2003/5/7 BP

BP Strengthens Asian PTA Presence
　　http://www.bp.com/centres/press/p_r_detail.asp?id=982

BP announced today that it has increased its interests in its Taiwanese and Korean PTA joint ventures. BP now owns 59.02 per cent of China American Petrochemical Company (CAPCO) in Taiwan and 47.41 per cent of Samsung Petrochemical Company (SPC) in Korea. As a result of the two deals, BP's equity PTA capacity in Asia has increased by 14 per cent to around three million tonnes a year.


CAPCO is the largest producer of PTA in Asia operating six production units with a total capacity of 2.1 million tonnes per annum. BP acquired the incremental 9.02 per cent interest in CAPCO from Central Investment Holding Company (CIHC). As a result, BP now controls 59.02 per cent of the equity in CAPCO while Chinese Petroleum Corporation and CIHC retain 25.00 per cent and 15.98 per cent respectively.

SPC is the third largest producer of PTA in Asia operating four PTA units in Korea to produce a total of 1.4 million tonnes per annum. BP and SPC recently completed a number of transactions with minority shareholders of SPC increasing BP's ownership of SPC from 35 per cent to 47.41 per cent. BP's ownership of SPC is now equal with Samsung's.

2004/2/12 BP

BP Licenses Innovene Technology For Sasol Polymers Polypropylene Expansion

BP and Sasol Polymers have signed an agreement to license BP's Innovene polypropylene process technology for the expansion of Sasol's polypropylene facilities located in Secunda, Republic of South Africa. The new plant will have an annual capacity of 300,000 tonnes, produce homopolymers, random copolymers and impact copolymers, and start up in 2006. Sasol will use BP's proprietary high activity CD catalyst to realize the full benefits of the technology.

2004/4/27 BP　　　　　　　　　　　　　　　　　　　　　　　　　　New 'Twin-Track' Strategy

BP Plans To Sell Over 50% Of Petrochemicals Business And Prepares For IPO
http://www.bp.com/genericarticle.do?categoryId=120&contentId=2017971

BP announced today that it plans to consolidate the Olefins and Derivatives (O&D) division of its petrochemicals business into a stand-alone entity able to operate separately from the BP Group.

BP said it plans to sell O&D in due course, possibly through an Initial Public Offering, depending on market circumstances and necessary approvals, in the second half of 2005.

At a strategy presentation on March 29, 2004, Lord Browne said future investment would focus more on so-called “advantaged products”, including paraxylene, PTA and acetyls which were strong in growing Asian markets and where BP has a proprietary technological lead, and less on olefins and derivatives which dominated the company’s portfolio in the more fragmented and lower-growth European markets.

BP focuses on seven core products -purified terephthalic acid (PTA), paraxylene (PX), acetic acid,(残す） acrylonitrile, ethylene, high-density polyethylene (HDPE) and polypropylene (PP)（売却）

Platts 2004/11/16

BP chemicals spin-off to include Grangemouth, Lavera refineries

BP plans to include two of its European refineries in a new petrochemicals business being spun off from the main group, the company said Tuesday. The new unit comprising BP's olefins and derivatives businesses is due to be sold, possibly through an initial public offering, in the second half of 2005.

The company has now decided to include its refineries at Grangemouth in Scotland and Lavera in southern France in the new venture.

Petro Chemical News 2004/4/15 (Vol. 42, No. 14)

BP Plans Sale of LAO/PAO Business Under New 'Twin-Track' Strategy
http://www.petrochemical-news.com/P-V42N14.pdf

BP last week announced its intention to sell its linear alpha olefins (LAO) and polyalphaolefins (PAO) business under a new twin-track strategy for its petrochemicals sector.
Under this strategy, explained BP, the company will now approach aromatics and acetyls differently from olefins and derivatives (O&D), and will reduce total annual organic capital expenditures to about $750-million in 2006 from the current level of approximately $1-billion.

2004/4/28　Platts

BP's plan to consolidate olefins business 'no surprise': sources

BP plans announced Tuesday to consolidate the olefins and derivatives division of its petrochemicals business into a stand-alone entity, came as no surprise to many of the Asian participants, according to Platts polls on Wednesday.

One source close to the company said that murmurs of the move have been heard a while back already.

Meanwhile, market sources were concerned that BP's plan to sell its O&D division in the second half of 2005 might not be able to attract sufficient buying interest.

2004/5/11 BP

BP Steps Up Investment In China
http://www.bp.com/genericarticle.do?categoryId=120&contentId=2018233

BP announced today that it has signed a number of agreements covering investments totalling around $1 billion which will deepen its presence in the growing Chinese energy market.

Building on the highly encouraging results from the BP and Sinopec acetic acid joint venture in Chongqing where the capacity is already being increased from 200,000 tonnes a year to 350,000 tonnes a year, BP today signed a heads of agreement to build a 500,000 tonnes a year acetic acid plant in Nanjing, Jiangsu province, through a 50/50 joint venture with Sinopec.

The company also signed a letter of intent to examine the viability of expanding production at the BP Zhuhai PTA plant from 350,000 tonnes a year to 1.2 million tonnes a year.

BP’s two Chinese retail service station ventures also took a step forward with the signing of the joint venture contracts and articles of association for both the BP Sinopec Zhejiang Petroleum Company Limited and the BP PetroChina Petroleum Company Limited.

In a separate move, BP also announced that it has agreed to be a partner in a hydrogen vehicle demonstration project being established by the Chinese Ministry of Science and Technology.

Asia Chemical Weekly 2005/4/26

BP revised the capacity of No2 PTA project in Zhuhai

BP Zhuhai Chemical has revised the capacity of its No 2 PTA project to 900 000 tonne/year in Zhuhai Harbour Industrial Zone (珠海臨港工業區), Guangdong, China, according to the industry sources.

Originally, BP Zhuhai Chemical got the approval for the pre-feasibility study on a 600 000 tonne/year PTA project in June 2003. But recently, in order to get greater economy of scale, the company has increased the capacity of the proposed project to 900 000 tonne/year in a revised feasibility study.

If the company gets the approval smoothly, the work on the project maybe starts in Q3 2005, and the starts-up date due in H2 2007.

