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Oil Market
2003
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December

12/30/2003 | Oil Market |

COST OF CRUDE -0.6% IN FIRST TEN MONTHS OF 2003

The Italian oil industry association Unione Petrolifera´s periodic estimates show the Cif cost of crude paid by Italian operators in the first ten months of the year was 188.1 euros a ton (-0.6% compared to the analogous period of 2002), the result of a cost at source of $209.40 a ton (+18.2%) and a ...


12/24/2003 | Oil Market |

ENI TO SELL IP

It is now official: IP will be sold, or rather spun off the Eni group. The long-awaited decision (see SN n° 10, 2003, p. 2) was made on Dec. 16 by the company's board of directors. “Staffetta” sources say that the process should begin at the end of January with Eni's public invitation to present expressions of interest. Eni will in any event hold ...


12/12/2003 | Oil Market |

CNCP COMPLETES CONSTRUCTION OF ENI PIPELINE IN LIBYA

China National Petroleum Company (Cnpc), China's largest oil company, has completed construction of a 527 km oil and gas pipeline in Libya, a Cnpc official, who wished to remain anonymous, told “Interfax” news agency on Dec. 9.
The pipeline is a component of Libya's oil and gas outbound transmi ...


12/12/2003 | Oil Market |

PRODUCTION FORECAST AT KARACHAGANAK FIELD LOWERED

British oil and gas firm BG Group said on Dec. 5 that it expected total 2004 production from a key field in Kazakhstan to be lower than previously forecast due to operational delays.
BG said 2004 production at the Karachaganak field in Kazakhstan, which the company operates with Eni (see SN n° 32, 2003, p. 3), would be around 35mn barrels of ...


12/03/2003 | Oil Market |

GELA REFINERY STILL SHUT DOWN

Eni's Gela refinery is still closed, despite the fact that the judge returned to the company 16 of the more than 130 storage tanks impounded in the last few works after a preliminary technical investigation found that they were as secure as Eni had shown them to be (see SN n° 43, 2003, p. 2). But too few of the tanks have been unsealed to get the ...


12/03/2003 | Oil Market |

NORWAY OFFERS OIL LICENSE TO AGIP

Norway awarded 19 oil and gas production licenses on Dec. 1 to 13 firms in mature areas of the North Sea and Haltenbanken area of the Norwegian Sea, the Oil and Energy Ministry said in a statement. “The companies will be offered participation in a total of 39 blocks or parts of blocks,” the ministry ...


November

11/28/2003 | Oil Market |

COST OF CRUDE: +1.1% IN THE FIRST NINE MONTHS OF 2003

The regular estimates of the Italian oil industry association Unione Petrolifera show that the Cif cost of crude paid by Italian operators in the first nine months of 2003 was 189.1 euros per ton (+1.1% compared to the same period of 2002), resulting from a cost at the source of $209.40 a ton (+20.3 ...


11/28/2003 | Oil Market |

TWO NEW ENI OIL DISCOVERIES IN KAZAKH NORTH CASPIAN SEA

On Nov. 24, Cjsc Nc Kmg, the authority representing Kazakhstan's interests in the north Caspian production sharing agreement (Psa), and Agip Kco, the operating company in the north Caspian Sea Psa, announced successful completion of the first offshore exploration wells on the Aktote and Kashagan Sou ...


11/20/2003 | Oil Market |

EIA PROCEDURE FOR VENICE OIL TERMINAL ABOUT TO BEGIN

“Staffetta” sources say that publication of the environmental impact assessment (Eia) for the oil terminal off the Venetian coast is imminent. The terminal will make it possible to keep oil tankers out of the lagoon. Drafted in December 2002 by infrastructure minister Piero Lunardi, the project was ...


11/20/2003 | Oil Market |

GELA REFINERY CLOSED, ENI-LABOR UNION AGREEMENT

Refining operations have stopped, while the so-called auxiliary services continue to function, making it possible to fuel the desalination plant which provides the city with water. This is the present situation of the Eni refinery in Gela, little more than a week after the order to impound 92 of the ...


11/20/2003 | Oil Market |

ENEL IN TNK-BP URALS CRUDE TENDER

Russia's third largest oil firm Tnk-BP's yearly Urals crude oil tender saw the departure of two old customers and the arrival of some surprising names, including Enel.
Tnk-BP said on Nov. 17 that nine firms – four with refining interests and five with global trading interests – won the tender f ...


11/13/2003 | Oil Market |

GELA REFINERY RISKS CLOSURE

At the end of a series of investigations undertaken last year, judicial officials in Caltanisetta ordered the sequestering of 92 of the 134 storage tanks being used at Eni's Gela refinery. The measure was taken because of possible ground and underground pollution caused by leaks. The tanks had alrea ...


11/06/2003 | Oil Market |

FUEL DISTRIBUTION MARKET SHARES IN 2003

On the occasion of its presentation to analysts of the 2004-2006 three-year plan (see SN n° 40, 2003, p. 6), Erg put out its own estimates of the market shares of companies operating in the Italian fuel distribution network in 2003.
According to Erg, the first effects of the slimming diet forced on Eni (and its affilates Agip and IP), are to ...


October

10/23/2003 | Oil Market |

USED OILS: 2003 COLLECTION OVER 33% OF VOLUME OF OIL PUT ON MARKET

The obligatory used oil consortium, Consorzio Obbligatorio degli Oli Usati, is not resting on its laurels, but is “raising its goals” after 20 successful years. In 2003 it intends to collect the equivalent of 33.1% of the lubricating oils put up for sale in Italy, according to a statement the consor ...


10/16/2003 | Oil Market |

COST OF CRUDE +2.8% IN FIRST EIGHT MONTHS OF 2003

The periodic estimates of the Italian oil industry association Unione Petrolifera show that the Cif cost of crude paid by Italian operators in the first eight months of the year was 189.90 euros a ton (+2.8% compared to the same period last year), resulting from a cost at the source of $209.90/ton ( ...



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