2011/10/13 CNPC Shell & PetrochinaAQatarΕVRKXJ
CNPC, Qatar Petroleum International and Shell
(China) Limited sign framework agreement
On October 10, CNPC, Qatar Petroleum International and Shell (China) Limited signed a cooperation framework agreement with Taizhou Municipal Government, to jointly build a refining and petrochemical complex in Taizhou, Zhejiang province΄]ΘδBs.
CNPC Vice President Shen Diancheng, Qatar Petroleum International CEO Nasser, Shell (China) Limited Chairman Lin Haoguang, and Mayor of Taizhou Wu Weirong attended the signing ceremony.
The Taizhou refining and petrochemical project will refine imported condensate to produce ethylene and other petrochemicals. It will spur the construction of many midstream and downstream petrochemical projects, highly raise local self-sufficiency rate of petrochemical products, and promote the industrial transformation and upgrading in Zhejiang province.
The project totally costs CNY 80 billion. Shell and Qatar Petroleum International hold a 24.5% stake separately while CNPC hold the rest 51%.
Phase-I includes a wharf processing 20 million tons of crude oil, which has an annual output of 1.2 million tons of ethylene and 300,000 tons of crude oil. Crude oil wharf will be positioned on the Dachen Island of Taizhou. Oil of the project comes from oil produced by Qatar General Petroleum Corporation (QGPC) and Shell's share in Qatar.
Petrochina, Shell and QPI Signed Agreement
for Petrochemical Complex in Zhejiang
On Oct. 10, 2011, PetroChina, Shell (China) Limited and Qatar Petroleum International (QPI) signed a framework agreement for the proposed jv petrochemical complex in Taizhou, Zhejiang Province.
According to industrial media, the total investment of this complex will reach RMB 80 billion, which will include 20 Mt/a refining capacity and 1.2 Mt/a ethylene, the imported condensate as raw material will be sourced from Qatar.
PetroChina will have 51% shares, while QPI 24.5% and Shell 24.5% respectively. In June 2011, NDRC has given the preliminary nod for this complex, in procedure, before start of construction, the project still need to get the environmental approval from MEP (Ministry of Environment Protection) and then the final approval from NDRC.
The complex will be located in Luqiao (H΄) district, Taizhou City, and the Oil Jetty will be located in Dachen Island (εΒ). In the future, the crude oil will be transported by a 23km benthal pipeline.
Condensate is a low-density mixture of hydrocarbon liquids that are present as gaseous components in the raw natural gas produced from many natural gas fields. It condenses out of the raw gas if the temperature is reduced to below the hydrocarbon dew point temperature of the raw gas.
In May 2010, PetroChina and QPI signed a 30 years deal for gas exploration and production in Qatar. Shell, as operator, will hold a 75 percent stakes, with CNPC holding the remainder 25%.
2008/10/29 Asia Chemical Weekly
Petrochina, Shell and QPI
planned petrochemical complex in Zhejiang ΄]ΘδB
Recently, the Taizhou government announced that PetroChina, Shell and Qatar Petroleum International (QPI) had planned a petrochemical complex in Taizhou (δB), Zhejiang Province.
In Jun. 2008, the three companies signed a Letter of Intention in Doha, Qatar, the LoI was signed by Mr Abdulla Bin Hamad Al Attiyah deputy PM, minister of energy & industry and also chairman of QPI, Mr Jiang Jiemin president of PetroChina and Ms Linda Cook executive director of Royal Dutch Shell.
According to the local government, the three parties will jointly start the preliminary study for proposed a 20 Mt/a refinery, a 12 Mt/a ethylene project as well as a 300,000 DWT Crude Oil jetty in Taizhou. The complex will be located in Luqiao (H΄) district, Taizhou City, and the Oil Jetty will be located in Dachen Island (εΒ). In the future, the crude oil will be transported by a 23km benthal pipeline.
