Communicator

The ethylbenzene plant based on Badger benzene alkylation technology and its capacity have been added.


#badger  #ethylbenzene  #alkylation  #russia  #sibur  #khimprom 

SiburTyumenGas JSC description has been updated.
No gas processing plant has yet been created.

#associatedgas #gasprocessingplant  #sibur  #siburtyunmengas  #russia 

SIBUR Khimprom Perm site has been created, yet no production technology has been added yet.

#sibur #kihmprom  #russia  #polystyrene  #dotp  #psfoam  #expandedpolystyrene 

The mass balance and polymerization technologies have been updated.

#russia #sibur  #tomskneftekhim  #lyondellbasell  #spheripol  #lupotech 

The Moscow Exchange has been added.


#moscow  #russia  #moex  #moscowexchange  #stockmarket 

The description of SIBUR Holding PJSC has been updated.


#sibur  #russia  #siburholding 

The descripption of the TAIF-NK refinery has been uddated.


#russia  #sibur  #tatarstan  #oilrefinery  #taif  #taifnk  

Photo: Russian crude oil tanker. Credit: Defense.in

13^th Dec2024 | News aggregation
 
Russian state oil company Rosneft has signed a landmark 10-year agreement to supply 500,000 barrels of crude oil per day to India's Reliance Industries (RIL), marking the largest energy deal ever between the two countries. The agreement, valued at approximately $13 billion annually at current prices, represents 0.5% of global oil supply.

Under the terms of the deal, Rosneft will deliver 20-21 Aframax-sized cargoes of various Russian crude grades and three cargoes of fuel oil monthly to Reliance's Jamnagar refining complex, the world's largest, in Gujarat. The supplies are scheduled to begin in January, with an option to extend the agreement for an additional 10 years.

The pricing structure includes differentials to Dubai crude prices, with Russian Urals crude, which makes up the majority of the supply, to be priced at a $3 per barrel discount. Light sweet grades like ESPO, Sokol, and Siberian Light will carry premiums ranging from $1 to $2 per barrel.

This agreement significantly expands the existing relationship between the two companies. From January to October, Reliance had been importing an average of 405,000 barrels per day of Russian oil, an increase from 388,500 barrels per day during the same period last year. The new arrangement will account for approximately half of Rosneft's seaborne oil exports from Russian ports.

The deal was approved during Rosneft's board meeting in November and both companies will conduct annual reviews of pricing and volumes to account for market dynamics.

#russia  #india  #rosneft  #reliance  #jamnager  #refinery  #urals  #crudeoil  #espo  #sokol 

Source: PipeChina | Time: 2024-12-02 | China-Russia East Line Natural Gas Pipeline Completed

On December 2, the China-Russia East Line Natural Gas Pipeline, the largest single-pipe gas transmission pipeline in  China, was fully connected, with an annual gas transmission capacity of 38 billion cubic meters, reaching the highest level. Natural gas is transported from Heihe, Heilongjiang, all the way south to the eastern part of China, and finally reaches Shanghai.

The China-Russia East Line is the third cross-border natural gas pipeline supplying gas to China after the Central Asia Pipeline and the China-Myanmar Pipeline. It is an important part of the Northeast Corridor among China's four major energy strategic channels.
 
The China-Russia East Line starts from Heihe, Heilongjiang Province in the north and ends in Shanghai, passing through 9 provinces, autonomous regions and municipalities. It is 5,111
kilometers long and is divided into three sections: the northern section (Heihe, Heilongjiang Province - Changling, Jilin Province), the middle section (Changling, Jilin Province - Yongqing, Hebei Province), and the southern section (Yongqing, Hebei Province - Shanghai).

Since the northern section was put into operation on December 2, 2019, the sections from Changling, Jilin to Taixing, Jiangsu have been put into operation one after another, and the natural gas transported has increased year by year from 5 billion cubic meters in the first year to more than 30 billion cubic meters in 2024. The Nantong to Luzhi section put into operation this time is the last section of the newly built pipeline in the southern section of the China-Russia East Line, which realizes the full connection of the China-Russia East Line, and the "north gas goes south" directly to Shanghai, and is connected with the West-East Gas Pipeline System to further cover Zhejiang, Anhui and other places.

With the full line connected, the annual gas transmission capacity of the China-Russia East Line reached 38 billion cubic meters, and it was interconnected with the Northeast Pipeline Network, the Shaanxi-Beijing Pipeline System, the West-East Gas Pipeline System, and multiple coastal liquefied natural gas receiving stations and gas storage facilities, effectively enhancing the natural gas supply capacity and emergency peak-shaving guarantee capabilities in China's eastern region. It is estimated that by 2025, the natural gas entering the Yangtze River Delta region through the China-Russia East Line will further increase by nearly 5 billion cubic meters, accounting for about one-fifth of the total gas transmission of the National Pipeline Network Group to the Yangtze River Delta region, effectively improving the regional natural gas supply capacity.

