Motiva may push back HCU work
HOUSTON: Motiva Enterprises is considering delaying an overhaul of the hydrocracking unit (HCU) at its Port Arthur, Texas refinery from late September to April to make up for lost production from a fire-damaged Louisiana plant, sources familiar with Motiva's plans said. The hydrocracker damaged in an early August fire at Motiva's Convent, Louisiana, refinery could restore partial production by December, said the sources, who requested anonymity because they were not authorised to speak publicly about the matter. That would be about a month earlier than had been expected, they said.
Fire at South Pars gas field
BEIRUT: A fire that broke out at Iran's South Pars gas field was brought under control and operations were continuing normally, according to the state news agency IRNA. The blaze was in phases 15 and 16 of the field, IRNA said. It gave no information on how the fires had started. Ayoub Banavi, a spokesman for the Pars Special Economic Energy Zone, told IRNA that flames broke out in two hydrocarbon waste pools in the sixth refinery and took three hours and 45 minutes to be extinguished. There have been no casualties, Banavi said. He did not say whether fires in other parts of the facility had been put out.
SEC assets sell-off by year end
DOHA: Saudi Electricity Co (SEC) plans to privatise its assets by the end of the year, its chairman said, part of a drive to increase efficiency in the kingdom's utilities. 'We expect to complete the planned privitisation of assets this year,' Saleh Al Awaji told Saudi-owned Al Arabiya. Saudi Arabia's utility regulator said in February that SEC would be split into several firms by the end of 2016 to increase efficiency. Awaji said demand for power in the country had declined for the first time in the company's fifteen year history after a removal of government subsidies.
China may open bourse to Aramco
KHOBAR: China has shown interest in opening its stock markets to Saudi Aramco when the national oil giant conducts an initial public offer of its equity, the kingdom's energy minister Khalid Al Falih said.
'For sure, all the stock markets in every country we visit, and every country whose officials visit us, are very keen and wish the most valuable and most important company in the world to be listed on their markets,' Falih said.
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