Acetic acid for the proposed plant could be sourced from BP’s jv - Yangtze River Acetyls Co (Yaraco) - in Chongqing, China. Yaraco is to up its acetic acid capacity from 200 000 tonne/year to 350 000 tonne/year in April 2005.

BP has already a PTA plant in Zhuhai, the No1 plant has the capacity of 350 000 tonne/year.
BP Zhuhai is an 85:15 jv between BP and China’s Fu Hua Group (富華集團).

The imports of PTA in China reached 3.1 Mt PTA in 2001, 4.3 Mt in 2002, 4.55 Mt in 2003, and 5.72 Mt in 2004.

2004/11/30　BP

BP Announces Phased Exit from Two Manufacturing Plants at Hull, U.K.
http://www.bp.com/genericarticle.do?categoryId=120&contentId=7002580

BP today announced a phased exit from its DF2 and DF3 acids and acetone manufacturing operations at Saltend, Hull, and with it a phased withdrawal from its formic acidギ酸 , propionic acidプロピオン酸 and acetone businesses, leading to a reduction in its European acetic acid production capacity.


The DF2 and DF3 plants were commissioned in 1967 and 1972 respectively. They use naphtha as a feedstock to produce acetic acid, formic acid, propionic acid and acetone. The propionic acid, formic acid and acetone businesses will be exited. BP is committed to ensuring continuity of supply to its customers until the final closure date. Acetic acid will continue to be produced on other manufacturing assets on the site.

2004/11/30 BP 　　　ＢＰ、ＮＯＶＡとの提携でＬＬＤＰＥ生産性アップ

Grangemouth Grows Linear Low Density Polyethylene to Meet Rising Demand
http://www.bp.com/genericarticle.do?categoryId=120&contentId=7002583

BP has introduced higher rate production runs of linear low density polyethylene at Grangemouth, Scotland, to meet growing market demand. This has been possible due to the successful introduction of a new best-in-class catalyst, NOVACAT® T, jointly developed between BP and NOVA Chemicals.

It is particularly suited for producing BP’s range of linear low density blown and cast polyethylene film grades.

The Innovene 4 production unit uses proprietary BP Innovene® gas phase technology and has achieved daily and monthly production records throughout this year. Sales in 2004 from this unit are expected to be around 10% up on 2003, with further growth expected in 2005.


BP announced its Ziegler-Natta catalyst collaboration with NOVA Chemicals in 2001 and extended this collaboration to Metallocene and single site catalysts in 2002.

BP has licenced BP Innovene PE technology to 25 licensees in 15 countries.

BP’s gas phase Innovene plant at Granegmouth has a capacity of 320,000 tonnes per year which produces hexene-based LLDPE. BP has a second European plant using gas phase BP Innovene technology of 220,000 tonnes capacity, located at Koln, Germany which produces butene-based LLDPE.

Last month, BP and NOVA Chemicals announced plans to form a European styrene polymers joint venture starting in 2005.

2004/12/16 BP

BP to Close U.S. Linear Alpha Olefin Production Capacity
http://www.bp.com/genericarticle.do?categoryId=120&contentId=7003032&PC=100e177441a00

BP announced today that it would close its Linear Alpha Olefin (LAO) production facility in Pasadena, Texas, by the end of 2005. The company will continue the manufacture of linear alpha olefins at its other two facilities in Alberta, Canada and Feluy, Belgium.

Closure of the Pasadena site will reduce BP’s global linear alpha olefin capacity by 500,000 tonnes (1.1 billion pounds) per year.

According to George Tacquard, Senior Vice President of BP’s Global Derivatives business, the closure is the result of an extensive review of the company’s global linear alpha olefins business and prospects for the LAO industry.

“The LAO industry has faced a very difficult environment for the past few years, with overcapacity, slow demand growth, and high feedstock and energy costs. The Pasadena site is our oldest production site, and the closure of these older assets will allow our LAO business to focus resources on keeping our two newer sites at Feluy and Joffre competitive,” Tacquard said.


After the restructuring, BP will have an annual linear alpha olefin production capability of 300,000 tonnes (660 million pounds) at Feluy, Belgium and another 250,000 tonnes (550 million pounds) at the Joffre, Alberta plant.

アルファオレフィン(α-olefine)

オレフィン系炭化水素のうち二重結合がαの位置（一番端の炭素と次の炭素の間）にあるものの総称。炭素数に応じて合成洗剤、界面活性剤等に使用される。また可塑剤や洗剤に使用される高級アルコールの原料となる。エチレンを重合して製造する。炭素数によって気体、液体、固体となる。

LAO

2005/3/21　BP

BP Announces New Identity for Petrochemicals Company
http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7004959&PC=102c9a208a400

BP announced today that the name of its new olefins and derivatives subsidiary will be Innovene.

Innovene will be formed as a separate entity within the BP Group in April, with more than $9 billion in assets and $15 billion in third-party sales globally. The new company will be headquartered in Chicago and have more than 8,500 employees at 26 principal sites around the world.

Notes to editors:
Innovene will be created as a wholly owned subsidiary of BP on April 1, 2005. BP expects to sell the company later in 2005, possibly by way of an IPO, subject to necessary approvals and market conditions.
Innovene's major manufacturing sites include Grangemouth in Scotland, Lavera in France, Koln in Germany and Lima, Chocolate Bayou and Green Lake in the US. SECCO, the joint venture with Sinopec and SPC in Shanghai and the largest petrochemical complex in China to date, is due to become fully operational in the next few months.
Innovene manufacturers petrochemicals, including olefins (ethylene and propylene) and their derivatives such as polyethylene, polypropylene, acrylonitrile, linear alpha olefins, polyalphaolefins, and solvents, as well as gasoline, diesel and other refined products made in the Grangemouth and Lavera refineries. These chemicals are used to make a wide variety of plastic goods, including food and drink containers and wrappings, pipe work, automotive parts and mouldings of all kinds.

May 19, 2005 Nova

BP and NOVA Chemicals sign binding agreements for European Styrenics Joint Venture
New venture names two senior officers
http://www.novachemicals.com/08_news/NI_0505.html

BP and NOVA Chemicals Corporation today announced they have signed binding agreements to merge their European styrenic polymers businesses into a 50:50 Joint Venture. As previously announced in November 2004, the transaction to form the Joint Venture will be cashless.

