Iranian researchers manufacture crude oil disposal reinjection units

Flag of Iran.svg

April 17, 2018

TEHRAN – Researchers at a knowledge-based company in the city of Mashhad designed crude oil disposal reinjection units which improve the quality of crude oil.

The company was recognized as the second laureate in research and development section for their research work on crude oil disposal reinjection units at the 31st Khwarizmi International Award, which was held on February 24 in Tehran.

Crude oil usually contains dissolved salty water in extraction process and over the time, as the volume of gas and crude oil decrease, the amount of salty water increase, Alireza Nasseri Hosseini explained in an interview with the Tehran Times on Wednesday.

Desalting systems are designed to eliminate or reduce dissolved salty water to 8 P.T.B. (8 pound in 1000 barrel), he added.

He named the advantages of desalting units, which reduce corrosion, prevent obstruction in equipment, protect catalyst and improve the quality of crude oil.

In this way, the maximum capacity of units are used and the efficiency of refineries are increased, he explained.

He said that separated salty water enter a wastewater treatment system for isolating oil particles and then are injected to a dead-well near the plant.

The units include hydro cyclone, which is used for isolating oil particles from salty water(from 1000 ppm to 100 ppm), nutshell filters, which is used for completing the isolation of oil particles of up to 25 ppm and extracting solid particles bigger than 100 µ, storage tanks, main pumps and booster pumps.

Crude oil disposal reinjection units of the company support maximum capacity of 10,000 BPD with the injection pressure of 1,600 PSIg, he concluded.

All hydraulic data in this system are saved and can be sent to the data center wirelessly. Shorter time of overhaul in compare to the similar system, compact design of unit with no cavitation, local explosion proof control panel are other advantages of this unit.

SB/MQ/
EN

 

Source :  Tehran Times

International organisations forecast positive expectations for Egypt’s economy

Flag of Egypt.svg

IMF increases growth in Egypt to projected 5.2% this year

The International Monetary Fund (IMF) raised its forecast for the growth of the Egyptian economy during the current fiscal year to 5.2%, up from 4.8%.

The IMF, in its world economic outlook report, maintained a 5.5% growth projected for Egypt in the coming fiscal year.

The IMF’s projections are consistent with government targets for the current fiscal year at 5.2%, but are less optimistic about the next fiscal year, for which the government targets 5.8% growth.

The report showed that the average inflation expectations could slightly increase in the current fiscal year to 20.1%, and 13% next year, compared to the 21% and 13.7% respectively stated in the second review forecast published in January.

The IMF also raised its expectations for the current account deficit to 4.4% this year and 3.9% next year, replacing its previous estimates at 4.5% and 4%.

Meanwhile, the report predicted an improvement in the unemployment rate this year, projecting 11.1% on average this year and 9.7% next year, compared to 11.2% and 9.9% in the previous report during the second review for the economic reform programme.

According to the financial statement for the next fiscal year budget, issued days ago by the Ministry of Finance, the government expects the average unemployment rate to reach 10.8% in the current fiscal year and 10-11% in the coming year.

Over the last 15 months, Egypt has been implementing an economic reform programme in cooperation with the IMF. This programme included the floatation of the national currency, slashing energy subsidies, reforming the taxation system, and, in return, lending Egypt $12bn over three years. Egypt has since obtained half the loan.

The IMF mission is due to visit Cairo next month for the third review of the economic reform programme, under which Egypt will receive a tranche of about $2bn.

The World Bank (WB), in a Monday statement, expected that the budget deficit will narrow to 9.8% of GDP in FY 2017/18, adding, “this is slightly higher than initially-budgeted, due to larger interest payments, higher international oil prices, and larger-than-budgeted exchange rates.”

The WB said that the fiscal consolidation programme is expected to rely on revenue mobilisation, in particular on the increase in VAT receipts, in addition to energy subsidy reforms.

“The current account deficit is expected to narrow to 4.9% of GDP in FY 2017/18, from 6.6% of GDP in FY 2016/17,” the statement added.

