Eaton to supply the Sadara chemical complex with electrical equipment

MOSCOW (MRC) -- Diversified industrial manufacturer Eaton has entered into an agreement with Sadara Chemical Company (Sadara), a joint venture between Saudi Aramco and The Dow Chemical Company, to supply motor control, power distribution solutions and engineering services, reported the company in its press release.

Under the multimillion dollar agreement, Eaton will provide equipment and services to enhance the overall reliability and safety of Sadara’s world scale, fully integrated chemical complex currently under construction in Jubail Industrial City, Saudi Arabia.

The Sadara complex will be the world’s largest integrated chemical facility ever built in a single phase. It will produce more than three million metric tons of value added chemicals and plastics to serve the rapidly expanding energy, transportation, infrastructure and consumer products sectors.

As MRC informed previously, Rolta India announced in mid-July 2013 that it had been awarded a multimillion USD contract from Sadara Chemical Company to implement a comprehensive engineering system at its complex. The project will be managed by a global Rolta team working out of the United States, India and Saudi Arabia, and will be completed by late 2014.

The Sadara complex, which will have 26 manufacturing facilities, is claimed to be the world's largest petrochemical facility ever built in a single phase and will manufacture more than three million tonnes of chemical and plastics products. The complex is expected to serve the emerging markets of Asia Pacific, the Middle East, Eastern Europe and Africa. The joint venture between Saudi Aramco and The Dow Chemical Company Sadara Chemical Company will build, own and operate an integrated chemicals complex in Jubail Industrial City II, Saudi Arabia. It will produce ethylene, propylene, polyethylene, low density polyethylene, elastomers, amines, propylene glycol, polyether polyols and isocyanates.

Eaton’s electrical business is a global leader with expertise in power distribution and circuit protection; backup power protection; control and automation; lighting and security; structural solutions and wiring devices; solutions for harsh and hazardous environments; and engineering services.
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MOSCOW (MRC) -- China's largest oil and gas firm PetroChina Company Limited has announced that its board of directors has appointed Wang Donjin to replace Zhou Jiping as president of the company, reported the company on its site.

"The Board is pleased to announce that Wang Dongjin was appointed as the president of the Company. The above appointment took effect July 28. Zhou Jiping ceased to hold the position of the president of the Company from the same day, and only remained in the position of the chairman of the Board," PetroChina said in a press release.

Wang, aged 51, was deputy general manager at China National Petroleum Corporation (CNPC), a position he assumed in September 2008. Prior to that, he was Assistant to the General Manager of CNPC and deputy chairman and general manager of China National Oil & Gas Exploration and Development Corporation (CNOGEDC).

The new president of Petrochina also had a spell working oncurrently as general manager of CNPC International (Kazakhstan) Ltd. as well as Aktobe Oil and Gas Co, Ltd. Wang, who has a doctorate in engineering, has over 30 years of working in China’s oil and gas industry, 16 of which were related to international business.

We remind that, as MRC wrote earlier, recently China-based oil and gas company, PetroChina Company, and INEOS Group, a UK-based chemicals group, have formed trading and refining joint ventures (JV) between PetroChina International (London) Company and INEOS Investments (Jersey). The JVs have been formed to manage the trading and refining operations at INEOS' Grangemouth refinery in Scotland and Lavera refinery in France. PetroChina paid USD1.015bn in cash for the shares in the joint ventures.

PetroChina Company Limited is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation (CNPC), headquartered in Dongcheng District, Beijing. It is China's biggest oil producer. The company has 3 major segments: Exploration and Production of crude oil and natural gas; Refining and Marketing of crude for distribution and sales as consumable products; and finally, the Chemicals and Marketing arm that produces and markets a wide array of basic petrochemical and derivative products.
MRC

MOSCOW (MRC) -- INEOS Technologies announced that it has been chosen to provide the Innovene PP process to Oriental Energy Company Limited based in Nanjing for its subsidiary, Ningbo Fuji Petrochemical Company Limited, said Yourpetrochemicalnews.

The unit, to be built in Ningbo, Zhejiang Province, will take propylene from the upstream propane dehydrogenation process and produce 400kta of polypropylene resins including homopolymers, random copolymers and impact copolymers.