The Joint Venture will be named NOVA Innovene, after its shareholders NOVA Chemicals and Innovene, BP's newly formed olefins and derivatives business.

July 28, 2005 ChemicalWeek

Shanghai Secco Olefins JV to Stay with BP After Innovene Spin-Off

BP says its 50% stake in the Shanghai Secco Petrochemical joint venture will remain with the BP group following the spin-off of BP's Innovene olefins and derivatives business later this year. BP originally intended to include the Secco stake with Innovene.

Secco also builds on BP's strong relationship with Sinopec, BP says. That includes the Yaraco acetyls jv at Chongqing, China and an acetic acid jv that is under construction at Nanjing, China.

Yahoo Finance September 2, 2005

India's Reliance may be preparing to bid for BP unit Innovene

Reliance Industries Ltd is believed to be putting together the finishing touches of a plan to bid for Innovene, the wholly-owned subsidiary of BP PLC, the Economic Times reported, citing industry sources.

Though BP had committed to Innovene employees at the time of the separation that it would list the company through an IPO and not sell it to a strategic investor, the company may be keeping other options also open, the newspaper cited industry sources as saying.

Reuters 2005/9/12

BP chemical unit Innovene sets $1 billion IPO

The main petrochemical subsidiary of oil giant BP Plc, Innovene Inc., said late on Monday it was planning a U.S. initial public offering (IPO) to raise $1 billion.

The filing with the U.S. Securities and Exchange Commission also follows Innovene's deal earlier this year to build a $2 billion plastics plant in Saudi Arabia in a move to orient the unit toward fast-growing Asian markets.

On Aug. 28, the Times of India said Reliance Industries, flagship of the Ambani family's Reliance group and India's largest company, may be close to launching a bid for an unnamed business that bore a close resemblance to Innovene.

"If Reliance is serious about Innovene, then they should be moving in quickly. If you wait for the company to get listed then it would bring about a lot more legal formalities and even valuations could go higher," Sharma said.

2005/9/26　BP

BP Confirms Plans for Second Zhuhai PTA Plant
http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7009855

BP is planning a second world-scale PTA (purified terephthalic acid) plant at their BP Zhuhai Chemical Company Limited (BP Zhuhai) site in Guangdong Province, China.

BP Zhuhai, a joint venture between BP (85 per cent) and Fu Hua Group (15 per cent), currently operates a 350,000 tonnes a year PTA plant at the site and will also own and operate the new plant.　富華集団

The new plant, with a capacity of 900,000 tonnes a year, will be the first to employ BP’s latest generation PTA technology and, subject to final approval from the Chinese Government, is expected to come on stream at the end of 2007 to meet PTA demand growth in China.

Notes to editors

日本経済新聞　2005/10/14

ＢＰ、中国石油大手と提携交渉

英系メジャー（国際石油資本）のＢＰと中国の中国石油化工集団（シノペック）が提携交渉に入ったと、英フィナンシャル・タイムズ紙などが１３日に報じた。同紙やロイター通信によると、ＢＰが海外で持つ油田権益と交換に、シノペックの株式を取得することが提携の柱になるという。

Reuters 2005/10/13

BP in Talks Over China Partnership - FT
http://today.reuters.com/news/newsArticleSearch.aspx?storyID=132613+13-Oct-2005+RTRS&srch=bp

Britain's BP Plc has held talks with Chinese officials over a possible partnership with top oil refiner Sinopec Corp., the Financial Times reported on Thursday.

A partnership with Sinopec, China's largest refiner and marketer, would give BP unparalleled access to the most important growing market in the world, the report said.

Sinopec would benefit from BP's upstream exploration activities, according to the FT.

---

Financial times 2005/10/13

LORD BROWNE LINES UP ANOTHER AUDACIOUS DEAL FOR OIL MAJOR

News that Lord Browne is negotiating a big deal with China's Sinopec will come as no surprise to observers of his decade-long tenure as chief executive, writes Thomas Catan in London. Lord Browne, 57, has come to be known for his audacious takeovers of companies around the world, which saw BP emerge as the second-largest publicly traded oil company in the world.

ジョン・ブラウン卿 　　BP p.l.c.グループ最高経営責任者。

2006/3/20 BP 　　

Restatement of historical results following 2006 resegmentation.
http://www.bp.com/sectiongenericarticle.do?categoryId=2012027&contentId=2017688

Following the launch of BP Alternative Energy in November 2005 and the sale of Innovene to INEOS in December 2005, certain assets have been transferred between segments to reflect the operational structure of the Group. These transfers are effective from 1 January 2006. Financial information for 2005 and 2004 has been restated to reflect these transfers.

These three transfers are illustrated below:

2006/4/12 BP

BP Expanding European PTA and Paraxylene Production
http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7016994

BP today confirmed that it is proceeding with its project for a major increase in purified terephthalic acid (PTA) production capacity at its Geel, Belgium, plant and also announced that it has recently completed a significant increase in the plant's paraxylene (PX) production capacity.

The planned debottleneck of PTA production at Geel will increase capacity by more than 350,000 tonnes a year, making the total PTA production capacity of the Geel site some 1.4 million tonnes a year.


As well as expanding PTA production capacity, application of the latest advances in BP's proprietary paraxylene production technology to Geel’s PX unit in 2005 has now increased capacity of the unit to 560,000 tonnes a year - over 30 per cent higher than the original design capacity of the unit, commissioned in 2000. The use of BP's PX crystallisation technology has made the plant one of the most energy-efficient PX plants now operating.


BP has been a leader in PTA for over 30 years, with a strong record of growth and innovation in this business. BP has a global PTA production capacity share of 21 per cent on an equity basis (or 31 per cent including joint ventures). BP operates 21 PTA plants located in Asia, the Americas and Europe with a total combined annual production capacity of more than 9 million tonnes.

BP is also a leader in the PX Business with a global production capacity share of 11%. BP's PX assets are in the Americas and Europe with a total combined annual production capacity of 2.9 million tonnes.

Geel (Belgium) is the integrated production site for BP's PTA and PX manufacturing in Europe. Its annual production capacity for PTA & PX has grown from 300.000 to 1.4 million tonnes over the timespan of a decade. Cost effective rail and road connections reach all major European markets, and make the site very attractive in terms of logistics. The Geel site is also advantaged as part of BP's extensive PTA & PX technology and manufacturing networks, contributing to developments on safe, reliable and cost & energy effective manufacturing.

