YEMEN - Little Aden Refinery.The Aden plant, built between 1952 and 1954, needs upgrading. With its nameplate capacity having reached 170,000 b/d in the 1970s, it has long operated at less than 110,000 b/d. Now it operates at 95,000 b/d. It is run by state-owned Aden Refining Co. (ARC), under the control of the MOMR. ARC employs about 4,000 people. As a result, efforts to privatise Verb 1. privatise - change from governmental to private control or ownership; "The oil industry was privatized"
manufacture, industry - the organized action of making of goods and services for sale; "American industry is making increased use of the refinery since late 1998 have been frustrated by cool response from both ARC's management and the business community.
Proposals to upgrade the plant and restore it to its original 170,000 b/d capacity, in a $250m project, have been delayed for years. On May 13, 1998, the government decided to sell a majority share in the refinery in the expectation that foreign investors would provide the funds necessary to upgrade the plant. The government also authorised private investors to sell the refinery's products on the domestic market.
The $250m project was to involve construction of a power plant and a hydro-cracker, installation of a computerised control system, and debottlenecking work on the crude distillation and gasoline units.
In late 1997 the government said it intended to retain a consortium comprised of Tarmac of the UK and ABB n. 1. Among weavers, yarn for the warp. Hence,
Noun 1. ABB - an urban hit squad and guerrilla group of the Communist Party in the Philippines; formed in the 1980s Lummus Global of the US to carry out upgrading work worth $180m. But the contract award awaited a final outcome of the move to privatise the refinery.
The government later insisted on a re-tender because the consortium had proposed construction of a new 75,000 b/d crude distillation unit and a new 30 MW power plant, which the MOMR decided was outside the scope of the original project. The second tender was done in mid-1997 with the addition of a hydrocracker and a larger power plant and the project's cost then was estimated at $250m.
The upgrade in the first phase was to include sweetening units to treat kerosine kerosene, kerosine
see paraffin (2). , straight-run benzene and gasoline. The refinery was to process crude oils from Kuwait and from Yemen's Ma'rib oilfields.
The second and third phases were to involve the power plant and catalytic reformers to further sweeten sweet·en
v. sweet·ened, sweet·en·ing, sweet·ens
1. To make sweet or sweeter by adding sugar, honey, saccharin, or another sweet substance.
2. To make more pleasant or agreeable. the crudes. A basic engineering study for the project was done by AMEC AMEC African Methodist Episcopal Church
AMEC Agent Mediated Electronic Commerce
AMEC Arctic Military Environmental Cooperation
AMEC Advanced Micro-Fabrication Equipment Inc
AMEC Association of Media Evaluation Companies Process & Energy of the UK.
The government cannot finance the project because, under the IMF IMF
See: International Monetary Fund
See International Monetary Fund (IMF). structural adjustment programme, it is committed not to take on any new public debt. In November 1996, ARC had appointed Natwest Capital Markets as financial manager, but the company decided to withdraw from the project by July 1997.
The Aden refinery came on stream in 1954. It was built by Bechtel of the US and George Wimpey George Wimpey Limited (formerly George Wimpey Plc) is one of the UK's largest housebuilders with corporate headquarters in London England and UK operational headquarters in High Wycombe since 2001. For the previous 121 years, George Wimpey had been based in Hammersmith. & Sons of the UK for BP, which operated it until nationalisation n. 1. same as nationalization.
Noun 1. nationalisation - the action of forming or becoming a nation
group action - action taken by a group of people
2. in May 1977. BP was retained to provide technical assistance for another five years. The refinery had 16 storage tanks, some of which were damaged during the 1994 north-south war.
Before the 1990 Iraqi invasion of Kuwait The Invasion of Kuwait, also known as the Iraq-Kuwait War, was a major conflict between the Republic of Iraq and the State of Kuwait which resulted in the 7 month long Iraqi occupation of Kuwait , ARC used to process crude oils from Iraq and Abu Dhabi Abu Dhabi (ä`b thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. . It was running at 100,000 b/d under contract for clients including Iraq, Kuwait, Iran, the former Soviet Union, Coastal Corp. of the US and Petronas of Malaysia. The refinery was damaged during the 1994 north-south war; one of its distillation units was virtually destroyed by fire.
At present the refinery processes crude oils from Iran and Oman, and an agreement with Petronas was revived after the war in 1994. Local crude oils processed at the refinery include Ma'rib Light and the government's share of production at Masila.