The WB noted that improvements in oil-importing countries is also expected to be driven by a sharp rebound in Egypt. Stabilisation policies, reforms, and a surge in foreign receipts are expected to lower fiscal and external imbalances in 2018 and beyond.

“In the short term, the outlook for MENA remains positive, and the growth rebound is expected to hold firm over the next two years, reaching 3.3% in 2019 and 3.2% in 2020,” said the WB.

Egypt is number one in terms of GDP growth in the Middle East compared to the GCC countries, as the growth rate of the Egyptian pound ranges between 1% and 2%, according to Oumnia Boualam, country director at Oxford Business Group.

Boualam said that Egypt is the centre of growth as the country is more competitive and attractive for more investments.

The year 2017 was the best year for many companies in the sectors of infrastructure, real estate, and banking, Boualam said, explaining that the year witnessed an infrastructure boom in building materials and suppliers as well as other sectors.

“I expect more growth in GDP, as Egypt, at the beginning of 2017, was expected to achieve 4.5% GDP growth but by the end of the year, the country had achieved over 5% GDP growth, which clearly shows that the foreign direct investments (FDIs) have increased. Furthermore, if you look at particular sectors you will see a lot of FDIs in the industry sector, especially multinational companies looking for investment in Egypt,” Boualam.

Boualam noted that in the first quarter of 2017, the Egyptian people were still absorbing the shock of liberalising the exchange rate. However, people became more confident and companies made more investments in the last six months of 2017.

 

Source : Daily News Egypt

Drukair opts for the A320neo

Unmatched performance for high altitude airports

 

Drukair, the flag carrier of Eastern Himalayan Kingdom of Bhutan, has signed a purchase agreement for one A320neo to support its growth plans and complement its existing fleet of three A319s. The aircraft will be powered by CFM Leap-1A26E1 engines optimized for high altitude operations and will become the largest aircraft operating out of Drukair’s base in Paro.

Paro, located at an altitude of 7,300 feet and surrounded by high mountains, is one of the world’s most challenging airports. Thanks to the A320neo’s unmatched performance it will become the largest aircraft to operate from Paro offering greater payload capabilities and highest passenger comfort levels than any other product.

Featuring a two class cabin layout, the aircraft will be deployed to increase capacity on existing regional routes to Singapore, Bangkok, Kathmandu, Delhi and, Calcutta.

The A320neo Family incorporates the very latest technologies including new generation engines and Sharklets which together deliver at least 15 percent fuel savings at delivery and 20 percent by 2020. With some 6,000 orders received from nearly 100 customers, the A320neo Family has captured some 60 percent share of the market.

 

Source : Airbus WEBSITE

Boeing Delivers First 737-800 Boeing Converted Freighter

• Launch customer GE Capital Aviation Services takes delivery of first-in-service 737-800 Boeing Converted Freighter (BCF)

• Next-Generation 737 converted freighter is here

Boeing 737-800 converted freighter takes off from Victorville, Calif.

LEICESTERSHIRE, England, April 19, 2018 – Boeing [NYSE: BA] today announced the delivery of the first 737-800 Boeing Converted Freighter (BCF). The first customer is GE Capital Aviation Services (GECAS) and the freighter will be operated by West Atlantic Group, based in Sweden.

“We’re excited to be the first operator of the 737-800BCF,” said West Atlantic’s chief executive, Fredrik Groth. “The additional capacity and Next-Generation efficiency offered by this new aircraft will deliver real benefit to our customers and we’re delighted to be at the forefront of deliveries of this new technology. With the 737-800 BCF, we expect to improve reliability, lower aircraft operating costs, and provide a better environmental footprint.”

West Atlantic will receive four 737-800 aircraft within the next 11 months and, once delivered, the company will operate 23 Boeing 737 freighter aircraft.