BP produces PTA from plants in the US, Belgium, Brazil, Korea, Indonesia, China, Malaysia and Taiwan. We successfully commissioned our latest PTA production units in early 2003. These are the Zhuhai joint venture in southern China with capacity of 350,000 tonnes a year and the sixth train at our CAPCO joint venture in Taiwan with capacity of 700,000 tonnes a year.

26 September 2005
BP Zhuhai, a joint venture between BP (85 per cent) and Fu Hua Group (15 per cent), currently operates a 350,000 tonnes a year PTA plant at the site and will also own and operate the new plant.
The new plant, with a capacity of 900,000 tonnes a year, will be the first to employ BP's latest generation PTA technology and, subject to final approval from the Chinese Government, is expected to come on stream at the end of 2007 to meet PTA demand growth in China.

---

The purified terephthalic acid (PTA) plant is located in the State of Pahang on the east coast of the Malaysia peninsula, 25 km from Kuantan town. This BP wholly owned unit began production in 1996 with an annual PTA capacity of 600,000 tons.

---

07 May 2003
BP announced today that it has increased its interests in its Taiwanese and Korean PTA joint ventures. BP now owns 59.02% of China American Petrochemical Company (CAPCO) in Taiwan and 47.41% of Samsung Petrochemical Company (SPC) in Korea. As a result of the two deals, BP's equity PTA capacity in Asia has increased by 14% to around three million tonnes a year.

CAPCO is the largest producer of PTA in Asia operating six production units with a total capacity of 2.1 million tonnes per annum. BP acquired the incremental 9.02% interest in CAPCO from Central Investment Holding Company (CIHC). As a result, BP now controls 59.02% of the equity in CAPCO while Chinese Petroleum Corporation and CIHC retain 25.00% and 15.98% respectively.

SPC is the third largest producer of PTA in Asia operating four PTA units in Korea to produce a total of 1.4 million tonnes per annum. BP and SPC recently completed a number of transactions with minority shareholders of SPC increasing BP's ownership of SPC from 35% to 47.41%. BP's ownership of SPC is now equal with Samsung's.

---

BP participates in a joint venture in PT Amoco Mitsui (PT AMI) to produce purified terephthalic acid (PTA) in Indonesia. PTA is the preferred intermediate used in the manufacture of polyester resin for fibres, films, and packaging. Our partners (and equity) in this PTA joint venture are BP (50%), Mitsui Chemicals (MCI 45%), and MBK 5%. This venture headquarter is located in Jakarta while the plant is situated in Merak. The plant started up in August 1997 with an annual production capacity of 350,000 tons of PTA.

---

The Cooper River plant, about 25 minutes north of Charleston, South Carolina, is home to the worlds largest single purified terephthalic acid (PTA) unit. PTA is the preferred intermediate used in the manufacture of polyester resin for fibers, films, and packaging. This facility, located on a 5000 acre site, has two production units which combine to manufacture approximately 2.8 billion pounds of PTA per year as well as associated shipping, utility, and waste treatment facilities. The product is sold both domestically and internationally by rail hopper cars and bulk sea containers.

---

Rhodiaco Indústrias Químicas in Paulínia, São Paulo, Brazil, is a joint venture between BP (49%) and Rhodia-Ster/M&G (51%).The 250,000 tons per year plant is the only South American manufacturer of purified terephthalic acid (PTA). PTA is the preferred intermediate used in the manufacture of polyester resin for fibers, films, and packaging.

2006/7/18 BP

BP to Market Share of SPC in Korea

BP announced today that it has decided to pursue a sale of its 47.41% equity interest in Samsung Petrochemical Co., Ltd. (SPC), its joint venture with Samsung located in South Korea. SPC is one of the leading producers of purified terephthalic acid (PTA) in Asia with a total production capacity in excess of 1.8 million tonnes per year. PTA is the preferred raw material used to manufacture polyester.

Dave Miller, president of BP's global PTA business said,"SPC is an excellent business with a solid performance track record and is well-positioned for continued growth. BP and Samsung however have different views of SPC's future strategy and BP believes if it is able to achieve an appropriate price, exiting is in the best interest of SPC and its shareholders.

Note to editors
SPC is currently owned by BP (47.41%), Samsung (47.41%) and Shinsegae (5.18%). It is staffed by Samsung personnel, headquartered in Seoul and operates four PTA plants on two separate sites; Ulsan Petrochemical Complex (approximately 400 km from Seoul) and Daesan Petrochemical Complex (approximately 145 km from Seoul and 400 km from China) with a total production capacity in excess of 1.8 million tonnes per year).
* Ulsan 　1,100千トン、Daesan 　700千トン

BP has enjoyed more than 30 years of success in South Korea and remains fully committed to the country. BP's other activities in South Korea - Samsung BP Chemicals, Asian Acetyls, K-Power, lubricants and shipping - are unaffected by the decision to exit SPC.

In the power sector, we acquired a 35% stake in K-Power, which is a joint venture with SK Corp (65%) to build and operate a 1,074 MW power plant. The plant is located at POSCO’s LNG terminal, enjoying competitive LNG prices as well as technological benefits. It is scheduled to start full operation by July 2006 and will be the first merchant plant in Korea

The BP group began marketing lubricants here in 1977. We now operate a blending facility (opened by Castrol in 1989), which has a capacity of 65,000 mtpa. We market automotive lubricants primarily through the Castrol brand. We have also supplied high quality industrial lubricants - metal working fluid and general industrial oils- to most industries since 1984, including Hyundai/Kia Motors and POSCO. Our International Marine team provides bunkers and lubricants at ports worldwide to major Korean shipping customers. We have a dedicated third-party marine lubricant blender in Busan, supplying around 30,000 KL a year to contracted vessels, including those newly built.

BP Shipping has been building ships in Korea since 1997.

　

2007/5/30 BP

BP Agrees Major Exploration and Production Deal with Libya

BP's single biggest exploration commitment," says BP group chief executive.

BP and its Libyan partner, the Libya Investment Corporation (LIC), today signed a major exploration and production agreement with Libya's National Oil Company (NOC). The initial exploration commitment is set at a minimum of $900million, with significant additional appraisal and development expenditures upon exploration success.

