Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gasification Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (824)	4/4/2007 4:48:03 PM
From: upanddown	Read Replies (1) \| Respond to of 1740

Dennis SSL's lack of both candor and information regarding ORYX bothers me. I calculate 30,000 tonnes as approx 220,000 barrels of diesel. I'm not sure whether this shipment size has to do with the capacity of European product tankers or whether production is cranking up very slowly. From the scanty info available, they appear to have been producing for approx 70 days (and maybe 90 by shipment date). That shipment size seems low but who knows since we have received nothing about production to date, current production rates and how fast production is rising. For the largest GTL operation worldwide to have shipping and berthing delays for the first shipment seems lame. I would have thought Sasol, Chevron and Qatar would have gone to great lengths to avoid that after all the prior delays. Lots of companies try to put their best face on problems but Sasol seems to take it to an extreme. John

To: Dennis Roth who wrote (824)	4/24/2007 6:06:16 PM
From: Dennis Roth	Respond to of 1740

Sasol Chevron Confirms First Oryx Shipment Within Seven Days DOW JONES NEWSWIRES April 24, 2007 6:20 a.m. LONDON (Dow Jones)--The first shipment of a virtually sulfur-free diesel fuel made from gas by a joint venture between Sasol Ltd. (SSL) and Chevron Corp. (CVX) in Qatar will take place within the next seven days, a spokesman said Tuesday. Sasol-Chevron communications head Malcolm Wells said at the World GTL Summit here that the first product from its Oryx gas-to-liquids plant would leave by the end of this month. The company had previously predicted first shipments from the plant, with a daily output of 34,000 barrels, would be made by the end of the first quarter 2007. The Oryx plant, set up by state-owned Qatar Petroleum, which holds 51%, and South-Africa's Sasol with 49%, will also produce naphtha for export to Asia and liquefied petroleum gas, company officials have said. Oryx has been delayed by several months due to problems during the plant's construction. Wells said: "If you were to say the diesel is going towards Europe and the naptha towards Asia, you would not be far wrong." Sasol Chevron could offer the U.S. product but "Europe is a thirsty market," he added. More shipments are planned but Wells couldn't say when as the Oryx plant is only now undergoing its start-up processes. -By Nick Heath, Dow Jones Newswires; +44 (0)20 7842 9405; nicholas.heath@dowjones.com

To: Dennis Roth who wrote (824)	4/25/2007 5:45:15 AM
From: Dennis Roth	Respond to of 1740

Qatar’s first GTL plant set to start shipping ‘soon’ Published: Wednesday, 25 April, 2007, 08:43 AM Doha Time gulf-times.com LONDON: Oryx GTL, a joint venture between Qatar Petroleum and South Africa’s Sasol Ltd, will begin product shipments from Qatar’s first gas-to-liquids plant by the end of the month, a spokesman said. The $1bn Oryx venture in Ras Laffan Industrial City had previously planned to send its first fuel cargo by the end of the first quarter. “The shipment will take place in the next seven days, before the end of April” Malcolm Wells, a Sasol Chevron spokesman, said at a conference in London yesterday. Sasol Chevron, a venture of Sasol and Chevron Corp, is handling product marketing for Oryx, which is designed to produce as much as 34,000 barrels a day of synthetic diesel, naphtha and other products, using natural gas as its feedstock. The venture is owned 51% by state-run Qatar Petroleum and 49% by Sasol. The project originally required an investment of $950mn. Rising costs pushed it up to $1bn, Wells said. “Those hoping to get into the industry would do well to learn,” he said. In February and March, the GTL plant was producing 9,000 barrels a day of product, Wells said. – Bloomberg