What I meant was even oil prices are declined, they won't adjust the oil prices according to current market price.

That's because May got bi-elections where they shall be increasing rm0.20 but they never.
So they are scooping back on June and July.
For fuel price to come out, government only need 1 day in the month for high crude price.
But for them to reduce fuel price, they need to have at least 3 weeks straight low price
As Jib said before : rakyat diperbodohkan

hence, please ensure current skill is applied to terminal as well, haha

now RAPID oso need to consider Euro 6 as well, but still subjected to government how they lobby for this requirement extension, if the cost to high, then the option is to import Euro 6 fuel like current Euro 4.

the more stringent the law, less ppl can comply, then u can control better the market, haha



(^__^)

To stay in the game, new refinery that being built has to be ready with Euro6 and above, and should be processing high sulphur crude from Middle East. This is how to make money from low crude oil price.
Processing sweet crude won't do any good for long term

Depend on what "long term" of business we are looking at, haha. Perhaps when RAPID ready for Euro 6, Euro 8 already come out, hehe. OnG company can lobby for it to government (Euro 4 implemented 2005) as u need huge investment for improvement. Government oso don't want them to close shop as these companies oso generate income to nation.

sweet crude = high price = less hassle to process = plant setup oso not complicated (plus u can push for higher Euro standard with minimal equipment upgrading) = but source limited
sour crude = cheap = difficult to process = need high end equipment (cracker etc.) = source still abundant

there is always pro n cons. also, problem when other ppl set higher standard and we have to decide whether u want to follow or not (immediately or later). big game to play

(^__^)

This post has been edited by nash9701: Jul 21 2015, 06:06 PM

From what I know all the design and costing work is done. I don't know if they can change on the fly.

I also heard that the project is delayed.

You only need hydro treater to remove sulphur
Those mega refineries are "complicated" as they are not just refining, more on producing chemical feed stock together.
Price difference between sweet and sour crude can be USD30 per barrel, this is how Saudi making money now.

Is not heard, is confirmed delay. Getting Flour to do the job, if does not delay, I cut

mmg confirm delayed as usual...

u r right on this, hehe, i'm not expert on detail process. But still it just not as simple as to bring hydro-treater only to make the plant able to process sour crude

Note : RAPID capacity 300kbd. Talking about USD 9M per day revenue (for USD30 barrel difference).

(^__^)

A hydro treater can be add on to existing refinery.

otais sekalian,

i have questions about rotating equipment (roteq la, full name too long) engineer if you dont mind me asking. what are the differences between roteq eng downstream vs upstream, and onshore vs offshore? do they differ greatly? would it be too difficult for downstream roteq eng to adapt to upstream operations if he/she wants to transfer?

your response is greatly appreciated, thank you

Eureka! That's the solution! Should hire u to solve it 😁

Nope, nobody wire hire me, since giving such idea in Malaysia will resulting to project side cannot songlap

hahaha

Haha, I'm not UTP Grad la. Just fully utilize google.

This post has been edited by jamaluddin4: Jul 22 2015, 12:25 PM

No songlap operation, boss cannot make money, project cannot move
Even if just add on or upgrade need to do plannings. More restrictions.

Crude Oil Price

USD50 as of today


Attached thumbnail(s)

Hope Iran can help make a push, test USD40

Market analyst say that Crude Oil price will need 3yrs to recover and this view was b4 the Iran announcement.

Many ppl are expecting end of this year to next yr, but I doubt it...

With another oil major country like Iran to pump to full capacity...

How is Russia coping with this lower oil revenue?

How long can ONG company retain the number of staff they have now if market continue to be bleak for another 2-3years to come?

Saudi are changing their strategies, from just crude oil export last time, now they will start controlling this. Instead, they will be exporting finished products.
For oil relying countries, it is very sad for them, even a country in Africa has bankrupt on this and their leader openly cry and blame the 2 giants(US and Saudi) on causing this
Now O&G companies are starting to slash or retrench their staffs, where upstream are the most impacted. Like Shell already planned to slash 1000 of its upstream staffs. Downstream looks ok, but usually before a thunderstorm, it will be dead quiet.
Banking industries already slashed ~4000 within 18 months, so more will come.
Better make sure you have other skills as when you accidentally get slashed, it will be your back up plan. Lucky that I know how to cook, so it does not really affect me. If were to say the effect, now everyday I have to wake up early and start preparing food. The return is, I no need to pay 5 figures of tax next year