by admin | May 25, 2021 | Muslim World
Manama : A new oil pipeline was launched on Monday during a ceremony that was attended by leaders from Bahrain and Saudi Arabia.
Bahrain’s King Hamad praised strong ties between the two countries as he launched the AB-4 pipeline to celebrate over 70 years of bilateral energy cooperation, Xinhua news agency reported.
Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud also attended the event.
The new 112-km long AB-4 oil pipeline has a capacity of over 350,000 barrels of crude oil per day, which will replace the existing 73-year-old pipeline system.
The new oil pipeline starts from Saudi Aramco’s Abqaiq Plants and finish at the Bahrain Petroleum Company (Bapco) Refinery in Bahrain.
“Bahrain cherishes the strong historic bonds it shares with Saudi Arabia and is committed to further strengthening these ties to drive continued sustainable development,” said King Hamad in a statement released by the Bahrain News Agency.
The country’s top leader praised the Saudi leadership and the longstanding cooperation between Bapco and Saudi Aramco, a partnership which has continually enhanced bilateral relations since 1945.
The Saudi crown prince visited Bahrain as part of his tour, and met with senior Bahraini officials including Prime Minister Prince Khalifa bin Salman Al-Khalifa and Crown Prince Salman bin Hamad Al-Khalifa.
Bahrain’s Cabinet and the Shura Council praised the high-level visit by the Saudi crown prince and said it reflects strong bilateral ties.
—IANS
by admin | May 25, 2021 | Commodities, Commodities News, World
By Barry Ellsworth,
Trenton, Canada : Crude oil will start flowing again through the Keystone XL pipeline Tuesday after it was shut down earlier this month due to a 210,000-gallon spill in South Dakota.
TransCanada Corporation said Monday in a release that the repair and restart plans “have been reviewed by the Pipeline and Hazardous Materials Safety Administration (PHMSA) with no objections, permitting a safe and controlled return to service of the Keystone System.”
But TransCanada said that as a precaution, the restart would be at reduced pressure “to ensure a safe and gradual increase in the volume of crude oil moving through the system”.
The pipeline, which carries crude oil from the Alberta Oil Sands in Canada to Houston, Texas, normally handles 590,000 barrels per day.
The spill, which occurred Nov. 16, was the largest in South Dakota’s history.
The off-again, on-again TransCanada pipeline has had a controversial history.
The company proposed a route through Montana to increase capacity. It was turned down by President Barack Obama in 2015 but reversed by President Donald Trump.
TransCanada also proposed a route through Nebraska, and despite the South Dakota spill, the state gave its approval but threw a wrench into the works when it approved an alternate route.
Canadian media reported Tuesday that TransCanada asked that the Nebraska Public Service Commission reconsider its ordered route change.
But TransCanada spokesman Terry Cunha said the company is not asking for the route to be reconsidered but rather involves explaining some questions about the change.
The Nebraska approval clears away the last hurdle for the Keystone pipeline to carry about 830,000 barrels a day to the U.S. market.
—AA
by admin | May 25, 2021 | Muslim World
By Haydar Hadi,
Baghdad : Iraq is planning to build a new pipeline to export oil from its Kirkuk province to Turkey’s port of Ceyhan in the southern Adana province, an Iraqi Oil Ministry spokesman said on Sunday.
In a statement, Asim Cihad said, “Jabbar Ali Hussein Al-Luiebi, the minister of oil, has ordered the related authorities to start initial preparations for construction of a new pipeline from the city of Baiji [in the Saladin province, near Kirkuk] reaching to the Fish-Khabur border crossing with Turkey.”
Cihad said the new pipeline would serve to replace an old pipeline which suffered severe damaged in terror attacks.
Companies interested in building the new pipeline will be invited to the ministry, he said.
Unidentified attackers on several occasions blew up the strategic Kirkuk-Ceyhan oil pipeline in Iraq’s northern Kirkuk province.
Iraq is the second-largest crude oil producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia, and holds the world’s fifth-largest proven crude oil reserves after Venezuela, Saudi Arabia, Canada, and Iran, according to the U.S. Energy Information Administration (EIA).
—AA