According to the LoI, in the proposed integrated petrochemical complex, PetroChina will have a 51% shareholding, while QPI 24.5% and Shell 24.5%.
Now, Petrochina is conducting the market investigation and feasibility study. It is scheduled to send the project proposal to NDRC by the end of 2008; and get the approval from government by the end of 2009.
Location of oil complex in China not decided yet: Shell China
The location of a planned refining and chemical complex, a joint project between PetroChina, Shell China Exploration and Production Ltd (Shell China) and Qatar Petroleum (QP) has not been decided yet, Li Lusha, spokesperson of Shell China told Xinhua Friday.
Li made the comment in response to media reports saying the complex would be built in Taizhou of East China's Zhejiang province.
"We are still evaluating the project's feasibility and will release any further information about it soon," Li said.
PetroChina has submitted the project plan to the National Development and Reform Commission for approval but had not received any reply, Caijing, a leading financial magazine in China, reported Wednesday, citing Zhang Qingyuan, deputy director of program planning division of refining and chemical branch of PetroChina.
Qatar Petroleum International, Sinopec to build ethylene plant in China
Qatar Petroleum International (QPI) and Chinafs Sinopec have signed a memorandum of understanding for construction of an ethylene plant with the capacity to produce between 700,000 and 800,000 tons of ethylene a year in China.Qatar Petroleum International, Sinopec to build ethylene plant in China
QPI , PetroChina & Shell sign LOI for refinery and petrochemical manufacturing and marketing in China
In the presence of His Highness Sheikh Tamim Bin Hamad Al-Thani, the Heir Apparent of the State of Qatar, Qatar signed today with PetroChina Company Limited (PetroChina), and Shell (China) Limited (Shell), a Letter of Intent (LOI) to commence joint preliminary studies to assess the viability of building a refinery and petrochemical manufacturing complex and marketing its products in China. The signing was witnessed also by Mr. Xi Jinping, Vice President of the Peoplefs Republic of China and His Excellency Sheikh Hamad Bin Jassem Bin Jabor Al-Thani, Qatarfs Prime Minister and Minister of Foreign Affairs
The integrated refinery and petrochemical complex will have world-class production capabilities to produce refined fuels and petrochemical products. PetroChina will have a 51% shareholding, QPI 24.5% and Shell 24.5%.
2010-05-16 Petrochina natural gas in Block D close to Ras Laffan.
Qatar Petroleum, Shell and PETROCHINA COMPANY
LIMITED sign new Exploration and Production Sharing agreement
Qatar Petroleum (gQPh) on behalf of the Government of the State of Qatar has signed today a new Exploration and Production Sharing Agreement (gEPSAh) with Shell and PetroChina Company Limited (gPetroChinah) for Qatar Block D.
The agreement was signed in Doha by His Excellency Abdulla bin Hamad Al-Attiyah, Deputy Prime Minister and Minister of Energy and Industry, Peter Voser, Chief Executive Officer of Royal Dutch Shell plc, and Mr. Zhao Dong, Chief Financial Officer of PetroChina International Investment Company Limited.
Under the agreement, the partners will jointly explore for natural gas in Block D. Block D covers an area of 8,089 square kilometres onshore and offshore Qatar and is located close to Ras Laffan.
The Block D concession is for pre-Khuff geological intervals. The overlying Khuff horizon contains the super-giant North Field. Part of the Block D concession extends beneath the North Field.
The total term of this agreement is 30 years and starts with a five year First Exploration Period. During the exploration period, Shell and PetroChina will implement a work programme including exploration technical studies, 2D and 3D seismic acquisition, processing, re-processing and interpretation, and drilling a number of exploration wells to the pre-Khuff formation.
Shell, as operator, will hold a 75 per cent equity share with PetroChina holding a 25 per cent share.
In a success case, Shell and PetroChina will produce the natural gas under Qatar Petroleumfs supervision. Under the agreement QP will be the off-taker of any potential gas produced.