Archive | April, 2003

CHINA: Ivanhoe Energy and CITIC strengthen alliance to jointly develop energy projects worldwide

China International Trust & Investment Corporation (CITIC) and Ivanhoe Energy Inc of Canada have signed an agreement to form a global strategic alliance to investigate, explore and develop oil, natural gas, metallurgical coal, liquefied natural gas and gas-to-liquid projects in China and around the world to help supply China’s growing energy requirements. The agreement was […]

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INDONESIA: BP announced award of EPC contract for LNG project in Tangguh

BP said a US$1.4 billion engineering, procurement and construction (EPC) contract has been awarded to a consortium comprising Kellogg, Brown & Root, JGC Corporation and PT Pertafenikki Engineering (KJP) for the Tangguh liquefied natural gas (LNG) facilities in Indonesia’s Papua province. Indonesia’s Oil and Gas Implementing Agency (BP MIGAS) oversaw the tender process and agreed […]

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THAILAND: Thai Petrochemical creditors suspend US$80 million credit facility, assets

BANGKOK (AFX-ASIA) – Effective Planners Ltd managing director Peter Gothard said Thai Petrochemical Industry Plc’s creditors have suspended working capital facilities worth US$80 million as well as frozen its bank account. “We have received a letter from TPI’s steering committee of creditors that the committee has today suspended the credit line worth of US$80 million, […]

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