"Oriental Energy Company is embarking on an ambitious expansion program what would make it one of the major players in the market for olefins and polyolefins in China. We are pleased that the company has chosen to select us as technology provider to serve the important Eastern China market. The Innovene PP process is ideal for this facility as it provides proven technology and products already widely accepted in the China market", commented Peter Grant, Business Director of INEOS Technologies

As MRC wrote before, Chinese Company CNOOC has selected INEOS Technologies Innovene S HDPE process for their new project in Huizhou, Guangdong Province, China. The 400 KTA Innovene S HDPE plant will produce a wide range of polyethylene grades to serve the growing HDPE demand in China. These grades include commodity grades made from Ziegler and Chrome catalysts as well as specialty grades such as bimodal PE 100 pipe products.

INEOS Technologies licenses world class petrochemical technologies for polymers and key petrochemical building blocks, and supplies the catalysts, additives and coatings that its customers require to obtain the best possible performance from their investments.
MRC

MOSCOW (MRC) -- German petrochemical company Ferrostaal Industrial Projects GmbH and Jakarta-listed PT Chandra Asri Petrochemical, the country’s largest petrochemical producer, have agreed to work on studies for the development of a petrochemical plant, according to Plastemart.

Under an agreement, Ferrostaal and Chandra Asri will develop a methanol-based olefin production complex in Teluk Bintuni in West Papua, with a total investment amounting to USD1.89 billion.

The complex is expected to produce up to 400,000 tonnes of polypropylene and 175,000 tonnes of ethylene annually.

However, the project is dependent on feasibility studies as well as gas allocation and prices from the Energy and Mineral Resources Ministry. Ferrostaal and Chandra Asri will cooperate with the Industry Ministry on the feasibility studies.

Gas supply for the complex is expected to be provided by the Tangguh liquefied natural gas (LNG) plant also in West Papua.

Both Ferrostaal and Chandra Asri have not determined the allocation of their relative share-holdings in the putative joint venture that would work on the planned project. The production complex is expected to be ready for operation by 2019.

We remind that, as MRC wrote previously, state energy firm Pertamina is abandoning a deal with Chandra Asri Petrochemical to establish a joint venture to build a petrochemical plant. In December 2012, Pertamina and Chandra Asri signed a memorandum of understanding to perform a feasibility study for building a petrochemical facility. The agreement was predicated on the establishment of a joint venture.
MRC

MOSCOW (MRC) - British police are investigating a money-laundering allegation related to a big oil field bought by Shell and ENI from Nigeria for USD1.3 billion (846.46 million pounds), after most of the cash they paid ended up in a company linked to a former Nigerian oil minister, said Reuters.

The probe concerns offshore block OPL 245, which industry sources say contains up to 9.23 billion barrels of crude – more than enough to keep China running for two and a half years – the ownership of which had been in dispute for more than a decade.

"The proceeds of crime unit is investigating a money-laundering allegation in the UK in connection with OPL 245. The investigation is at an early stage," a UK spokesman said.

Transparency campaigners, who asked the UK to look into the matter, assert that Shell and ENI used the Nigerian government as a go-between to obscure the fact that they were dealing with former oil minister Dan Etete, who also has a 2007 money-laundering conviction in France related to bribes he was alleged to have taken when in government.

In his capacity as oil minister, Etete awarded block OPL 245 in 1998 for a payment of just $2 million to Malabu Oil and Gas, a company in which he played a prominent role.

The critics claim that Shell and ENI, which haven't been accused of any legal wrongdoing, wanted to distance themselves from Etete given his reputation and his involvement in the original award of the oil block to Malabu.

A Shell spokesman told Reuters it had purchased the block from the government, making no payment to Malabu, and that it acted transparently and in accordance with Nigerian law.

As MRC wrote before, Shell Oil has agreed to spend at least USD115 million to cut harmful pollution at a Houston-area refinery. The oil giant will also pay a USD2.6 million civil penalty under the settlement announced Wednesday. Shell settled with the US Environmental Protection Agency and the Department of Justice after it was accused of violating the federal Clean Air Act.

Eni S.p.A. is an Italian multinational oil and gas company, present in 79 countries, and currently Italy's largest industrial company with a market capitalization of 87,7 billion euros (USD138 billion), as of July 24, 2008.The Italian government owns a 30.3% golden share in the company, 3.93% held through the state Treasury and 26.37% held through the Cassa depositi e prestiti. Another 2.29% of the shares are held by BNP Paribas group.

Royal Dutch Shell plc is an Anglo-Dutch multinational oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the biggest company in the world in terms of revenue and one of the six oil and gas "supermajors". Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.
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