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Iran starts on Qeshm bitumen plant

  • : Oil products
  • 21/01/22

Iran-based Qeshm is due to start production at its new 935,000t/yr bitumen plant from this year's third quarter following pre-commissioning of the refinery last week.

The first phase of the 35,000 b/d Pars Behin Qeshm Oil Refinery was inaugurated on 14 January. The refinery is located at Qeshm island, near the strait of Hormuz that is the main waterway for transporting crude and oil products from Iran and other Mideast Gulf states.

The project has two phases with the first processing extra heavy crude with bitumen as the main product. The second phase uses lighter crude grades producing naphtha, kerosine and gasoil after hydrosulphur treating.

This refinery can produce penetration bitumen grades such as pen 40/50, 60/70 and 85/10. It expects to export at least 95pc of the bitumen production to the international market.

Extra heavy crude feedstock for the refinery will be supplied from the Soroosh and Nowrouz refineries. The feedstock supplies are expected to come in vessels to a jetty on Qeshem island and then transferred by pipelines to the Pars Behin Qeshm Oil Refinery. The port at the island is currently under construction.

This is expected to be Iran's first bitumen plant that will use extra heavy crude instead of vaccuum bottom feedstock for bitumen production. Further details were unavailable.

"We [expect] Iran's bitumen production volume will increase in the second half of the coming Iranian year when this refinery starts production and exports," said a domestic industry participant.


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25/01/14

Colonial shuts Line 1 due to Georgia spill: Update

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Houston, 14 January (Argus) — Colonial Pipeline's main gasoline bearing line may be closed for more than a day as the company responds to a gasoline spill in Georgia detected on Tuesday. "Colonial has taken Line 1 out of service temporarily while we respond to a potential product release," the company said in a notice. "Normal operations continue on the remainder of the system." The spill occurred in Paulding County, Georgia, about 25 miles southwest of Marietta, Georgia. The company said it had crews on site responding to the incident. The company did not provide information on when the line would restart. Market sources said leak was small but it could take up to two days to resume operations. Line 1 has capacity to carry up to 1.3mn b/d of gasoline from Houston, Texas, to Greensboro, North Carolina. Cash prices for US Gulf coast 87 conventional gasoline in the Gulf coast ended Tuesday's session down by 3.19¢/USG at $2.115/USG, reversing gains from the previous session's 14-week high that was driven by higher blending demand. Liquidity fell during Tuesday's trading session with uncertainty over the length of the pipeline shut-down. The pipeline leak did not affect line space trading on Tuesday, which had already been falling. Values saw their sixth session of losses, shedding 0.25¢/USG day-over-day. A trade was reported at -1.5¢/USG, prior to the notice of the pipeline shut down, with no further trades reported for the remainder of the session. By Hannah Borai Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

New York to propose GHG market rules in 'coming months’


25/01/14
25/01/14

New York to propose GHG market rules in 'coming months’

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Biomethan: Missbrauchsverfahren gegen THE gestartet


25/01/14
25/01/14

Biomethan: Missbrauchsverfahren gegen THE gestartet

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Singapore bunker prices rise to multi-month highs


25/01/13
25/01/13

Singapore bunker prices rise to multi-month highs

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Brazil’s inflation decelerates to 4.83pc in December


25/01/10
25/01/10

Brazil’s inflation decelerates to 4.83pc in December

Sao Paulo, 10 January (Argus) — Brazil's headline inflation decelerated to 4.83pc at the end of 2024, as declines in power costs were only partially offset by gains in fuel and food, according to government statistics agency IBGE. The consumer price index (CPI) slowed from 4.87pc in November and compared with 4.76pc in October. The year-end print compared with 4.62pc in December 2023, but was down from 5.79pc in December 2022. Food and beverage costs rose by an annual 7.69pc in December, accounting for much of the monthly increase, following a 7.63pc annual gain in November. Beef costs increased by an annual 20.84pc in December following a 15.43pc annual gain for the prior month. Higher beef costs in the domestic market are related to the Brazilian's real depreciation to the US dollar, with the Brazilian real depreciating by 27.4pc to the US dollar between 31 December 2023 and the same date in 2024 . Still, beef prices decelerated by 5.26pc in December alone, down from 8pc in November. Soybean oil rose by 29.21pc over the year, an increase of 1.64 percentage points from November. Fuel prices rose by an annual 10.09pc in December after an 8.78pc gain in November. Motor fuel costs grew by 0.7pc in December, compared with a 0.15pc drop in the prior month, thanks to higher gasoline prices. Diesel prices increased by 0.66pc in the 12-month period, while it decreased by 2.25pc in November. Gasoline prices — the major individual contributor to the annual high, according to IBGE — rose by 9.71pc in December from 9.12pc in the prior month. Still, that was lower than in December 2023, when the annual inflation for gasoline stood at 11pc. Power costs in December contracted by an annual 0.37pc in December, as improvements in power generation allowed for removal of a surcharge from customer bills, after a gain of 3.46pc the prior month. In November, Brazil faced lower river levels at its hydroelectric plants after a period of severe droughts . Brazil's central bank is targeting CPI of 3pc with a margin of 1.5 percentage point above or below. Brazil's central bank in December raised its target rate to 12.25pc from 11.25pc as the real's depreciation accelerated. It also signaled it is likely to increase the rate to 14.25pc by March. Monthly inflation accelerated to 0.52pc in December from 0.39pc in November. But the rate was lower than in December 2023, when it stood at 0.56pc. By Maria Frazatto Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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