NIGERIA - Private Refining Projects.In June 1996, as the then military government adopted a liberal approach advocated by the finance ministry, the oil ministry gave two private oil companies permission to have export refineries built with a total capacity of 300,000 b/d. Brass Refinery Ltd. was allowed to have its plant built at Brass, in the southern Rivers State, with a capacity of 200,000 b/d. Qua Petroleum Refinery Ltd. was given a permit to have a 100,000 b/d plant built at Ibeno, in the south-eastern state of Akwa Ibom. It was decreed that the two would buy crude oil from NNPC NNPC Nigerian National Petroleum Corporation NNPC Nigerian National Petroleum Company at international prices and would export their products accordingly. PPMC PPMC Physician Practice Management Companies PPMC Processor PCI Mezzanine Card PPMC Pearson Product Moment Correlation (Coefficient) PPMC Precambrian, Paleozoic, Mesozoic, Cenozoic (geological time scale) would buy products from them at international prices. But no progress about these projects has been reported so far. GTL Venture: Nigeria is to have the biggest gas-to-liquids (GTL) plant in the world. This will be a JV led by Chevron and Sasol of South Africa, with a a $1 bn GTL complex to be built alongside Chevron's Escravos gas plant. The GTL plant will be on stream in 2003 with a capacity of 30,000 b/d of synthetic crude oils. These will then be processed into top quality diesel, naphtha naphtha (năp`thə, năf`–), term usually restricted to a class of colorless, volatile, flammable liquid hydrocarbon mixtures. and other liquids for export. Sasol will link its slurry-phase distillate dis·til·late n. A liquid condensed from vapor in distillation. distillate a product of distillation. process with Chevron's hydrocracking hy·dro·crack·ing n. A process by which the hydrocarbon molecules of petroleum are broken into simpler molecules, as of gasoline or kerosene, by the addition of hydrogen under high pressure and in the presence of a catalyst. technology called Isocracking. On June 9, 1999, Chevron and Sasol signed an MoU for an alliance to develop GTL projects in various parts of the world, including Nigeria. |
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