日本経済新聞　2007/6/23

BP、ロシアのガス田売却　ガスプロムに　事業の独占進む 　　　Kovykta project 　Gazprom

　石油メジャーの英BPは２２日、ロシアの合弁会社が保有する東シベリアのコビクタ・ガス田などの権益をロシア政府系エネルギー会社、ガスプロムに売却し、同ガス田の開発から撤退する、と発表した。

政府の撤退圧力に譲歩
　権益を手放したのは２００３年にロシア石油大手と合弁で設立したTNK-BP。同社は１兆９千億立方メートルの世界有数の埋蔵量を持つコビクタ・ガス田の権益(６２．９%分)とガスの輸送・販売会社、東シベリアガスの株式の５０%をガスプロムに譲渡する。売却額は７億−９億ドル(約８７０億ー１１００億円)。

BP側は当初、コビクタから中国などアジア向けに輸出する予定だったが、輸送網を独占するガスプロムに阻止され、増産できない状態に陥っていた。

パイプライン計画

22 June 2007 BP

BP and TNK-BP Plan Strategic Alliance with Gazprom as TNK-BP Sells its Stake in Kovykta Gas Field

BP and TNK-BP today announced that they have signed a memorandum of understanding to create a strategic alliance with the Russian gas giant, Gazprom, to invest jointly in major long-term energy projects or swap assets around the world.

Under the terms of the agreement signed by all parties, TNK-BP agreed to sell Gazprom its 62.89 per cent stake in Rusia Petroleum, the company which holds the licence for the Kovykta gas field in East Siberia. It will also sell its 50 per cent interest in East Siberian Gas Company (ESGCo), the company constructing the regional gasification project.

Gazprom will pay between $700-$900 million, subject to adjustments, for TNK-BP's interests in Rusia and ESGCo.

Notes to editors:
Gazprom is Russia's largest company and the world's largest producer of natural gas. It holds about one quarter of total world gas reserves. Gazprom exports gas to 32 countries within and beyond the FSU. In 2005 the company sold 156.1 billion cubic metres of gas to European countries and with 76.6 billion cubic metres to the CIS and Baltic states.
TNK-BP is the third largest oil company in Russia. In 2006 it produced 1.9 million barrels of oil equivalent a day. It is owned and managed jointly by BP and Alfa Access Renova group.
The Kovykta gas field is located some 450 kilometres from the city of Irkutsk in the north of the Irkutsk region of Eastern Siberia. It has estimated resources of approximately 2 trillion cubic metres of gas in place.

On September 1, 2003, BP, one of the largest international oil companies, and Alfa Access Renova (AAR) announced the creation of a strategic partnership to jointly hold their oil assets in Russia and Ukraine. As a result, TNK-BP was created. Today, TNK-BP is Russia’s third largest oil company in terms of reserves and crude oil production.

BP and AAR each own an equal interest in TNK-BP. AAR contributed its holdings in TNK International, Onaco and Sidanco, its share in RUSIA Petroleum (which holds licenses for the Kovykta gas condensate deposit and the Verkhnechonsk oil and gas deposit), its stake in the Rospan gas field in West Siberia (the New Urengoy and East Urengoy deposits).

BP contributed its holding in Sidanco, its stake in RUSIA Petroleum and its BP Moscow retail network. In January 2004, BP and AAR reached an agreement to incorporate AAR’s 50% stake in Slavneft into TNK-BP. Slavneft, which has operations in Russia and Belarus, was previously owned jointly by AAR and Sibneft. Under the transaction terms, BP is committing cash as well as its own shares as future payments.

The independent audit conducted by DeGolyer and MacNaughton confirmed that as of December 31st 2006, TNK-BP’s total proved reserves were 7.810 bn bbls or 1.0 bn tons of oil equivalent on a SEC (US Securities and Exchange Commission) life-of-field basis; 8.949 bn bbls or 1.19 bn tons of oil equivalent on a SPE (Society of Petroleum Engineers) basis.

In 2004, the company produced approximately 72 mmtpa of oil or 1.47 mmbd, in 2005 ? 75 mmtpa or 1.58 mmbd. TNK-BP’s principal refining assets are located in Ryazan (near Moscow), Nizhnevartovsk (West Siberia), Nyagan (Khanty-Mansiysk), Saratov (Saratov region) and Lisichansk in Ukraine. Throughput in 2005 totaled 632 kbd or 30.89 mmtpa. The company’s retail network includes approximately 1,600 filling stations located primarily in Central European Russia and in Ukraine.

In the near future, TNK will further develop its asset base in Russia and the CIS, pursue an aggressive production growth strategy through broader use of technology across the business, expand its operations in East Siberia, add reserves to its portfolio and pursue new strategic projects.

TNK-BP’s five-year strategy aims at enhancing the company’s long-term value. While the company is implementing an aggressive short-term plan, it continues to invest in large-scale and longer-term projects. This strategy will help create the underlying conditions for sustainable growth and profitability in the period beyond the company’s five-year horizon.

　

http://oilresearch.jogmec.go.jp/glossary/english/t.html#22115-1

ロシアのTNK（チュメニオイル）とイギリスのBP（ブリティッシュ・ペトロリアム）が折半出資する民間石油企業。
上流部門から下流部門まで一貫操業を行ない、生産子会社15社、精製子会社5社（うちロシア国内は4社）、販売子会社11社を保有する。
2005年における同社の原油生産量は7,460万トン（国内シェア15.5％）、精製能力は69万B/D（3,450万トン/年）であった。TNKはロシアの金融資本アルファグループに属する財閥系企業で、1995年に西シベリアのハンティ・マンシ自治管区の強い要請で100％ロシア国営企業として発足した。1997年、1999年に政府株は公開され、AAR（アルファグループ（Alfa Group）と米国のAccess-RENOVAの折半出資企業）が買い取った。
TNKはかつて年産2,000万トン前後の中堅石油企業であったが、大規模な方向転換（経費削減の強化、垂直統合、生産・精製資産への資本投資、生産会社の吸収合併、破産法を利用した企業買収）を行い、年産4,000万トンまで拡大した。
チュメニオイルは、オナコ（Onako）、コンドペトロリアム（Kondopetroleum）、シダンコ（Sidanko）などを買収したほか、2002年末にはシブネフチ（Sibneft）と折半出資でスラブネフチ（Slaｖneft）株式74.95%を18.6億ドルで落札したが、2006年6月現在、スラブネフチ資産の分割は行われておらず、TNK-BPとガスプロムネフチによる同社資産の共同経営が続いている。
2003年2月、TNKとBPは折半出資で新会社「TNK-BP」を設立すると発表し、2003年8月にTNK-BPは政府に設立が認められた。

