Gulf Oil and Gas accountACCOUNT

Bayshore to Build Heavy Oil Upgrader Facility in Iraq

Source: www.gulfoilandgas.com 5/5/2014, Location: Middle East

Bayshore Petroleum Corp has entered into a Letter of Intent with International Enhanced Petroleum Services (EPS), a private UAE company, to construct a pilot heavy oil upgrading facility utilizing a proprietary cold catalytic cracking (CCC) process. The pilot plant, to be located in Iraq, will initially process 1,000 barrels of bitumen per day using refinery Residual Bottom Bitumen (RBB) as feed and will upgrade that feed into diesel-quality product oil, synthetic gas and coke. The project upgrading capacity is intended to be installed in one of Iraq’s refineries. Currently, the RBB are mixed with Iraq’s light premium crude and exported. An upgrader of RBB will significantly enhance Iraq’s refinery capability by converting their low value waste RBB into high value diesel oil and will also help its refineries to handle ever increasing heavy / light crude mix feedstock. Bayshore and EPS will procure RBB supply directly from the refinery and the 1,000 barrels per day pilot plant is intended to demonstrate the commercial viability of bitumen upgrading into diesel light oil in Iraq and Middle East area. Current Iraqi refining capacity is 640,000 Bopd and there are plans to increase this capacity to 960,000 Bopd in the next few years to meet domestic product demand. A large capacity upgrader in the future will also provide further heavy crude and fuel oil refining capacity to Iraq and open up potential heavy oil exploration/development in the country.

The Letter of Intent contemplates the execution of a formal agreement once terms and conditions of the relationship are finalized.

Bayshore is a Calgary, Alberta based corporation engaged in new technology development in the heavy oil industry. The Common Shares are listed on the TSX Venture Exchange under the trading symbol "BSH".

For more information about related Opportunities and Key Players visit Iraq Oil and Gas Projects

Petrochemicals News in Iraq >>

Qatar >>  2/13/2019 - Qatar Petroleum, for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has concluded a 5-year sales agreement to su...
Iran >>  2/6/2019 - The governor of Khuzestan Province, southwestern Iran, inaugurated two petrochemical projects in Mahshahr Petrochemical Especial Economic Zone (PETZON...

China >>  1/29/2019 - BP, through its new joint venture partnership with Dongming Petrochemical, opened its first branded station in Shandong, China. The new store is the f...
Iran >>  1/29/2019 - The ethane produced by the onshore refineries of phases 22 to 24 of the South Pars gas field is now being fed to petrochemical plants as feedstock. Ac...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Iraq Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.