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european edition - ErpecNews

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23.08.2013 Views

10 LatESt NEwS, EVENtS, JObS ONLINE – www.PEtrOLPLaza.COM

7-Eleven announces agreement with Mobil 7-Eleven Stores Pty. Ltd. announced it will enter into a sole supply agreement with Mobil Oil Australia Pty. Ltd. from 1st January 2012. According to Chief Executive Officer Warren Wilmot, the company currently sources fuel from both Shell and Mobil. National Fuel Manager John Pettit says a one supplier agreement will provide synergies and better economy of scale. “Although the security of Indian Oil to automate all its petrol stations State-owned Indian Oil Corporation (IOC) has embarked upon the process of “automation” of its retail stations in the country to improve services, a top company official said: The company, which has earmarked about 14 000 crore rupee for capital expenditure this fiscal, owns about 19 000 fuel stations across the country. “We have taken up a programme on automation of all the retail petrol stations. Initially we will cover 4 500 petrol stations which retail about 200 kl of fuels every month”, Indian Oil Chairman and Managing Director RS Butola informed. In the first phase, about 1 600 petrol stations have been identified and are in the process of automation, he said, Investors interested in angola's gas Angola's liquid natural gas (LNG), which is due to start being produced in the next few months, is raising the interest of international investors, who have several projects in the design stages, according to the Economist Intelligence Unit (EIU). Sonangol, the concession holder for Angola's oil and natural gas, recently announced that natural gas production would begin in November of aramco assures no shortage of premium gasoline Saudi Aramco has assured users of Premium 95 grade of gasoline that there is no shortage and that the market is adequately supplied. In a written statement, Saudi Aramco denied reports appearing in the local media that Premium 95 gasoline is in short supply, especially in Riyadh. “There is no shortage of Premium 95 gasoline in the Kingdom”, Saudi Aramco asserted in a written release. Central asia feels fuel pinch as russia cuts supply A shortage of fuel in Russia is hurting millions beyond its borders in Central Asia, where former satellite states still rely almost completely on Moscow's gas supplies – and its decisions to tighten the taps from one day to the next. Russia's government responded this week to domestic fuel shortages by hiking a dual supply arrangement can be attractive it has been far outweighed on this occasion by the commercial benefits realised through leveraging our total volume through the one supply arrangement. By consolidating our fuel supply base we also leverage existing logistics arrangements which will enable us to more efficiently and effectively deliver fuel to each of our stores”, Mr Pettit added. adding that after completing the 4 500 petrol stations, they would move to petrol pumps that retail about 100 kl every month. On their future plans, Butola said about 14 000 crore rupee has been fixed for this financial year as the capital expenditure. this year and that exports would start in the first quarter of 2012. According to the CIA World Factbook, Angola's proven reserves stand at around 272 million cubic metres and are amongst the top 40 in the world. These proven reserves increased more than five-fold from 2007 to 2008, with the discovery of some 220 billion cubic metres, the EIU said. “We have not received any complaint from distributors or customers regarding shortage of Premium 95 gasoline from any region, including Riyadh region”, the Saudi Aramco statement said. According to Aramco, the supply of Premium 95 gasoline is being maintained through meticulous planning, studies and research, working with distributors to meet current demand and in coming months. export fees and imposing a temporary export ban on fuel, measures that threaten to cause severe deficits in impoverished Kyrgyzstan and Tajikistan. In those mainly Muslim countries, which lie on China's mountainous western frontier, the stakes are high as the all-important sowing season beckons. LatESt NEwS, EVENtS, JObS ONLINE – www.PEtrOLPLaza.COM NEwS – MIddLE EaSt, aFrICa & aSIa Can't pay – air India grounds 60 flights Losses are taking a huge toll over the national carrier Air India. After a major strike over pay parity with its pilots, Air India has been forced to ground 10 percent of its fleet to tide over unpaid fuel dues. 60 Air India flights have been withdrawn both from domestic and international routes, many connecting extremely busy airports like London, Delhi, Mumbai and Bangalore. This comes right in the middle of the peak travel season. Air India has been unable to clear fuel companies' dues of 2 700 crore rupee. So, last week the oil companies refused it additional credit. Now, the airline is forced to fly only on a pay-and-fly basis since it does have the money to fly its entire fleet every week. Ghana moves to increase safety The Association of Oil Marketing Com - panies of Ghana (AOMC) initiated an industrial campaign to review the status of safety awareness on the management of petroleum products to avert accidents. Mr Kwaku Agyemang Duah, AOMC Industrial Co-ordinator informed that the campaign seeks to consolidate laws relating to safety in the transportation, storage and utilisation of petroleum products. He said the AOMC safety campaign was opening a new working relationship with regulatory authorities including Environmental Protection Agency to ensure compliance. Mr Agyemang Duah added: “Public education on petroleum product safety would be intensified and broaden while simple guideline leaflets would be circulated and planted at vantage point to instruct customers at filling stations.” thumbs up or a cold shoulder BP Tanzania filling stations will soon rebrand to Puma Energy – complete with its corporate colours of olive green and red, including a mountain lion insignia – as takeover procedures enter an advanced stage. The process, to allow Puma Energy acquire a 50 percent stake in BP Tanzania is now in the hands of the Fair Competition Commission (FCC) which is empowered by law, to investigate the merger before giving it a thumbs up or a cold shoulder. Prior to the intended acquisition, Puma Energy – is a subsidiary of the Amsterdam-based commodities trader Trafigura Beheer. 11

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