Access IndustriesはLen Blavatnik が設立し、所有する投資会社である。

Len Blavatnikは本年49歳、ロシアで生まれ、21歳の時に米国に移住し米国籍をとった。ハーバードビジネススクールのMBAを取り、1986年にAccess Industriesを設立した。
その後、ロシアの友人及びロシアの富豪と組んで Tyumen Oil Co. (TNK) を設立、更にBPとTNKの合弁で2003年にTNK-BP を設立した。
TNK-BP は現在ロシア第二の石油会社で西シベリア、ボルガーウラル地区、東シベリア、樺太等で石油の採掘をしており、ロシアとウクライナに5つの製油所を所有している。
http://kaznak.web.infoseek.co.jp/blog/2006-6-2.htm#basell

アルファ・グループ・コンソーシアム（アリファ・グループ、Alfa Group）は、ロシアの新興財閥。ロシア最大の金融産業コングロマリットのひとつ。中心企業であるアルファ銀行に代表される商業及び投資銀行業の他、石油及びガス、消費財取引、保険業、小売業と電気通信分野などグループ企業は広範である。 アルファ・グループの総帥は、オリガルヒのひとりでもあるミハイル・フリードマンと、ロシア連邦対外経済関係相などを務めた後、実業界に転身したピョートル・アーヴェン（ピョートル・アベン）である。1988年にフリードマンが設立したトレーディング・カンパニー、アルファ・エコAlfa-Ecoが最初で業務を拡大していった。本社はモスクワにある。

Renova Holding は、ロシア経済を背景とするベンチャーキャピタル
会長Viktor Feliksovich VEKSELBERG 　ヴェクセルベルク氏の個人資産はおよそ81億フラン ( 約7800億円 ) で、ロシアの長者番付では第5位。石油とアルミで財をなした。プーチン大統領とも顔見知りだ。現在はチューリヒに豪華なマンションを購入して住んでいる。

2003年2月

・BPとAlfa group & Access/Renovaが合弁会社設立へ

　英BPとロシアの持株会社 Alfa group とAccess/Renova は、合弁石油会社を設 立する意向を明らかにした。
　 "Alfa group" と "Access/Renova"は、現在保有している石油大手TNK株97%と シダンコ株56%を新会社に委譲する。また、両社が取得しているサハリン4、サハリン 5プロジェクトの事業権益も新会社に移る予定。
　一方、BPは新会社に、現在保有しているシダンコ株25%、サハリン5の事業権益、モスクワのガソリンスタンドを委譲する。
　BPの新合弁会社への投資額は67億5,000万米ドル。同社は、契約締結後30億米ドルを直接投資。その後年間12億5,000万米ドル分の自社株を3年間、"Alfa group" と "Access/Renova"に譲渡する。
　新会社への出資比率は、BPが50%、"Alfa group" と"Access/Renova"が50%。 　契約が締結されるのは今年夏になる予定だ。

BP 2007/6/27

BP, ABF and DuPont Unveil $400 Million Investment in UK Biofuels

The wide spread availability of biofuels in the UK took a major step forward today as BP, Associated British Foods (ABF) and DuPont announced major investment plans, totalling around $400 million, for the construction of a world scale bioethanol plant alongside a high technology demonstration plant to advance development work on the next generation of biofuels.

The bioethanol plant, in which BP and ABF subsidiary British Sugar would each hold 45 per cent with DuPont owning the remaining 10 per cent, will be built on BP's existing chemicals site at Saltend, Hull. Due to be commissioned in late 2009, it will have an annual production capacity of some 420 million litres from wheat feedstock.

Associated Press 2007/8/10

BP Formalizes Coal-Bed Methane Plans

The coal-bed methane exploration that British Petroleum has talked about undertaking in southeastern British Columbia, to the alarm of some Montana officials, is now a formal proposal.

BP would be required to inject into the ground the water brought forth in coal-bed methane work, Eichenberger said Wednesday at a meeting of the Flathead Basin Commission, which is charged with monitoring Flathead water quality and working to safeguard it.

ーーー

Methane from coalbed reservoirs can be recovered economically, but disposal of water is an environmental concern.

Most gas in coal is stored on the internal surfaces of organic matter. Because of its large internal surface area, coal stores 6 to 7 times more gas than the equivalent rock volume of a conventional gas reservoir. Gas content generally increases with coal rank, with depth of burial of the coalbed, and with reservoir pressure. Fractures, or cleats, that permeate coalbeds are usually filled with water; the deeper the coalbed, the less water is present, but the more saline it becomes. In order for gas to be released from the coal, its partial pressure must be reduced, and this is accomplished by removing water from the coalbed. Large amounts of water, sometimes saline, are produced from coalbed methane wells, especially in the early stages of production.

While economic quantities of methane can be produced, water disposal options that are environmentally acceptable and yet economically feasible, are a concern. Water may be discharged on the surface if it is relatively fresh, but often it is injected into rock at a depth where the quality of the injected water is less than that of the host rock. Another alternative, not yet attempted, is to evaporate the water and collect the potentially saleable solid residues; this scheme might be feasible in regions having high evaporation rates.

