Archive | October, 2002

SINGAPORE: Energy Market Company announces appointments for governance bodies in new electricity mar

Singapore’s Energy Market Company (EMC) has announced the members of the Market Surveillance and Compliance Panel and the Dispute Resolution Counsellor, the bodies charged with monitoring players’ behaviour and overseeing disputes in the country’s new wholesale electricity market. Allan Dawson, EMC’s CEO, said the appointments are critical to the success of the new wholesale market. […]

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CENTRAL ASIA: Caspian states should be ‘transparent’ with US oil companies’ paymen

WASHINGTON (AFX) – Kazakhstan, Azerbaijan and other Caspian republics should be “transparent” in their handling of oil contract payments from US and western oil companies, said Ambassador Steven Mann, a senior US State Department advisor for Caspian Basin Energy Diplomacy. Talking to reporters in a briefing at the National Press Club here, Mann — a […]

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PHILIPPINES: New Philippine finance undersecretary Recto to head privatisation campaign

MANILA (AFX-ASIA) – Newly-appointed Finance Undersecretary Eric Recto will head the government’s privatization campaign next year, Finance Secretary Jose Isidro Camacho said. Mr Camacho reiterated the government expects to raise at least 2 billion pesos next year from the sale of its shares in Manila Electric Co, the Philippine National Construction Corp, the Philippine Phosphate […]

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MALAYSIA: Gas Malaysia to invest RM289.6 million in 2003-2006 for gas pipeline expansion

KUALA LUMPUR (AFX-ASIA) – Gas Malaysia Sdn Bhd will invest RM289.6 million between 2003 and 2006 to expand its gas distribution pipeline network by an additional 359 kilometres, chief executive officer Muhamad Umar Swift said. (US$1=RM3.8) “To date, we have invested RM400 million the network of gas pipelines covering a total of 790 km. Of […]

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