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OilMARKET 11 / 2007
TOPIC OF THE ISSUE
Kyivtransgaz: aiming highKyivtransgaz: aiming high
Ukraine's oldest trunk gas pipeline operator, Kyivtransgaz, turned the 59th page of its rich biography on 17 November. The company, which is a subsidiary of Ukrtransgaz, in turn a subsidiary of Naftohaz Ukrayiny, began its 60th year of development. And the date stands out. The wheels of time turn every 12 years in the East, and they say you can judge a person's fate when the wheel turns the fifth time.
PERSON OF THE ISSUE
TANECO General Director Khamza BagmanovTANECO General Director Khamza Bagmanov
There is money for the project!
As TANEKO General Director Khamza Bagmanov stated during his presentation 12 November at the Strategy of Unifying conference, his company inked an agreement with BNP Paribas bank for a $2bn credit line. This sum, together with $600mn the company attracted earlier from Tatneft and funding from the Russian Investment Fund, gives the operator of the Nizhnekamsk petrochemicals complex enough financing to carry out the first stage of its plans to build its operations at Nizhnekamsk.
PHOTO OF THE ISSUE
Volgoneft-139 spills in the Black seaVolgoneft-139 spills in the Black sea
Officers in the Ukrainian Emergency Situations Ministry clean up fuel oil along the seacoast of the Tuzla sea point near Crimea on Tuesday 13 November 2007. The ministry reported that on 13 November, two oil slicks 1 km long and 200 meters in width were sighted in the Azov Sea and noted birds were dying in the oil spill along the shore. Despite the cleanup operations underway, the oil was already setting to the bottom of the sea, threatening fish. The Kerch strait is the main thoroughfare for fish migrating from Black Sea to the Azov Sea. Besides the danger of fuel oil, sulfur is threatening wildlife Ч seven tonnes is lying on the sea bed. On Sunday, 11 November, a storm at the Kavkaz port broke the Volgoneft-139 oil tanker. About 3,000 tonnes of fuel oil spilled into the water.
EXPLORATION AND PRODUCTION
Peaking inside the barrelPeaking inside the barrel
Oil remains the main source of energy
The hydrocarbon map of the world is complicated and contradictory. In commenting on it, the prophets and oracles of oil are not always objective. In this article we will use sources from the most authoritative of companies. The editorial board does not always share the opinions of these experts, but being democratic we feel obliged to provide the reader with a range of different points of view. And let the reader himself draw the conclusions.
REFINING
Top scenarios for Russian oil refineries modernizationTop scenarios for Russian oil refineries modernization
An effective way of finding place for high value oil and
Global trend for ecologically clean motor fuels consumption and the growing use of alternative energy sources have forced the leading companies in USA and Western Europe (What about Eastern European refineries in Leuna, Kralupy, Schvedt, Mazejkiai? may be better say in EU?) to pump in significant investments into modernization of existing oil refineries. The objective was to deepen oil processing with the implementation of advanced technologies, increasing quality motor fuels and petrochemical products output.
DOMESTIC MARKET
Pressure on independent motorfuel retailersPressure on independent motorfuel retailers
The price of gasoline in Russia steeply grows
This autumn, gasoline prices in Russia began rising sharply. This mostly concerned wholesale prices, but even retail prices at the pump began inching upwards. This rise in prices is driven by the rise in world oil prices and maintenance at a number of oil refineries that lowered volumes of oil product output (and hence increased prices for them).
NATURAL GAS
Read it before flaringЕRead it before flaringЕ
APG utilization still raising questions
Time of petroleum gas flares is passing by. Oil-field companies have to recover the associated petroleum gas (APG) or to burn it and pay big penalties. Particularly, he plans are to increase the flare penalties by stages starting by 2008. By 2011 gradual increase of penalties will make the associated APG flares non-profitable for the companies. Thus, they would have to process it or to store it in the special storages. The government considers such measures enabling the increase of APG processing up to 95 percent by 2011.
NATURAL GAS
Welcome to reality worldWelcome to reality world
Ukraine's leading energy sector figures have accused the government of allowing short-term political expediencies to prevent the development of the country's energy potential and scare off desperately needed international capital.
NATURAL GAS
Gazprom calls the DutchGazprom calls the Dutch
Gazprom is enlarging the number of companies participating in its ambitious Nord Stream project. Besides subsidiaries of the German BASF and E.ON concerns, the Netherlands' Gasunie has partnered with the Russian gas giant to build Nord Stream and now had 9% in the project. Despite possible complications in agreeing the project, Nord Stream participants are confident it will become operational on schedule.
COMPANIES
In the face of new realitiesIn the face of new realities
The growing demand for oil and oil products supplied by tankers is being reflected in the active construction of new tankers at the wharfs of a number of countries. America's ABS sea-faring bureau data predicts that by 2016 the following types of tankers will be added to the tanker fleet
COMPANIES
Under state controlUnder state control
The conditions for using gas supply systems
A decision by the Ukrainian Fuel and Energy Ministry to transfer gas distribution networks was made based on the objective need to strengthen state control over the effective use of the network and over investments into renewing and modernizing them.
TECHNOLOGY
A nozzle from SPIGA nozzle from SPIG
Technology for solving complex modernization problems and repairing cooling towers at industrial enterprises
The problem of repairing and renewing a cooling tower park has recently become an acute issue faced by specialists in various enterprises of the oil and petrochemicals complex. Developing such production requires improving the reliability and depth of circulating water volumes cooling in cooling towers. Modern technology demands far more reliable removal of the necessary amount of heat. At the same time, the enterprise must resolve the issue of raising the environmental and economic efficiency of cooling tower equipment and the manufacturing process overall Ч lowering water loss with a moisture container, lowering energy consumption and the noise level to levels defined in sanitary norms and regulations.
03 / 2018