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NEws – MIDDLE East, aFRICa & asIa 10 Nigeria to ban non licensed stations The Department of Petroleum Resources (DPR) will from october, ban fuel stations without operating licences from taking delivery of petroleum products. So far this year 229 applications for renewal of operating licences have been received with 201 being granted. The DPR have also said that the taking over of a fuel station, rebranding and operating without approval were all illegal and will be treated as such. Libya’s oil, gas sector generating cash A libyan oil company representative has said it expected to realize nearly $55 billion from oil and gas this year. The state-run National oil Corp. said it expected to make around $ 54.9 billion in revenue this year from exports and taxes on oil companies operating in the country. The u.S. Energy Department’s Energy information Administration, in its monthly review for July, reported that production by December 2011 rebounded to 800 million barrel per day. The report said that by April 2012, libya oil production was at 1.4 million barrel per day. ugandan oil prospects are getting brighter Recently in uganda one billion barrels of oil were announced as having been discovered, pushing the figures of commercially viable deposits to at least 3.5 billion barrels. uganda’s oil fields are showing a comparatively higher level of productivity when measured against the experience in other countries where the chances of oil discovery in an equal number of wells usually hovers at only 10 percent. Exploration is still on-going with more discoveries expected. Before the discovery of the additional one billion barrels, the country’s exploration efforts in the Albertine Graben showed estimated oil and gas reserves of 2.5 billion barrels. But, production has been delayed by contractual disagreements, tax disputes and infrastructural setbacks, according to the Energy Ministry. Now, the oil companies invested in the sector, particularly Tullow oil, want commercial exploitation to start immediately, saying it is unfair for them to hold their capital idle. At the same conference, Tullow oil President in uganda, Elly Karuhganga, said with neighbouring countries discovering oil in the region, investor attention could turn to them. Omanoil on target for 2012 expansion omanoil has said that the company is on target with its expansion plan for 2012 having opened up nine new convenience stores and five new fuel service stations in the year to date. So far the company has opened stations in four governorates with all being accompanied by ahlain convenience stores.The newly opened stations bring the company’s total in operation in the sultanate to 137 service stations, 82 Petronas eyes 1 000th outlet Elevated oil prices and subsequently higher product costs are not putting the brakes on Petronas Dagangan Bhd’s expansion plans. The company is set to open its milestone 1 000th fuel station as it accelerates efforts to become Malaysia’s No.1 petroleum retailer in two to four years. Petronas Dagangan was eyeing total sales of five billion litres of petrol this year (increase 10 percent year-on-year), driven by the increase in its number of fuel Fuel giant commits to refinery Caltex Australia says it is committed to its re - maining refinery despite growing competition from Asia and the Middle East. The energy group said it expected the profitability of its last refinery, in Brisbane’s lytton, to come under pressure from the increased capacity in overseas markets. But the group said it made strategic sense to keep its remaining refining plant. Reporting a 74 percent Costco to compete in australia uS retailer Costco is seeking to break into Australia’s $ 15 billion-plus discount petrol business, currently dominated by Woolworths and Coles, by selling its own heavily reduced fuel at prices below those offered via popular Essar to retail fuel in kenya Essar has set up a pilot fuel retail outlet in the African country, where the likes of KenolKobil are already present. “Essar has set up a pilot retail outlet in Kenya under the franchisee model”, an Essar Energy spokesperson has stated. Fuel for the outlets would be sourced from Essar’s refinery in Kenya. The retail outlets would be set up under the Essar brand; the company wouldn’t partner Algeria building $ 3 billion refinery Construction on a new $ 3 billion refinery in Algeria is under way and is being undertaken in tandem with the development of the country’s petrochemical ventures. The new facility will be capable of producing liquefied petroleum LatEst NEws, EvENts, jOBs ONLINE – www.PEtROLPLaza.COM solitary convenience stores and 14 car washes. “investing in strategic locations across oman reinforces the nation’s long-term development ambitions, while closing the retail network gap allows omanoil to better serve its customers in the country”, continued Al ishaqi. With the opening of its new stations, omanoil has become the fastest expanding fuel service station operator in the country. stations. This aggressive retail expansion is in line with management’s guidance and projections. The opening of the landmark 1 000th station is definitely within reach given that Petronas added 12 new stations in the first half of 2012, bringing its total to 980. The company plans to add a record 74 new stations to its retail network by year-end, more than doubling its annual average of 30 new stations. increase in first-half net profit, Caltex Chief Julian Segal said the refining business faced significant challenges as regional capacity outstripped growth in demand. Australia’s biggest oil refiner reported net profit on a replacement-cost-of-sales basis – a measure that strips out the value of its stockpiles – climbed from $ 113 million to $ 197 million in the six months to June. supermarket shopper-docket schemes. Costco has requested room to build fuel stations in Brisbane and Sydney and awaits council approval. Costco plans eventually to open as many as 20 outlets in Australia. any local company for this. “Currently, we are studying the market and, depending on the outcome, may undertake modest expansion”, the spokesperson added. As part of its global expansion plans, Essar Energy had acquired 50 percent stake in Kenya Petroleum Refineries (KPRl) in 2009 from Royal Dutch Shell, BP and Chevron with the Kenyan government owning the remaining 50 percent. gas, benzene and kerosene, and will produce 5 million tones of petroleum products annually. 600 permanent new jobs will be created at the site, which is located in the Baskara region of the capital Algiers.
latest news, events, jobs online – www.PetrolPlaza.com NEws – MIDDLE East, aFRICa & asIa 11
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Page 13 and 14: Don Kenney, President, Franklin Fue
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