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Korea-based Hanwha Total to expand PP production capacity by 60%


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Pic: Shutterstock
Petrochemical company Hanwha Total Petrochemical (HTC) has invested $1.3 billion to develop new polypropylene (PP) line at the Daesan complex in Korea to boost its production capacity by 60 per cent, bringing it to 1.1 million tons per year. A new propane furnace has also been set up to increase ethylene production capacity by 10 per cent.
The total ethylene production of the unit will now be 1.5 million tons per year, the company said in a press release.
The projects announced in 2017 and 2018 to expand the production capacity at the Daesan integrated refining and petrochemical complex, take advantage of abundant, cost-advantaged propane feedstock from the US. ....

South Korea , Bernard Pinatel , Hanwha Group , Hanwha Total Petrochemical , Total Petrochemical , France Based Total , News Desk , தெற்கு கொரியா , ஹன்வா குழு , ஹன்வா மொத்தம் பெட்ரோ கெமிக்கல் , மொத்தம் பெட்ரோ கெமிக்கல் , பிரான்ஸ் அடிப்படையிலானது மொத்தம் , செய்தி மேசை ,

Iraq considers purchasing ExxonMobil's share in West Qurna 1 oilfield


Iraq considers purchasing ExxonMobil’s share in West Qurna 1 oilfield
04 May 2021 (Last Updated May 4th, 2021 12:44)
Iraq is reportedly planning to purchase ExxonMobil’s stake in the West Qurna 1 oil field via state-owned firm Basra Oil Co (BOC).
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ExxonMobil intends to sell 32.7% stake in the West Qurna-1 oil field. Credit: John R Perry / Pixabay.
Iraq is reportedly planning to purchase ExxonMobil’s stake in the West Qurna 1 oil field via state-owned firm Basra Oil Co (BOC).
Iraq Oil Minister Ihsan Abdul Jabbar was quoted by Reuters as saying that the ministry is considering BOC ‘taking ownership of the Exxon stake in West Qurna 1 and leading the project, as happened with Majnoon’. ....

Ihsan Abdul Jabbar , China Petroleum Chemical Corporation Sinopec , Midland Oil Comopany , Iraq Oil , Iraqi Ministry Of Oil , Basra Oil Co , West Qurna , Oil Minister Ihsan Abdul Jabbar , Iraqi Ministry , Exxonmobil Operated West , China Petroleum , Chemical Corporation , France Based Total , இசன் அப்துல் ஜபார் , இராக் எண்ணெய் , இராகி அமைச்சகம் ஆஃப் எண்ணெய் , பாஸ்ரா எண்ணெய் இணை , எண்ணெய் அமைச்சர் இசன் அப்துல் ஜபார் , இராகி அமைச்சகம் , சீனா பெட்ரோலியம் , இரசாயன நிறுவனம் , பிரான்ஸ் அடிப்படையிலானது மொத்தம் ,

Equinor makes oil and gas discovery at Tyrihans field offshore Norway


Equinor makes oil and gas discovery at Tyrihans field offshore Norway
21 Apr 2021 (Last Updated April 21st, 2021 16:43)
Equinor and partners have made oil and gas discovery at the Tyrihans field in the Norwegian Sea.
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The well 6407/1-A-3 BH was drilled using the Transocean Norge drilling rig. Credit: wasi1370 / Pixabay.
Equinor and partners have made oil and gas discovery at the Tyrihans field in the Norwegian Sea.
The discovery was made during the drilling of the exploration well 6407/1-A-3 BH from subsea template A at the Tyrihans North field.
According to estimates, the discovery holds between 19 million and 26 million barrels of oil equivalent (boe) of recoverable resources. ....

Norwegian Sea , Oceans General , Transocean Norge , Nick Ashton , Tyrihans North , France Based Total , நோர்வே கடல் , பெருங்கடல்கள் ஜநரல் , டிரான்சோசியன் நோர்ஜ் , நிக் ஆஷ்டன் , பிரான்ஸ் அடிப்படையிலானது மொத்தம் ,