Archive | January, 2003

Rockwell helps China’s Daqing Refinery cut crude oil pump energy consumption by 41 percent

China’s top-grossing oil refinery uses Rockwell Automation’s PowerFlex7000 MV drive solution to make big savings in power consumption and maintenance costs, resulting in the project’s return on investment of 2.5 years. Since China entered the World Trade Organization in 2001, the drive to compete with less expensive imported products has propelled the country’s industrial sector […]

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INDIA: IOC starts offering auto LPG in east coast

State Indian Oil Corporation Ltd (IOC) has begun offering eco-friendly auto liquefied petroleum gas (LPG) in eastern India. Compared with gasoline, auto LPG has much lower emission levels. It is also being offered at a lower price than gasoline. In Kolkata, auto LPG has been pegged at Rs. 21.19 per litre. (US$1=50 rupees). Auto LPG […]

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TAIWAN: Taipei set to privatise Chinese Petroleum by selling 55.23% this year

TAIPEI (AFX-ASIA) – The government is set to privatise Chinese Petroleum Corp by selling a 55.23 pct stake in the state oil company this year, the Commercial Times reported, quoting Commission of National Corporations vice chairman CC Lu. Domestic and foreign strategic partners being sought by the government for Chinese Petroleum will be allowed to […]

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KOREA: POSCO, SK Corp, Korea Independent Energy among bidders for KEPCO unit

SEOUL (AFX-ASIA) – POSCO, SK Corp, and Korea Independent Energy Corp submitted bids to enter the auction for Korea South-East Power Co, a power generation unit of Korea Electric Power Corp, officials from the companies said. Officials from POSCO and SK Corp said they submitted individual bids for the KEPCO thermal power unit. Korea Independent […]

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MALAYSIA: MMC Engg oil/gas unit expects to secure contracts from Petronas, Shell this year

KUALA LUMPUR (AFX-ASIA) – MMC Engineering Bhd unit MMC Oil & Gas Engineering Sdn Bhd expects to secure two major contracts this year, one from state Petronas and the other from Shell, The New Straits Times quoted MMC Oil chief executive officer Shaharel Shafiei as saying. Mr Shaharel said the potentially larger contract will be […]

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