Petronas is considering selling global bonds for the first time in almost five years, following a request, in December, for banks to submit pitches for the proposed dollar-denominated, benchmark-sized bonds, and is expected to pick advisers soon.
The Mozyr oil refinery in Belarus has almost completed construction of a black oil hydrocracking complex. Process equipment is currently being trialled and preparations are underway for start-up and commissioning.
Start-up pf Petroperu’s modernisation project at its Talara refinery to increase its capacity from 65kbd (3.25Mnta) to 95kbd (4.75Mnta) and construct units that can produce lower sulphur products, has been delayed. Costs have ballooned and the plant is not expected to be completed until 2021.
The Waltersmith modular refinery in Ibigwe, Nigeria, is preparing to become operational in 1H20 and meet consumers’ demand for petroleum products by May 2020.
Sinochem is expected to start up a new 60kbd (3Mnta) crude processing unit and a petrochemical complex at its existing 240kbd (12Mnta) refinery in Quanzhou in southeastern China in June 2020.