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NEwS – MIddLE EaSt, aFrICa & aSIa 8 air zimbabwe out of fuel Zimbabwe's debt-ridden national airline has cancelled flights to London and South Africa because fuel companies have cut off its supplies because of unpaid bills. A senior manager at the troubled carrier confirmed the flight cancellations. “We had no option but to cancel London flights because suppliers refused to give us fuel for the trip”, the Manager said. “London-to-Harare flights were also cancelled.” Air Zimbabwe GM Innocent Mavhunga would not deny that the groundings were a result of failure to pay fuel suppliers. “I would not want to comment on that”, he said. E5 too expensive in Viatnam While the government is encouraging the development of ethanol petrol products, in the Environment Law to be applied as of 2012, it is still listed as a product that bears high environment tax rate. This explains why E5 petrol remains too expensive to attract users. Research conducted by the Hanoi University of Technology showed that using E5 users can save 5 percent of fuel in comparison with petrol. Also that it is less costly to use E5 petrol, because it can prolong the life of some parts of the engine. City pumps run dry in Lahore, Pakistan Petrol shortage at almost all stations in the city continued with its effects being felt all over the Punjab metropolis. Many of the affected stations were either “shut” or limited their services. Petrol station workers had no answer to when a solution would be found. “We have no petrol”, was the only answer they had. Fuel seekers were rushing from one petrol station to another. The franchises of the oil marketing companies TOTAL and Caltex have totally run dry; even Shell Pakistan only delivered fuel to about 20 percent of its filling stations. Qatari firms shift focus to Jordan With political and social upheavals taking place in Syria, its neighbour Jordan, is fast emerging as a favourite destination of some top Qatari companies that had lined up big-time projects in Damascus. State-backed Qatar Fuel (Woqod) which is the sole distributor of petroleum products in Qatar and also runs a LatESt NEwS, EVENtS, JObS ONLINE – www.PEtrOLPLaza.COM large number of petrol and service stations across the country, had planned to build and operate a network of petrol stations in Syria. But the company, according to a local daily, has shelved its plans due to political and social unrest rocking Syria and has instead decided to shift the project to Jordan. Shell Ghana launches new diesel fuel Shell Ghana introduced its New Shell Diesel Extra fuel containing fuel economy formula. The new fuel contains unique formulation designed to give Ghanaian motorists extra kilometres at no extra cost and it is specifically developed for all vehicles. Omar Benson, Managing Director of Shell Ghana Limited said: “We are committed to delivering better fuels around the world and have been working to develop fuels to address motorists’ needs for improved fuel economy. Wide-ranging research has shown that many of our customers want fuels, which are going to take them further without having to pay more.” Ptt switches focus to overseas growth PTT will focus on regional growth, having reached the limit in domestic expansion, with the aim of becoming the second-largest petrochemicals player behind national brands in some countries within five years. Saran Rangkasiri, Executive Vice President of PTT, said the company would maintain the number of PTT petrol stations in Thailand at about 1 300. Overseas expansion would be one of the company's major strategies in the next three to five years. “Neighbouring markets, such as Cambodia, Laos and Myanmar [Burma], have no oil-refinery facilities in the country and they need to import finished oil from our country”, he said. “Opening our PTT petrol stations in their markets will help release our surplus oil and add value to our products.” Nigeria's Oando plans private placement Nigerian energy firm Oando said it planned to issue 25 percent of its share capital through a private placement to finance acquisitions. The energy firm, which has 1.8 billion shares in issue, is worth 94 billion naira as at 6th June. It said proceeds from the planned sale would be used for corporate restructuring, mergers and acquisitions and employee compensation. Almost a year ago, Oando said it hoped to raise US $ 250 million by floating a minority stake in its local fuel retail arm on the Lagos bourse, as part of plans to turn into a major upstream energy company in Africa's biggest oil producing country. Oando, which is also listed in Johannesburg, said in a notice it would seek approval at a shareholders meeting at the end of June for the issue. UaE tells retailers to stop surcharge on credit cards Retailers in the UAE has been asked to stop charging additional fees on credit card usage, effective from 1st July, 2011, UAE Ministry of Economy said in a statement. Sultan Bin Saeed Al Mansouri, Minister of Economy and Chairman of the Supreme Committee for Consumer Protection, was heading the second meeting of the committee for 2011, which passed a resolution prohibiting retailers from imposing surcharges on credit card usage as commission. The meeting reiterated the importance of decisions made by the Ministry and the Supreme Committee for Consumer Protection to support consumer rights and boost economic competitiveness and growth in the UAE.