June 29 2007 BP 　　　　　　　　　　　　　　　　　　　BP's answer to food-based ethanol

BP、D1オイルズ、合弁企業設立へ
−バイオディーゼル原料ヤトロファ（Jatropha）を開発−

BPとD1オイルズは29日、50％ずつの出資で、D1-BP Fuel Crops Limitedという合弁企業を設立し、ヤトロファ jatropha の栽培を推進すると発表しました。ヤトロファは、食用には適さない油種のできる干ばつに強い木です。肥沃な農地を食用作物から奪うこともなく、熱帯雨林への悪影響もありません。より持続可能なバイオディーゼル原料をより広範囲で確保することが狙いです。


「輸送部門では、複数のバイオ原料の混合が、数少ない現実的な前進のための選択肢の１つになっています。BPは今週、英国ハル市に世界規模のバイオエタノール工場を、バイオブタノール実証工場に隣接して建設する計画を発表し、ガソリンに代わるバイオ燃料の幅広い供給が現実に一歩近づきました。今回の合弁企業は、バイオディーゼルの世界で同様の進歩を可能にすることでしょう。」


合弁企業は主に東南アジア、アフリカ南部、中南米、インドを中心に、ヤトロファを栽培していきます。今後4年間で、100万ヘクタールに作付けが行われると見込まれています。その後の作付けは、年間30万ヘクタールと推定されています。

プランテーションで栽培したヤトロファ油は、地元のバイオディーセルの需要を満たすだけでなく、欧州などの海外市場向けにも利用されるでしょう。今後予想される環境規制の強化によって、バイオ燃料需要は2010年以降、年間約1,100万トンと見込まれており、国内の菜種油や廃油では賄いきれなくなることが予想されるからです。

編集者への注記：

Oil Yield (ton/ha/yr)

Yield Palm oil (Malaysia) 　3.75 Rapeseed (EU) 　1.33 Soyabean (USA) 　0.46 Sunflower (Argentina) 　0.66 Jatropha 　1.44

ＭＰＯＢ　マレーシアパームオイル委員会

September 7 2007 Fortune Magazine

BP's answer to food-based ethanol
The oil giant believes an inedible plant called jatropha can ease global fuel demands. It could boost incomes in Africa and other impoverished regions too.

Can a poisonous plant become a biodiesel hero and help African economies in the process?
BP thinks so. It believes jatropha - an inedible plant used for hedges that was spread around the world centuries ago by Portuguese sailors - can dent global fuel demands without using up foodstuffs such as corn, soy and sugar cane, plus boost incomes in Africa and other impoverished regions.

January 18 2008 　BP

BP Reinforces its Commitment to China

BP announced today during a ceremony in the Great Hall of People in Beijing that it had signed a series of agreements to enhance its commitment to China. These agreements involve strategic integration and commercialisation of clean coal conversion technologies, wind power generation and world-class acetic acid production.

Clean Energy Commercialisation Centre
BP and the China Academy of Sciences (CAS) signed an agreement to undertake a feasibility study into a proposed Clean Energy Commercialization Centre (CECC) joint venture. This represents a major step forward following the signing of a Memorandum of Understanding in Shanghai last August.
Under the agreement, CECC is intended to integrate individual clean energy related technologies - coal gasification, coal to liquids, coal to chemical, carbon capture and storage, coal bed methane and underground gasification - from CAS institutes and other organizations both within and outside the PRC, into competitive integrated feedstock manufacturing and product distribution systems and solutions such as polygeneration complexes. The CECC would also serve as an international platform to foster collaboration among research institutes, enterprises and other institutions to improve indigenous Chinese innovation capabilities and market applications in areas such as clean coal conversion, zero emission and carbon capture and storage.

Wind Power
BP signed a framework agreement with Beijing Tianrun New Energy Investment Co., a subsidiary of Goldwind Science and Technology Co., Ltd., with the intention of jointly investing, constructing, and operating three 49.5 megawatt wind power plants near Bayan Obo in Inner Mongolia. The two parties have also agreed to explore further wind power investment opportunities in other areas of Inner Mongolia.

Acetic Acid
BP and Sinopec signed a Memorandum of Understanding to add a new 650k tonnes acetic acid plant at their YARACO joint Venture in Chongqing, upstream Yangtze River, Southwest China. This marks another major milestone in strengthening the existing partnership in acetic acid production and follows on from the successful investment in Yangtze River Acetyls Company (YARACO) in Chongqing, and in the BP Yangtze Petrochemicals Acetyls Company (BYACO) in Nanjing.

• Acetic acid is an important organic chemical raw material, widely used in industries such as chemical engineering, light & textile, medicine, pesticide and dye. In 1995, BP and Sinopec jointly established Yangtze River Acetyls Company (YARACO) at Southwestern Chongqing Municipality. Since then, YARACO has been expanded twice to bring its initial acetic acid capacity from 150, 000 tonnes to 350, 000 tonnes a year, and also to include an 80,000 tonnes a year esters plant.

中国の酢酸の需給状況は以下の通り。（単位：千トン）

	生産	輸入	輸出	消費
2001	860	200	-	1,060
2002	840	350	-	1,190
2003	947	500	-	1,447
2004	1,152	525	16	1,661
2005	1,370	542	35	1,877
2006	1,438	707	28	2,117
2007	1,628	499	138	1,989

2008/9/4 BP 　　　　　　　

BP and AAR Move to Resolve Joint-Venture Dispute

An overhaul of the governance structure of Russia's third largest oil company, TNK-BP, has been agreed in principle by the two main owners, BP and Alfa Access-Renova (AAR). The aim is to better align their respective interests and improve the transparency of TNK-BP's equity.

Alfa Access Renova は3社の連合。
・	Alfa Group は、ロシアの新興財閥で、ロシア最大の金融産業コングロマリットのひとつ。中心のアルファ銀行のほか、石油及びガス、消費財取引、保険業、小売業と電気通信分野などグループ企業は広範である。
・	Access Industries はロシア生まれの Len Blavatnik が設立し所有する米国の投資会社で、Basellを買収した。 Len Blavatnik はLyondell Chemical の株式を購入し、話題となっている。 　参考　2006/6/15 Basellの買収　 　　　　　2007/5/16 Access Industries の会長、Lyondell Chemical の株式を購入
・	Renova Holding はロシアの長者番付では第5位のViktor Feliksovich Vekselberg の所有するベンチャーキャピタル。

A memorandum of understanding (MOU) signed today and due to be finalised in detail over the coming months, envisages the re-structuring of the TNK-BP board through the appointment of three new directors independent of either side.

