time for clean gasA time for clean gas
At the end of August 2007, the Ukrainian company Robikon supplied a shipment of six FSG-300-6,3/5 LS filters to Georgia for rebuilding the Gardabani gas-distributing station which supplies natural gas to the Gardabani power plant.
TECHNOLOGY
Giant Equipment for Oil and Gas giantsGiant Equipment for Oil and Gas giants
Fleximold developed technology to produce large scale seals
In the oil and gas industry the equipment used tends to be on a large scale. The typical diameter of a swivel stack and some of the connectors used can be two meters /six feet. The seals required for these are beyond the sizes available as standard molded components, and usually the volumes required can never justify production with a dedicated tool.
04 / 2018