Archive | July, 2003

PHILIPPINES: Planning tender for 46 oil exploration contracts

MANILA (AFX-ASIA) – The Energy department plans a tender for 46 new oil exploration contracts covering offshore areas this year, Undersecretary Eduardo Manalac said. “Forty-six new exploration blocks will be placed on the market for bidding,” he said in a statement. “The areas represent shallow, deep and ultra-deep water close to oil discoveries and producing […]

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MALAYSIA: Petronas to maintain RM6 billion oil exploration budget

KUALA LUMPUR (AFX-ASIA) – National oil corporation Petroliam Nasional Bhd (Petronas) will maintain its oil exploration and production budget at RM6 billion, president and chief executive officer Mohd Hassan Marican said. (US$1=RM3.8). “We have been setting aside 6 bln rgt for exploration and budget activities for many years. There is nothing special,” he said when […]

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INDIA: Supreme Court halts privatisation of state-run oil firms

NEW DELHI (AFX-ASIA) – The Supreme Court has halted the privatisation of two state-run oil firms until the government can muster support for the plan in parliament, officials said. The court, ruling on a case filed by a public-interest group opposed to privatisation, issued notices to Prime Minister Atal Behari Vajpayee’s government halting the sell-offs […]

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CHINA: HK’s Hutchison says receiving 900 million in cash dividends from Husky

HONG KONG (AFX-ASIA) – Hong Kong-listed conglomerate Hutchison Whampoa (13.HK) said it is to receive a total of HK$900 million in second quarter dividends from its associate company, Husky Energy Inc. (US$1=HK$7.78). Husky announced a second-quarter dividend of C$0.10 per share and a special dividend of 1.00 cad per share, Hutchison said in a statement. […]

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