#pipechina  #naturalgas  #naturalgaspipelinegroup  #pipeline  #gaspipeline  #china  #russia  #gasnetwork  #chinarussiaeastline 

Russian ESPO crude oil has been added.

#russia #espo  #crudeoil 

US Presidential candidates have diverging views on the oil industry.

Trump supports expanding production, which could lower oil prices. Harris, who favors green energy, has previously supported a ban on fracking and could limit production. Under president Biden, the free cash flow of the top 10 oil and gas companies tripled in 3 years.

Trump proposes a 10% duty on all imports and a 60% duty on Chinese imports, which could reduce energy demand. Trump may tighten sanctions against Iran but ease measures against Russia.

#russia  #iran  #usa  #trump  #harris  #potus  #oilandgas  #greenenergy  #oilprice  #fracking 

Bloomberg reports that the price of Russian oil significantly surpasses the price cap established by the G7, intended to curb Moscow's revenue for military actions in Ukraine, indicating substantial non-compliance. According to Argus Media, Russia's primary Urals grade commands around $75 per barrel upon departure from Baltic and Black Sea ports. However, by the time Urals cargoes reach India, the price escalates to $88 per barrel, a mere $3.80 below the benchmark Brent, as per Argus data. Additionally, Russian ESPO crude leaving Kozmino port fetches $84 per barrel, consistently evading the price cap for approximately a year. Further disparities arise as 23% of Russian crude supplies in March were insured against spills and accidents by members of the International Group of P&I Clubs. This indicates that traders could attest that the cargo's value was significantly lower than what Argus had priced Urals at. Moreover, a smaller portion was transported via Greek tankers, all insured by Western insurers.

#india  #russia  #pricecap 

Recent discussions spotlight the potential sale of Lukoil Neftochim in Bulgaria, echoing a broader narrative of severing ties with Russia. Bloomberg's analysis underscores the significance for Bulgaria to distance itself from Russian influence, particularly by ousting Lukoil from the country, aligning with EU and NATO allies.

Amidst Bulgaria's evolution since the end of communist rule, divesting from Russian interests emerges as a crucial step. Contrasting Hungary and Serbia, severing ties would solidify Bulgaria's allegiance to Western alliances.

Critical to this transition, as per Bloomberg and Bulgarian officials, is the acquisition of Lukoil Neftochim by a reputable international entity from Europe, the US, or the Gulf states. This move aims to dismantle Lukoil's sway over Bulgaria's political and economic spheres.

Emphasizing the need for independence in critical supplies, the Bulgarian government aims to avoid reliance on unfriendly nations like Russia. Yet, sentiments within Lukoil Neftochim, employing approximately 1300 individuals, reflect a fondness for the Russian company, underscoring historical ties.

While Lukoil has not publicly announced intentions to sell the refinery, speculation persists, with the Bulgarian Finance Ministry suggesting active pursuit of potential buyers. Litasco SA, Lukoil's international marketing and trading arm, refrained from comment, further fueling speculation surrounding the refinery's fate.

#bulgaria #russia  #refining #Refinery 

Indian state oil refineries are negotiating with Russian "Rosneft" for oil supplies of about 500,000 barrels per day, reports Bloomberg. These negotiations involve long-term contracts, whereas currently, India primarily purchases Russian oil on the spot, i.e., immediate market. In January, oil deliveries from Russia fell by 4-9% compared to December, down to 1.2-1.3 million barrels per day.

The economic rationale of the Indians for why buying Russian oil at discounts is beneficial for the global market is interesting. India's Minister of Petroleum and Natural Gas Hardeep Singh Puri told CNBC, "The world is grateful to India for buying Russian oil. If we start buying more Middle Eastern oil, the price of oil will not be at the level of 75 or 76 dollars. It will be 150 dollars per barrel."

#india  #russia  #rosneft 

The start of LNG shipments from the Arctic LNG 2 project is slated for February of this year, as announced by Russian Deputy Prime Minister Alexander Novak, who referenced information from NOVATEK.

Earlier, a force majeure situation was declared at the Arctic LNG 2 project by one of its shareholders, the French company TotalEnergies. This action was prompted by the imposition of sanctions from the US against the Arctic project.

NOVATEK, the Russian company, holds the majority stake of 60% in the LNG platform situated on the Russian Arctic shelf.

Despite the sanctions imposed by Western nations, the project's development remains robust, buoyed by the growing interest of European exporters in the Northern Sea Route. This route offers a shorter path from Northern Europe to the Asia-Pacific region, particularly significant amidst challenges such as attacks on merchant ships in the Red Sea by the Houthis. These attacks have significantly disrupted the flow of goods through the Suez Canal between Europe and Asia.

#russia