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12 LaTEST NEwS, EvENTS, JoBS oNLINE – www.PETRoLPLaza.coM
can foreign companies break chinese duopoly? Gas station revenue in China is expected to total $ 173.4 billion by the end of 2012, up 13.5 percent on 2011, with an annualized growth rate of 16.4 percent in the past five years, according to IBISWorld. The industry currently consists of a duopoly of two state-owned oil companies, China Petrochemical Corporation (Sinopec) and China National Petroleum Corporation. controversial station set to open in Malaysia A petrol station in Batu Ferringhi which was completed more than a year ago but could not operate because the local council refused to grant it a licence is now set to open. It was mired in controversy earlier as the residents were against the project which due to structural defects, caused underground water to overflow during piling works. Things came to a head last year when exasperated residents wrote to Blended fuel back on market in zimbabwe Greenfuel has started distributing ethanol to fuel dealers for blending with petrol, which should see prices falling. The company announced this week that about 12 fuel stations were already selling blend fuel, a mixture of 10 percent ethanol and 90 percent petroleum. The ethanol component New fuel prices in Tanzania worries motorists Motorists in Tanzania will have to dig deeper to purchase petroleum products following a decision by the Energy and Water Utilities Regulatory Authority (Ewura) to raise prices. Price increases have been justified due to increases of wholesale on the world markets. ToTaL to launch solar powered fuel station TOTAL Ethiopia has inaugurated a solar powered fuel station in the Djibouti corridor according to Haile Eyesus, Communications and Public Affairs Manager of TOTAL. The fuel station will be the first solar powered station in East Africa he said. TOTAL selected the Diciotto area for constructing the fuel station because of it is high temperatures and sunshine. Dicotto was utilizing two generators PetroSa to enter downstream market National oil company PetroSA has “firmed up” plans to enter the local downstream market and is eyeing assets disposed of by major oil companies, says its acting CEO Yekani Tenza. This means that PetroSA is more interested in snapping up existing assets than building its own network from scratch, a move that could be costly and time-consuming. PetroSA The industry is heavily influenced by the vertical integration these companies, which control crude oil mining and the importation of petroleum products and own most of the large refineries in China. These two firms also jointly own over half of the gas stations in China. Sinopec and CNPC gas stations have competitive advantages in fuel supply, funding and technologies. the Penang Island Municipal Council (MPPP), calling for urgent repair works by the developer. Despite the completion of the petrol station, MPPP temporarily suspended the granting of Certificate of Fitness for occupation (OC), subject to the completion of remedial works. The developer had finished rectifying the damage recently to restore normalcy in the neighbourhood as instructed by MPPP. will replace imports in equal measure, saving the country foreign currency and cushioning it from global price shocks. Petrol blending will also enable dealers to cut significantly on the costs of transportation and reduce constraints associated with importation of petrol. However fuel companies have the freedom to sell their products at prices which give them a competitive advantage provided that the price does not surpass Ewura’s approved rates. Petrol station owners are obliged to publish new prices on clearly visible boards. previously but now generates power from solar panels during the day and the power supply from the Ethiopian Electric Power Corporations as back up explained Haile. The solar batteries that provide electricity for the fuel station can supply power for 12 hours he added. The TOTAL Ethiopia board will approve the launch of other solar fuel stations after the Diciotto station shows first operational results. is currently not involved in downstream market activities, even though it produces petrol, diesel, kerosene, fuel oil, liquefied petroleum gas and other products from its gas-to-liquids refinery at Mossel Bay in the Western Cape. The products from the refinery are distributed through oil companies under their own brand names in various Cape regions. LaTEST NEwS, EvENTS, JoBS oNLINE – www.PETRoLPLaza.coM NEwS – MIddLE EaST, aFRIca & aSIa 13
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