TERMINAL NEWS: MIDDLE EAST & AFRICA

and other products, including 1.4 million litres a day of petrol and 1.1 million litres a day of diesel.

SHARJAH NATIONAL OIL CORPORATION (SNOC) EXPANDS GAS STORAGE FACILITIES

The latest expansion of SNOC’s gas storage capacity includes two high-pressure compressor trains and associated tie-ins to its existing brownfield facilities at Sajaa.

SNOC set a 10 month schedule from award to completion and successfully completed the project ahead of schedule. The project involved efforts from SNOC’s in-house project team and the EPC contractors Enerflex Ltd and ALUCOR.

The critical project construction achievements were welding 2180 inch dia, erection of 30 tons (27.2 tonnes) of steel, 360 m³ of concrete, 510 m of E&I cables and a safe heavy lift of 87 tons using a 500 ton (453 tonnes) capacity crane.

The project was completed without any operational or environmental incidents and achieved a milestone of 82,000 manhours without lost time incident (LTI).

Absa Group Aims For Net Zero Carbon Emissions By 2050

South African lender, Absa Group, aims to cut its net carbon emissions to zero by 2050 by curtailing lending to coal, oil and gas projects and instead increasing its exposure to renewable projects.

‘While we recognise Africa’s particular vulnerability to climate change, our approach to net zero also takes cognisance of the development needs of Africa’s people,’ says Punki Modise, Absa Group’s chief strategy and sustainability officer. The company’s loan portfolio’s exposure to coal would reduce to 0.03% by 2050, from 0.2% in 2023. Oil exposure would reduce to 0.32% from 1.41%.

Actad Announces Opening Of Greenfield Liquid Bulk Terminal

ACTAD has announced the opening of its new greenfield liquid bulk terminal in Khalifa Port, Abu Dhabi, UAE, and will commence operations on July 1, 2023.

The state-of-the-art terminal offers facilities and services for storing and transporting liquid bulk, ensuring high levels of safety, efficiency, and sustainability.

ACTAD’s mission is to provide customers with unparalleled service and expert advice, ensuring their cargo is always in safe hands.

COMMISSIONING BEGINS AT TECHNIP ENERGIES’ KARBALA REFINERY

Commissioning has begun at Technip Energies’ Karbala refinery PMC project in Iraq.

Located approximately 100 km (62 miles) from Baghdad, Iraq, Karbala is Iraq’s first new refinery in decades and is the first refinery in Iraq to meet Euro 5 fuel standards, which will greatly reduce emissions. The project is moving ahead and is scheduled to reach its full capacity of 140,000 barrels per day (bpd) by the end of July 2023.

Libya Signs South Refinery Contract With Honeywell

A subsidiary of Libya’s state-owned National Oil Corp (NOC) has signed a contract with Honeywell for The project will be carried out in two phases. NOC has previously said South Refinery will produce cooking gas, jet fuel

Libya is seeking to bring foreign investment back into its energy sector after two and a half years of comparative peace following years of conflict. It hopes to take advantage of increased demand for its oil and gas following supply concerns in Europe resulting from the war in Ukraine.

ERBIL-BAGHDAD TEMPORARY DEAL TO RESTART NORTHERN OIL EXPORTS

Iraq’s federal government and the Kurdistan Regional Government (KRG) have signed a temporary agreement to restart northern oil exports through Turkey, as part of a broader deal to end decades of political and economic disputes.

Turkey stopped pumping about 450,000 barrels per day (bpd) of Iraqi crude through a pipeline from the Fish-Khabur border area to its Ceyhan port on March 25, after Iraq won an arbitration case. Under the deal, Iraq’s state-owned marketing company SOMO will have the authority to market and export KRG oil, and the revenues will be deposited in an account at the Iraqi Central Bank under the control of the KRG.

The deal is temporary until the budget law passes in parliament.

Crude flows are yet to restart.