Production • Processing • Handling
fuels investments on our three northern refineries, which are crude feedstock advantaged, and their associated marketing businesses.” Tis agreement brings the total value of the
divestments that BP has agreed since the beginning of 2010 to over US$35 billion (€26.7 billion). Te company expects this total to reach US$38 billion (€29 billion) by the end of 2013. Subject to regulatory and other approvals,
Marathon Petroleum will purchase the 475,000 bbl/d refinery, associated natural gas liquids pipelines, and four marketing terminals in the Southeast USA.
midst of a multi-billion Dollar modernisation effort at its Whiting refinery in Northwest Indiana. Te Cherry Point refinery in the state of Washington is being upgraded to produce cleaner-burning diesel fuel and the BP Husky joint venture near Toledo, Ohio, is investing to improve its gasoline making capabilities. “BP remains committed to supplying customers in the USA with the fuels, lubricants and petrochemicals they depend on while at the same time delivering long-term growth and profits to our shareholders and we are pleased to be delivering on the strategy we announced last year,” Conn added. “When we complete these sales and our Whiting refinery upgrade project next year, we will have a smaller, well-positioned and highly competitive portfolio of refining and marketing businesses in the USA.” Te Whiting refinery work will halve capacity
there from its current 405,000 bbl/d while it takes place. Te company is also replacing the largest of the refinery’s three crude distillation units, with the work expected to be completed by the second half of 2013.
Fig. 2. With the modernisation of its Pančevo refinery in Serbia, NIS takes a leading position in Balkan oil products market.
“Tis sale will reduce BP’s presence in the Southeast US, however BP remains firmly committed to growing and strengthening our BP-branded retail network and the value of the BP brand east of the Rockies in partnership with BP-branded jobbers and dealers,” explained Doug Sparkman, president of BP’s East of Rockies fuels business. “A number of valued jobbers are affected by this transaction and we are committed to working very closely with Marathon Petroleum to make this transition as smooth as possible.” “During the past several years the Texas City
refinery has been transformed through a resolute focus on safe, compliant, and reliable operations and in recent months has returned to profitability. It does not, however, fit with the long-term strategic direction of BP’s global refining portfolio,” said Texas City refinery manager Keith Casey. “I believe today’s announcement is good for our workers, good for our community, and positions the refinery to achieve its full potential over the long term as part of one of the leading refiner-marketers in the USA.” BP continues to invest heavily in its three northern USA refineries. Te company is in the
50
www.engineerlive.com
Major project in Serbia Gazprom Neft’s subsidiary Naftna Industrija Srbije (NIS) has completed a major modernisation project of its refining capacity in Serbia. Te company has started operating a new light hydro-cracking and motor fuel hydro-treatment facility at the Pančevo refinery (Fig. 2).
Te completion of the facility will allow NIS to take a leading position in the Balkan oil products market.
Launching the vacuum gas oil and diesel hydro-
treatment facility, which has a capacity of 3m t/y, will increase the refining depth of the Pančevo plant to 84 per cent, and the percentage of output of light oil products to 76 per cent. From 2013, the Pančevo facility will shift to
producing only Euro-5 standard gasoline and diesel. Te launch of the new facility will raise the volume of Euro-5 standard gasoline production to 638,000 t/y and diesel to 1.5m t/y. According to Gazprom Neft, this will confirm
NIS’s status as a major supplier of high-quality fuel to the domestic market and will allow it to start exporting to the Balkan region – while also having a positive impact on the environment. So far Gazprom Neft has invested €547 million at NIS in upgrading and rebuilding, including €397 million on building the hydro-cracking facility and over €150 million on modernising and adding to the plant’s infrastructure, equipping the hydrogen facility and on ecological projects. ●
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74