|PERSON OF THE ISSUE|
As always, our riches let us down
The 7th annual oil and gas conference brought the world a multitude of varied opinions. Among them the presentation on problems in the oil and gas complex by Anatoliy Dmitriyevskiy, the director of the Russian Academy of Sciences oil and gas institute, is worthy of mention. The best minds of Russian academic sciences have drafted a strategy for innovative development of the country's resource economy which envision more effective use of resources and innovative potential by changing priorities from producing raw materials to refining depth.
|PHOTO OF THE ISSUE|
Juan Grimont, 45, symbolically crucifies himself during a protest demanding Venezuela's state oil company Petroleos de Venezuela, PDVSA, to renew the annual contract of some 56 workers in Caracas, Wednesday, July 22, 2009. Venezuela's state oil company said Wednesday it's still negotiating payment for a slew of companies nationalized in May, but has absorbed the majority of those companies' workers.
|TOPIC OF THE ISSUE|
|The riches that need innovation|
Moscow hosts the 7th annual oil and gas congress
Following the tradition of many years, the 7th annual
oil and gas congress was held 23–25 June in the
Moscow Expo Centre. The forum brought together
hundreds of specialists in the oil and gas sector from Russia, the CIS and beyond. Participants included
scientists, company and enterprise leaders, engineers
and managers and members of the press.
|EXPLORATION AND PRODUCTION|
|The question of price|
Gazprom is enduring difficult times, but still hoping for the best
The drop in demand for energy resources during the world crisis has been more of a problem for the Russia's «national treasure» Gazprom than it has been for the country's oil companies. In light of the double-digit drop in the percentage of gas production, the halving of Russia's share on the European gas market and an expected $25bn decrease in export revenue, a year ago top-managers at Gazprom were hardly likely to have foreseen the company's position today. However, the monopoly's leaders are cautiously optimistic about the future — the second half of the year should be more successful for Gazprom.
|The Kenkiyak-Kumkol oil pipeline is close to the start of shipments|
KazStroyServis has completed construction of the Kenkiyak-Kumkol pipeline on time. CNPC-Aktobemynaygaz, the Kazakhstan-Chinese JV, has started on 11 July filling the pipeline with 600,000 t of crude. Commercial deliveries are supposed to begin in October. Loading the pipeline will free export capacities on the Atyrau-Samara and Aktau-Makhachkala-Novorossiysk exports routes via Russia.
Romania's Petromidia refinery turns 30, finalizes deal with KazMunaiGaz
At the beginning of July, former and current executives from Rompetrol Holding S.A. and KazMunayGaz came to the Romanian port of Navodari (near the large port of Constanta), to congratulate employees at the Petromidia refinery with the facility's 30th anniversary. Petromidia is one of the best refineries on the Black Sea area and is continuing to successfully grow and develop. The OILMARKET attended in early July one of the latest events of Petromedia history: during the celebration the Romania's Rompetrol had finalized the acquisition deal with Kazakhstan state company KazMunaiGaz. The KazMunaiGaz representatives had reiterated their intention to continue Petromidia development: upcoming projects will be aimed at increasing refining capacity and improving the quality of its oil products.
|Kremenchug refinery inks cri/criterion to do diesel hydrotreatment work|
At the beginning of July, Ukraine largest 240,000 b/d refinery Ukrtatnafta in Kremenchug inked an agreement with CRI/Criterion Company Ltd. and Shell Global Solutions Eastern Europe B.V. under which the companies will supply internal reactor parts manufactured under Shell technologies and modern, highly active Criterion catalytic systems for two diesel fuel hydrotreatment units.
|Building up mini-refining segment|
In the previous issue of OILMARKET magazine we published an overview of a successful conference on mini refining in Russia and in the countries of the former Soviet Union, organized by Vostock Capital in Moscow. The urgency of the problems and the conference agenda would not be properly covered without mentioning the opportunities created for projects operators by innovation technologies. This in particular is true in case with modular mini-refineries technologies developed by Ventech.
OILMARKET met with Yulia Tskhvediani, representing in the former Soviet Union Ventech, arguably the world leader in developing modular refining technologies.
|TNK-BP reports on first half 2009|
On 28 July, TNK-BP reported the results of its activities for the first half of 2009. Its net profit was $2bn and that oil and gas production rose 3.1%.
|BROTEP-EKO's new polyether coolers boost sales|
Engineering company Brotep-Eko (Brovary, Kyiv Region, Ukraine) enjoys this year growing sales of a new type of cooler, designed for oil and gas enterprises. The new models are based on modified type of cooling towers Vinds which are resistant to direct contact with corrosive environments.
|The new Compabloc 120 heat exchanger|
Alfa Laval launched in June serial production of a new Compabloc 120 compact plate heat exchangers. The new equipment is extending the Compabloc line.
|Field management systems as integrated parts of the Gazprom recovery system|
Automated project systems (APS) and automated technical parameter management systems (ATPMS), which are based on mathematic modelling, appeared at the end of the 1950s. Computers, which began rapidly developing at that point, became the instrument used to further modelling in practically all areas of science and technology including in the Soviet Union. This was the case foremost in rocket science. Today it is hard to imagine studying any process or the management of any process, including designing units and equipment, without modelling and optimization systems.