“We are very proud to be the launch customer for the 737-800 BCF, and pleased to supply this inaugural aircraft to West Atlantic,” said Richard Greener, GECAS’ Senior Vice President & Manager, Cargo Aircraft Group. “This freighter type is an important complement to our portfolio as we support our customers across expanding air cargo markets.”

Boeing’s Current Market Outlook forecasts that over the next 20 years, customers will need more than 1,100 standard-body converted freighters.

“The 737-800BCF brings customers the next generation of freighters,” said Mike Fleming, vice president, Commercial Services, Boeing Global Services. “For the first time, operators get one-stop shop support throughout the lifecycle of a standard-body freighter – originally manufactured by Boeing, converted by Boeing, and supported by Boeing.”

Through its freighter conversion program, Boeing transitions passenger airplanes into freighters, extending the service life of the airplane. The 737-800BCF carries more payload – up to 23.9 tonnes (52,800 lbs) – and has longer range – 2,000 nautical miles (3,750 km) than other standard-body freighters – providing capability to open new markets. The 737-800BCF freighter also offers operators newer technology, lower fuel consumption and better reliability than other standard-body freighters. It primarily will be used to carry express cargo on domestic / short haul routes.

For the 737-800BCF, Boeing has received 45 orders and commitments, from seven customers including: YTO Airlines, based in Hangzhou, China; China Postal Airlines, based in Beijing, China; GECAS, based in Ireland; Air Algerie, based in Algiers, Algeria; LAS Cargo, based in Bogota, Colombia; Cargo Air, based in Sophia, Bulgaria ; and an unannounced customer.

Twelve pallet positions provide 4,993 cubic feet (141.4 cubic meters) of cargo space on the main deck of the 737-800BCF. This will be supplemented by two lower-lobe compartments, combined providing more than 1,540 cubic feet (43.7 cubic meters) of space for revenue-generating cargo.

Existing passenger airplanes will be modified at select facilities located near conversion demand, including Boeing Shanghai Aviation Services Co. Ltd., and Taikoo (Shandong) Aircraft Engineering Co. Ltd., also known as STAECO, in China. Modifications include installing a large main-deck cargo door, a cargo-handling system and accommodations for up to four non-flying crew members or passengers.

About GECAS

GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing. With 50 years of aviation finance experience, GECAS offers a wide range of aircraft types including standard-bodies, wide-bodies, regional jets, turboprops, freighters and helicopters, plus multiple financing produces and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting. GECAS owns or services a fleet of nearly 2,000 aircraft (1,685 fixed wing/310 rotary wing) in operation or on order, plus provides loans collateralized on an additional ~400 aircraft. GECAS serves ~250 customers in over 75 countries from a network of 26 offices. gecas.com

About West Atlantic

The West Atlantic Group is one of the market leading providers of dedicated airfreight services to European NMO’s and airfreight capacity to Global Integrators and Freight Forwarders. The Group has a well-established geographic network and operates a customized aircraft fleet, whereof a majority is wholly owned. West Atlantic was founded in 1962 and is headquartered in Gothenburg, Sweden. Operators are performed all over Europe and in 2017 West Atlantic had 459 employees.

About Boeing Global Services

Boeing Global Services, headquartered in the Dallas area, was formed by integrating the services capabilities of the government, space and commercial sectors into a single, customer-focused business. Operating as a third business unit of Boeing, Global Services provides agile, cost-competitive services to commercial and government customers worldwide.

Contacts

At 737-800BCF Delivery Ceremony

Charles Stuckey
Luther Pendragon
+44 078 3320 5532
CharlesStuckey@luther.co.uk

United Kingdom  

Keelan Morris
Boeing UK Communications
Office: +44 020 8235 5664
+44 077 9882 8790
Keelan.j.Morris@boeing.com

United States  

Stephanie Bass
Boeing Communications
Office: +1 425-237-1156
Mobile: +1 314-651-7376
stephanie.l.bass@boeing.com

China

Yukui Wang
Boeing China Communications
+8613601317722

Yukui.Wang@boeing.com

 

Source :  Boeing WEBSITE