european edition - ErpecNews

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