last raises safety concerns in Lebanon The dust had barely settled on the ruined forecourt before the accusations began to fly. A fuel explosion, which killed at least four and injured several more at a Beirut gas station, formed a timely reminder to lawmakers, security services and vehicle owners alike of the perilous state of Lebanon's petrol pumps: mainly illegal, frequently unsafe and criminally under-maintained. Caretaker Energy and Water Minister Gibran Bassil, bPCL to launch 600 new retail outlets State-run oil marketing firm Bharat Petroleum Corporation is planning to bid for city-gas projects in Kochi (Kerala) and Hyderabad (Andhra Pradesh) and plans to launch 600 new fuel retail outlets this fiscal, said S. Vardarajan, Director, corporate finance. “We are keen to bid for city gas projects in Hyderabad and Kochi as we believe there is a huge potential in that market and we Ugandan Minister denies ‘Ghost Oil’ company Former Energy Minister Hilary Onek denied any knowledge of Black Gold Ltd., the shadowy company reported as controlling oil imports and prices in the country. Eng. Onek, who has been transferred to the Internal Affairs ministry, said the technocrats at the Energy ministry ought to explain how an unknown entity was allowed to get the second largest allocation of Uganda's oil imports. “I do not tOtaL to open 20 gasoline stations in Cebu More than a year after setting up its first service station in Cebu, TOTAL (Philippines) Corp. is planning to open 20 stations in the next two to three years, the company said in a press statement. TOTAL (Philippines) President and Managing Director Ernst Wanten said, “Our said greater regulation was needed to avoid a repeat disaster. “We called for strengthening measures against illegal gas stations and for them to increase safety measures. This was last discussed in Feb. 2010 but it has never been passed due to the level of hindrance within the [parliamentary] Energy Committee. This law would be the solution to the chaos surrounding gas stations in Lebanon”, Bassil said. will also launch around 600 – 700 new retail outlets with a special focus on rural markets.” BPCL reported a 33 percent jump in net profit in the quarter ended 31st March 2011 on back of higher refining margins. Net profit rose to 935.18 crore rupee in the fourth quarter of the current fiscal from 703.18 crore rupee in the same period the previous year. know this company so the Permanent Secretary, Mr Kabagambe-Kaliisa, should be the one to assist in any investigations over the matter”, Eng. Onek added. Black Gold Ltd. has no known depots or service stations in the country but has been importing fuel as a middleman, determining how much retailers and motorists pay for fuel, which is at an alltime high, leading to high commodity prices. expansion in Cebu reflects our confidence in Cebu's business climate. We also recognize the entrepreneurial spirit of our Cebuano partners in our service stations.” Despite the fierce competition in the industry, TOTAL is optimistic of its growing customer base. LatESt NEwS, EVENtS, JObS ONLINE – www.PEtrOLPLaza.COM NEwS – MIddLE EaSt, aFrICa & aSIa Petronas unit in search for more stations Petronas Dagangan Bhd plans to invest RM 250 million to RM 400 million annually to set up between 30 and 50 petrol stations a year till 2016. The retail arm of Petroliam Nasional Bhd now has 950 petrol stations nationwide. With a 32 percent share of the market, it ranks No. 2 in the retail segment, behind oil and gas giant Shell. “We hope to increase our market share to 40 percent in five years”, Managing Director and Chief Executive Officer Amir Hamzah Azizan said at a briefing. Amir Hamzah said financing for the stations would be internally generated, adding that the company needed to find “good sites” to build the stations. “With 950 stations, it's hard to find a location that's not near to a competitor.” EPPCO shuts filling stations in Sharjah The number of petrol stations in the city are coming down as the leading oil marketing companies are undertaking a rationalisation of their assets and resources. Emirates Petroleum Products Company (EPPCO) has permanently closed three of its major outlets in Sharjah. The closure of three outlets is seen as a reflection of the pressure on the company's profit margins due to high international oil price and the regulated retail price at its outlets. An ENOC spokesman said: “As part of upgrading its older service stations and in line with the environment management policy, Emirates National Oil Company (ENOC) has decided to suspend the operations of three sites in Sharjah, all of which are more than 20 years old. The resources at these sites, including manpower, are being deployed to newer service stations.” 9
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