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RASCO

Ras Lanuf Oil and Gas Processing Company (Rasco) is a subsidiary of the state-owned National Oil Corporation of Libya. Rasco operates the Ras Lanuf Refinery.

Ras Lanuf Oil & Gas Processing Company
Company typeState-owned Corporation
IndustryPetroleum
Founded1983
Headquarters,
Key people
'Idris Elsetawia (President and CEO)
'
Productsfuel oil
liquefied petroleum gas
naphtha
kerosene
petrochemicals,
ParentNational Oil Corporation
Websitewww.raslanuf.ly

Products edit

Ra's Lanuf is a topping and reforming oil refinery. It became operational in 1984 and produces an estimated 220,000 bbl/d (35,000 m3/d). It is a simple hydroskimming refinery, but its products meet market specifications due to high quality crude oil. Rasco produces fuel oil, gas oil, Liquefied petroleum gas, naphtha and kerosene. The refinery also produces petrochemicals, utilizing naphtha as a feed stock to an ethylene plant with a capacity of 1.2 million tpy (tons per year). Its main products are ethylene (330,000 tpy), propylene (170,000 tpy), Mix C4 (130,000 tpy) and P Gasoline (335,000 tpy).[1]

Background edit

The first construction phase for the Ra's Lanuf petrochemical complex began during April 1987. Rasco contracted Hemijska Industria Pancevo (Yugoslavia) to manage the complex. During the first two years production was well below capacity. It began increasing in 1989 and by 1994 operated at about 85% of capacity. The operation was impacted by UN sanctions, specifically Security Council Resolution 883 of November 11, 1993, which banned Libya from importing refinery equipment. Performance improved after the UN suspended sanctions in April 1999. The ethylene cracker was closed for a four-week maintenance in May 1999. The second phase was scheduled to finish in 1994, with Monenco as manager. However, the venture ran into numerous obstacles. In 1985, Tecnimont won a $50 million management contract, but when the contract expired in 1990, Rasco appointed Monenco. In October 1989, the first contract was awarded to a consortium consisting of Energoinvest, Hemijska Industria Pancevo, INA-Project and Brown & Root. In 1990, Brown & Root ended its participation and was replaced by Technip. In February 1991, Hyundai Engineering and Construction was awarded a $200 million contract for the polyethylene unit, with John Brown Engineering acting as sub-contractor. Included in the contract was a hydrogen and ethylene purification unit. By the end of 1992, Uhde GmbH (German subsidiary of ThyssenKrupp) won the contract. In 1993, Rasco terminated the construction contract due to the consortia failure to fulfill its terms.

Expansion edit

During early June 2007, National Oil Corporation was evaluating investment proposals for upgrading Ra's Lanuf. The total cost of the upgrade is estimated at $2 billion. These expansions will permit the production of benzene, butadiene, and methyl tert-butyl ether. On April 19, 2007, National Oil Corporation and the Dow Chemical Company announced plans to participate in a joint venture to operate and expand the Ra's Lanuf complex.[2] The joint venture agreement encompasses the Ra's Lanuf site's existing naphtha cracker, two polyethylene production facilities and associated infrastructure. The project will include refurbishment and expansion of the existing units, followed by construction of an ethane cracker and additional polyethylene and polypropylene facilities. Later phases will include construction of additional hydrocarbon, plastics and chemical production facilities based on natural gas. Dow is the first global chemical company to participate in Libya.[3]

Notes edit

  1. ^ Libya Analysis: Oil, Gas, Electricity, Coal. Energy Information Administration. July 24, 2007
  2. ^ Libya’s NOC and Dow Chemical Co., Announce Joint Venture Plans To Expand Petrochemical Complex April 18, 2007
  3. ^ Andrew N. Liveris Dow Chemical Company 2007 Annual Meeting May 10, 2007

