Posts Tagged ‘Taiwan’

Qatar Petroleum Ras Laffan Refinery phase 2 at last round negotiations

Technip completed FEED for Ras Laffan Refinery Expansion project Since Technip completed the  front end engineering and design (FEED) contract the Ras Laffan Refinery Expansion project is moving into its final bidding phase for the engineering, procurement and construction (EPC) contract with only four companies still in the competition such as selected by Qatar Petroleum (QP) and […]

Read more

Versalis takes ground on Asia-Pacific to go global

After Petronas Rapid joint venture Versalis go to China On April 2012, the Italian national oil company Eni decided to rename its chemical branch Polimeri Europa into Versalis. Beyond the branding operation, Eni intends to go global with its Europe centric chemical business to benefit from the high growth in […]

Read more

Sabic Al Jubail Polyacetal project at final bid

Ibn Sina to move ahead in high performance chemicals Saudi Basic Industries Corp (Sabic) and its partners in Ibn Sina joint venture, Celanese Corp (Celanese) and Duke Energy Corp., have decided to reactivated the Polyacetal (POM) project in Al Jubail Industrial City, Saudi Arabia. Ibn Sina is the common name […]

Read more

ExxonMobil hits gas in Phu Khanh basin offshore Vietnam

Acquired blocks from BP offshore Vietnam smile to ExxonMobil  ExxonMobil acquired the blocks 117,118 and 119 offshore Da Nang on central Vietnam coast in the Phu Khanh Basin from BP in 2009. At that time BP managed to extract gas from these fields but with high content of hydrogen sulfide […]

Read more

“EEZ”

Definition EEZ is the acronym of Exclusive Economic Zone EEZ defines the maritime area of 200 nautical miles distance (370 km)  from the coast baseline where each state is entitled to empower its sovereign rights. Comments The legal definition of the EEZ was given in 1982 by the United Nation […]

Read more

Taiwan to invest $3.3 billion to upgrade Petrochemical Industry

Taipei spots Petrochemicals as a strategic sector December 2011 – In an effort to maximize the economic value of petrochemical materials and minimize carbon emission, the Ministry of Economic Affairs (MOEA) of Tawain set up the  High Value Petrochemical Industry Promotion Office (PIPO) with the missions to:  – Establish R&D centers  – Form information […]

Read more

Take-or-Pay Contract

Definition “Take-or-Pay Contract” is one of the three most used LNG contracts type, see comments below. Take-or-Pay Contract are written agreements between a buyer and seller that obligate the buyer to pay regardless of whether or not the seller delivers the good or service. Generally, this obligation to pay does not […]

Read more

JCC Contract

Definition “JCC” is the acronym of Japanese Crude Cocktail or more formally Japan Customs-cleared Crude. This Japanese Crude Cocktail results from a basket of the most traded crude oils to be used as the reference price for long-term supply LNG Contracts. Japan created the JCC Contracts  after the first oil shock, in the early […]

Read more

The $1 billion Luberef Yanbu Lube Oil Refinery on Bidding

Luberef stands for the Saudi Aramco Lubricating Oil Refining Company created by Saudi Aramco and ExxonMobil. But since 2007, Luberef is a 70/30 joined venture between Saudi Aramco and Jadwa Investment to operate lube oil refineries in Yanbu and Jeddah. With Jeddah and Yanbu refineries, the total Luberef actual capacity […]

Read more
payday loans online. This is a permit to the world of pleasure and the lasting sex. Cialis Super Active online is a drug, the quality level of which is determined by its action speed.