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2008/9/4 共同

英ＢＰ系最高経営責任者が辞任へ  合弁石油、ロシア圧力に譲歩

　国際石油資本（メジャー）の英ＢＰは４日、ロシア側株主との対立で経営が混乱している合弁企業ＴＮＫ−ＢＰについて、ＢＰ出身のダドリー最高経営責任者（ＣＥＯ）の年内辞任などでロシア側と合意し、覚書に署名したと発表した。

　後任には独立系のＣＥＯを選ぶとしており、ＢＰの主導権を崩そうとするロシア側株主にＢＰが譲歩をした形となった。

　新ＣＥＯはＢＰが指名、取締役会が承認する。ロシア語を話し、ロシアでのビジネス経験が豊富との条件も付けた。取締役会はＢＰとロシア側の４人ずつのほか、新たに双方と関係のない社外取締役３人を加える。

　ＴＮＫ−ＢＰはロシア第３の石油企業で、ＢＰとロシア側が折半出資。ロシア側株主はダドリーＣＥＯの辞任を要求、ロシア当局が脱税容疑などの捜査で圧力を加え、７月にはダドリー氏はロシアを出国していた。

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日本経済新聞　2008/9/5　

英BP　ロシア側株主に譲歩
　折半出資石油会社　経営問題で和解　CEO退任容認

　石油メジャーの英BPは４日、折半出資するロシア石油大手TNK-BPの経営問題で、ロシア側,株主と和解したと発表した。ロシア側が求めていたダドリー最高経営責任者(CEO)の退任を容認するなどBPが譲歩した。将来的にロシア側が経営権の取得などを追加要求する可能性はなお残っている。
　BPとロシア側株主は同日、基本合意書を交わした。TNK-BP経営陣の承認を前提にBPが新CEOを任命することに加え、経営委員会メンバーを現行の１４人から大幅に削減することなどを含む。いずれもBPの影響力を大幅に低下させかねない内容だ。
　TNK-BPは折半出資だが、CEOの任命権をBPが持ち、多くの経営幹部や技術者がBP出身であるなど、BP主導で運営してきた。だが、投資政策などを巡ってBP側とロシア側の対立が先鋭化し、ロシア側はBP出身のダドリーCEOの辞任を強硬に要求。その後、ロシア司法当局がダドリー氏の就労ビザ更新を認めなかったため、ダドリー氏は出国を余儀なくされ、ロシア国外から経営にあたる異例の事態となっていた。
　TNK-BPは、BPの全原油・ガス生産の４分の１を占める。BP本体への影響も大きいため、ヘイワードCEOは７月下旬のダドリーCEOの出国に際し「問題を解決するためにあらゆる方策を検討する」と徹底抗戦の構えを見せていた。

----

TNK-BP is a leading Russian oil company and is among the top ten privately-owned oil companies in the world in terms of crude oil production. The company was formed in 2003 as a result of the merger of BP’s Russian oil and gas assets and the oil and gas assets of Alfa, Access/Renova group (AAR). BP and AAR each own 50% of TNK-BP. The shareholders of TNK-BP also own close to 50% of Slavneft, a vertically integrated Russian oil company.

TNK-BP is a vertically integrated oil company with a diversified upstream and downstream portfolio in Russia and Ukraine. The company’s upstream operations are located primarily in West Siberia (Khanty-Mansiysk and Yamalo-Nenets Autonomous Districts, Tyumen Region), East Siberia (Irkutsk Region), and Volga-Urals (Orenburg Region). In 2007 the company produced on average 1.6 mboed. Including its 50% share in Slavneft, average production was 1.8 mboed.



Under PRMS (formerly SPE) criteria, Total Proved Reserves were 9.982 bn bbl of oil equivalent. This represents a Total Proved PMRS reserves replacement ratio of 297%.

TNK-BP controls 675 thousand bbl/day in installed refining capacity, with principal refining assets located in Ryazan (near Moscow), Saratov (Volga-Urals), Nizhnevartovsk (West Siberia) and Lisichansk in Ukraine.

TNK-BP operates a retail network of approximately 1,600 filling stations Russia and Ukraine working under the BP and TNK brands. The company is one of the key suppliers to the Moscow retail market and is a market leader in Ukraine.

TNK-BP is headquartered in Moscow and is governed by a multinational management team with experience of working in over 50 different countries. A blend of the best international and Russian talent ensures accelerated introduction of world-class technology, project management, corporate governance and best Health, Safety and Environment practices.

TNK-BP employs approximately 65,000 people, mostly located in eight major areas of Russia and Ukraine.
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On 1 September 2003, BP and Alfa, Access, Renova (AAR) announced the creation of a strategic partnership to jointly hold their oil assets in Russia and Ukraine. As a result, TNK-BP was created. Today, TNK-BP is Russia’s third largest oil company (after Rosneft and Lukoil) in terms of reserves and crude oil production.

BP and AAR each own an equal interest in TNK-BP. AAR contributed its holdings in TNK International, ONAKO and SIDANCO, its share in RUSIA Petroleum (which holds licenses for the Kovykta gas condensate deposit and the Verkhnechonsk oil and gas deposit), its stake in the Rospan gas field in West Siberia (the New Urengoy and East Urengoy deposits).

BP contributed its holding in SIDANCO, its stake in RUSIA Petroleum and its BP Moscow retail network. In January 2004, BP and AAR reached an agreement to incorporate AAR’s 50% stake in Slavneft into TNK-BP. Slavneft, which has operations in Russia and Belarus, was previously owned jointly by AAR and Sibneft (now Gazprom Neft).

Since 2003, TNK-BP has significantly increased production by almost 250% on a barrel of oil equivalent basis (adjusted for divestments of assets) - from close to 1.3 mboe/d in 2003 to 1.6 mboe/d in 2007 (exluding Slavneft production).

In the near term, TNK-BP will continue to develop its brownfield base, managing decline rates and ensuring reserves replacement rate in excess of in-year production. Simultaneously, we will continue to develop new greenfield projects to ensure sustainable growth in the longer term. We expect the first of our new greenfield projects to come on line in 2009; until then TNK-BP's production is expected to stay generally flat.

2009/4/3 Platts

BP shutting 600,000 mt/year of US PX production: sources

BP is idling 600,000 mt/year of US paraxylene production because of increased capacity coming on line in the Far East, market sources said Friday. BP declined to comment on the closures.

Market sources on Friday said BP would be shutting 350,000 mt/year of production in Texas City and 250,000 mt/year of production in Decatur, Alabama.
BP is also idling 150,000 to 200,000 mt/year of PTA production in Decatur, the sources said.