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Petrochemicals
Diversification of Kazakhstan's economy is possible through the development of projects in the petrochemical industry, the Oil and Gas Strategic Partnership Development Council said.
“Alabuga-2. Petrochemicals” and “Alabuga-3. Gas-chemicals” industrial parks will be created in Tatarstan. The investment will amount to 2 trillion rubles.
22 European, Asian and Russian banks will provide €11.4 billion of debt financing to Gazprom for the Amur Gas Processing Plant construction.
Digital Oil & Gas
Diana Dzaka, Digital Transformation Director, YCP SOLIDIANCE, talked about the challenges facing the industry and how market players can benefit from global trends such as the electric car spread, globalisation, and total digitalisation.
Bentley Systems is developing an application with Siemens which delivers operational digital twins as a result of downstream in operations.
Equinor, the Norwegian state-backed energy company, will take a stake in San Francisco-based start-up Kobold Metals that already counts Bill Gates as an investor.
Base Oils & Lubes
84% of motorists in Russia are men, while just 16% are women, according to the local subsidiary of French energy giant Total’s research.
Diana Dzaka, Digital Transformation Director, YCP SOLIDIANCE, talked about the challenges facing the industry and how market players can benefit from global trends such as the electric car spread, globalisation, and total digitalisation.
The European Automobile Manufacturers Association’s (ACEA) 2018 engine oil sequences will be delayed until mid-2020.
Downstream
The Ministry of Energy of Kazakhstan expects that the oil refining amount at the refineries in 2019 will amount to 17.1 million tons, which is 5% more than the previous year.
Repsol announced that it plans a 10% reduction by 2025, 20% by 2030, 40% by 2040, and net zero CO2 emissions by 2050.
Frank-Peter Ritsche, CEO at Project Team, speaks about project management. Downstream Project Management Conference, Frankfurt 2018
Upstream
OMV Petrom reached an agreement for the transfer of 40 onshore oil and gas fields in Romania to Dacian Petroleum as part of a business transfer arrangement.
The contract was signed for gas processing and export hub for Ormen Lange and other fields connected to the Polarled pipeline.
Comanescu bets on the promising Black Sea offshore gas projects as it is the only company in the region offering offshore integrated services.
Midstream
Romania’s energy minister Virgil Popescu suggested Romgaz should evaluate the option of taking over the stake held by ExxonMobil in the Black Sea offshore gas project.