External links edit

  • Official website
  • Mineral Industry of Libya 2004

rasco, this, article, needs, updated, please, help, update, this, article, reflect, recent, events, newly, available, information, july, 2019, lanuf, processing, company, rasco, subsidiary, state, owned, national, corporation, libya, rasco, operates, lanuf, re. This article needs to be updated Please help update this article to reflect recent events or newly available information July 2019 Ras Lanuf Oil and Gas Processing Company Rasco is a subsidiary of the state owned National Oil Corporation of Libya Rasco operates the Ras Lanuf Refinery Ras Lanuf Oil amp Gas Processing CompanyCompany typeState owned CorporationIndustryPetroleumFounded1983HeadquartersRa s Lanuf LibyaKey people Idris Elsetawia President and CEO Productsfuel oilliquefied petroleum gasnaphthakerosenepetrochemicals ParentNational Oil CorporationWebsitewww raslanuf ly Contents 1 Products 2 Background 3 Expansion 4 Notes 5 External linksProducts editRa s Lanuf is a topping and reforming oil refinery It became operational in 1984 and produces an estimated 220 000 bbl d 35 000 m3 d It is a simple hydroskimming refinery but its products meet market specifications due to high quality crude oil Rasco produces fuel oil gas oil Liquefied petroleum gas naphtha and kerosene The refinery also produces petrochemicals utilizing naphtha as a feed stock to an ethylene plant with a capacity of 1 2 million tpy tons per year Its main products are ethylene 330 000 tpy propylene 170 000 tpy Mix C4 130 000 tpy and P Gasoline 335 000 tpy 1 Background editThe first construction phase for the Ra s Lanuf petrochemical complex began during April 1987 Rasco contracted Hemijska Industria Pancevo Yugoslavia to manage the complex During the first two years production was well below capacity It began increasing in 1989 and by 1994 operated at about 85 of capacity The operation was impacted by UN sanctions specifically Security Council Resolution 883 of November 11 1993 which banned Libya from importing refinery equipment Performance improved after the UN suspended sanctions in April 1999 The ethylene cracker was closed for a four week maintenance in May 1999 The second phase was scheduled to finish in 1994 with Monenco as manager However the venture ran into numerous obstacles In 1985 Tecnimont won a 50 million management contract but when the contract expired in 1990 Rasco appointed Monenco In October 1989 the first contract was awarded to a consortium consisting of Energoinvest Hemijska Industria Pancevo INA Project and Brown amp Root In 1990 Brown amp Root ended its participation and was replaced by Technip In February 1991 Hyundai Engineering and Construction was awarded a 200 million contract for the polyethylene unit with John Brown Engineering acting as sub contractor Included in the contract was a hydrogen and ethylene purification unit By the end of 1992 Uhde GmbH German subsidiary of ThyssenKrupp won the contract In 1993 Rasco terminated the construction contract due to the consortia failure to fulfill its terms Expansion editDuring early June 2007 National Oil Corporation was evaluating investment proposals for upgrading Ra s Lanuf The total cost of the upgrade is estimated at 2 billion These expansions will permit the production of benzene butadiene and methyl tert butyl ether On April 19 2007 National Oil Corporation and the Dow Chemical Company announced plans to participate in a joint venture to operate and expand the Ra s Lanuf complex 2 The joint venture agreement encompasses the Ra s Lanuf site s existing naphtha cracker two polyethylene production facilities and associated infrastructure The project will include refurbishment and expansion of the existing units followed by construction of an ethane cracker and additional polyethylene and polypropylene facilities Later phases will include construction of additional hydrocarbon plastics and chemical production facilities based on natural gas Dow is the first global chemical company to participate in Libya 3 Notes edit Libya Analysis Oil Gas Electricity Coal Energy Information Administration July 24 2007 Libya s NOC and Dow Chemical Co Announce Joint Venture Plans To Expand Petrochemical Complex April 18 2007 Andrew N Liveris Dow Chemical Company 2007 Annual Meeting May 10 2007External links edit nbsp Libya portal nbsp Energy portal Official website Mineral Industry of Libya 2004 Retrieved from https en wikipedia org w index php title RASCO amp oldid 1211694011, wikipedia, wiki, book, books, library,

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