Turkish paraxylene imports up 116% on year in August

MOSCOW (MRC) -- Turkey's imports of paraxylene (PX) increased by 116% on year to 12,938 mt in August, compared with 5,985 mt in the same month last year, the latest Turkstat data showed, reported Apic-online.

The August total decreased by nearly 6% from 13,721 mt in July.

The increase on the year was largely due to volumes inflow of 7,739 mt from Israel in August, whereas it had shipped none in the same month last year. Israel also retained the leading position among exporters in August, although it was largely unchanged from 7,732 mt in July.

Turkey's other PX supplier, the Netherlands, however had a monthly decrease in exports of around 13% to 5,199 mt in August, compared to 5,989 mt in July. August exports were also down from 5,984 mt twelve months ago.

Turkey is a net importer of xylenes, with negligible export volumes across all xylene isomers throughout the year, according to Turkstat.

We remind that, as MRC informed previously, global PX demand is estimated to exceed 62.98 mln tons at a CAGR of 7% from 2015 to 2022, as per Grand View Research, Inc. Growing utilization of purified terephthalic acid (PTA) for polyester production, particularly in Asia Pacific is expected to fuel growth in paraxylene market over the forecast period. The global PX market is anticipated to reach USD66.93 bln by 2022 owing to increasing demand for fiber and polyester resin in numerous end-use applications across various industries. Growing utilization of purified terephthalic acid (PTA) for polyester production, particularly in Asia Pacific is expected to fuel growth in paraxylene market over the forecast period.
MRC

BP and Area 4 partners sign LNG SPA for Mozambique

MOSCOW (MRC) -- BP and the Area 4 concession partners, Eni East Africa (EEA), Galp Energia (Galp), Kogas and Empresa Nactional de Hidrocarbonetos (ENH), entered into a sales and purchase agreement for BP to purchase 100% of the LNG produced by the EEA-operated Coral South FLNG facility expected to be installed offshore Mozambique, said Hydrocarbonprocessing.

The agreement covers the purchase of LNG for over 20 years. The agreement, which has been approved by the government of Mozambique, is conditional on the Final Investment Decision (FID) being taken for the project, which is currently expected by the end of 2016. The Coral South Floating LNG facility is expected to have a capacity above 3.3 MMtpy.

BP will use LNG from the contract to help meet its global supply commitments.

As MRC informed earlier, ExxonMobil and its partners BP and ConocoPhillips have decided not to move forward with their JV, Alaska LNG, as they believe that current market conditions make the project unprofitable. The project is estimated to cost USD45 B-USD65 B.

BP is a leading producer of oil and gas and produces enough energy annually to light nearly the entire country for a year. Employing about 17,000 people across the country, BP supports more than 170,000 additional jobs through all of its business activities.
MRC

Fire extinguished at Cilacap refinery of Pertamina

MOSCOW (MRC) -- A fire at Pertamina's Cilacap refinery in Indonesia that occurred shortly after midday Wednesday has been extinguished, officials at the state owned energy company said, reported Reuters.

The fire started during maintenance to an asphalt tank that was being emptied and may have overheated, Pertamina Refineries Director Rachmad Hardadi told Reuters.

"It did not spread," and did not affect the refinery's normal operation, Hardadi said.

The fire had been sprayed with foam and had been extinguished, Hardadi said.

As MRC informed previously, ndonesian state energy company Pertamina expects to sign a JV agreement with Russian oil major Rosneft for the Tuban oil refinery development project. The official, who declined to be named, because he was not authorized to speak to the media, said the venture agreement was expected to be signed on Monday and would include an agreement on two producing oil and gas blocks in Russia.

Pertamina also expects to form a JV with Saudi Aramco for the Cilacap refinery upgrade project in December, the official said. A decision on whether to go ahead with Aramco on the Balongan and Dumai refinery upgrades will be made in the coming months, the official said.

Pertamina is an Indonesian state-owned oil and natural gas corporation based in Jakarta. It was created in August 1968 by the merger of Pertamin (established 1961) and Permina (established 1957). Pertamina is the world's largest producer and exporter of liquefied natural gas (LNG).
MRC

Neste Jacobs to analyze energy efficiency to Borealis Porvoo site

MOSCOW (MRC) -- Technology, engineering and project management company Neste Jacobs and Borealis have signed an agreement for Neste Jacobs to perform an energy screening for all production units at Borealis’ site in Porvoo, Finland, said Hydrocarbonprocessing.

Neste Jacobs will utilize its unique NJe2 technology, part of Neste Jacobs proprietary NAPCON offering for the project. The project will start in autumn 2016 and the recommendations will be implemented in the upcoming projects.

"We are happy to continue our good long term relationship with Borealis", says Jarmo Suominen, CEO of Neste Jacobs. "With this project Neste Jacobs brings its high class energy efficiency expertize to benefit the petrochemical industry. The importance of energy efficiency within the process industry is becoming ever important and with our NAPCON – NJe2 product we are able to provide the right solutions for our customers’ needs."

As MRC informed earlier, Borealis (Vienna), a leading producer of polyolefins, said today that it plans to study the feasibility of a new, world-scale propane dehydrogenation (PDH) plant at its existing production site at Kallo, Belgium.

Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. With headquarters in Vienna, Austria, Borealis currently employs around 6,500 and operates in over 120 countries. It generated EUR 8.3 billion in sales revenue in 2014.
MRC

Ivory Coast signs agreement to establish Total-led LNG consortium

MOSCOW (MRC) -- Ivory Coast signed a partnership pact to create a consortium headed by France's Total to build a LNG import terminal that could begin receiving gas shipments by mid-2018, said Reuters.

Ivory Coast has emerged from years of political turmoil to become one of Africa's fastest growing economies and demand for electricity is increasing by 10% annually, according to the energy ministry. "The arrival of LNG in Ivory Coast opens a new era in the production of electricity," Energy Minister Adama Toungara said at a signing ceremony in the commercial capital Abidjan.

Ivory Coast, French-speaking West Africa's largest economy, has the region's most reliable power production sector and exports electricity to its neighbors. However, a lack of new domestic gas discoveries has raised concerns of a supply crunch.

The project aims to conceive, build and operate a floating storage regasification unit (FSRU) with initial capacity of 100 MMcf that would gradually be brought up to 500 MMcf, according to an energy ministry statement.

The ministry estimated the cost at USD200 MM. Total would be the project's operator. Other members of the consortium include Royal Dutch Shell, Houston-based Endeavor Energy, Ivory Coast state oil company Petroci, CI-Energies, Azerbaijan's SOCAR and Golar LNG.

Total said earlier Tuesday that the discussions in Ivory Coast were in a preliminary stage. It has said it plans to invest and finance downstream gas infrastructure especially in countries where there is a growing demand for power. The move could enable it capture new gas buyers.

Ivory Coast's oil ministry said last year that USD20 B in power investment would be needed over the next 15 years to meet demand.

As MRC informed earlier, in September,Total shut down some units at its 247 Mbpd Gonfreville refinery in northern France following a technical incident. The spokesman said the incident occurred in a steam producing unit whose backup was under maintenance.

Total S.A. is a French multinational oil and gas company and one of the six "Supermajor" oil companies in the world with business in Europe, the United States, the Middle East and Asia. The company's petrochemical products cover two main groups: base chemicals and the consumer polymers (polyethylene, polypropylene and polystyrene) that are derived from them.
MRC