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BELGIUM


CAPITAL: Brussels

MONETARY UNIT: Franc

REFINING CAPACITY: 629,750 b/cd

OIL PRODUCTION: 0

OIL RESERVES: 0

GAS RESERVES: 0

Belgium`s Distrigaz approved $360-450 million of pipeline construction projects in Belgium tied to the U.K. Interconnector pipeline project.

The 235-mile Interconnector pipeline, which was under construction between U.K.`s Bacton terminal and Zeebrugge, Belgium, will have capacity to deliver 20 billion cu m/year of gas from Britain to continental European customers.

Spending approval hinged on conclusion of long-term transit agreements with several gas operators and further negotiations with other companies for additional transit.

With the investments, Distrigaz will be able to move Interconnector gas to four delivery points on the Belgian border: Blaregnies, Eynatten, Gravenvoeren, and Zelzate.

Construction began on the projects in 1997 and was due completion by October 1998, when first gas was due to flow through the Interconnector.

Conoco (U.K.) Ltd. signed a contract with Distrigaz for delivery of gas from the U.K. to Germany. Conoco was due to send 3.28 bcf/year of gas to Germany`s Wingas GmbH beginning in October 1998.

Processing activity

Petroplus International BV of the Netherlands bought Daewoo of Korea`s 100% interest in the 65,000 b/d Universal Refining NV plant at Antwerp. Independent Petroleum Group of Kuwait then bought a 40% interest in the refinery.

Amoco Chemical Belgium Co. NV planned to build a paraxylene unit at its Geel, Belgium, complex. The 420,000 metric ton/year unit will come on stream in first quarter 2000.

It will use xylenes from PetroFina`s Antwerp refinery and provide feed for Amoco`s existing and planned purified terephthalic acid units in Geel.

Borealis AS, Copenhagen, acquired Montell Polyolefins`s 50% share in North Sea Petrochemicals NV, a Belgian polypropylene joint venture of the two firms.

NSP had capacity to produce 250,000 metric tons/year of polypropylene at Kallo near Antwerp. The operation will be renamed Borealis Kallo NV.

MONtell and Borealis will continue in a 50-50 joint venture, NSP Olefins, which operates a 400,000 ton/year propane dehydrogenation unit and propylene splitter at Kallo.

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