Archive | January, 2004

AUSTRALIA: Firefighters battling major blaze after fuel tank explosion

SYDNEY (AFX-ASIA) – A fuel tank explosion triggered a fire and forced large-scale evacuations at an industrial complex in Port Kembla, south of Sydney, with firefighters struggling to contain the blaze, officials said. Firefighters said the tank at Port Kembla, containing seven million liters of ethanol, exploded Tuesday morning with a blast that was heard […]

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QATAR: Qatar Petroleum and Korea’s LG Engineering & Construction Corporation sign US$235 million EPC

Qatar Petroleum and Korea’s LG Engineering & Construction Corporation have signed an Engineering Procurement & Construction contract for Qatar’s linear alkyl benzene project. The project’s main features include: á An n-paraffin plant of 80,000-t/y capacity, a 100,000-t/y linear alkyl benzene plant and benzene units capable of producing 36,000 t/y of the product. á an export […]

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CHINA: Hong Kong-listed Sinopec wins Saudi natural gas exploration contract

RIYADH (AFX-ASIA) – Sinopec Corp (386.HK), or China Petroleum and Chemical Corp, was awarded a contract this week for the exploration and production of natural gas in a 40,000 square-kilometer area in the Rubi al-Khali or Empty Quarter desert, according to the official Saudi news agency SPA. “The envelopes containing bids for the exploration and […]

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PHILIPPINES: Meralco expects 2004 sales to grow 5% year-on-year

MANILA (AFX-ASIA) – Manila Electric Co, the country’s largest power distributor, expects its electricity sales to grow 5% in 2004 on the back of the economy’s much-anticipated recovery, its president Jesus Francisco said. This follows last year’s projected year-on-year growth of at least 4%. “Normally, our sales go up or down depending on the country’s […]

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PEOPLE: Timothy H. Ling, Unocal president and COO, dies unexpectedly

US independent energy company Unocal Corporation (NYSE: UCL) said Timothy H. Ling, 46, president and chief operating officer, “died suddenly” Jan 28 in El Segundo, California. The company did not give any details of Mr Ling’s death. Charles R. Williamson, Unocal chairman and CEO, is expected to take over on an interim basis, effective immediately. […]

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QATAR: Speech by Energy MinisterAbdullah Bin Hamad Al-Attiyah at the recent EPC contracts ceremony f

This is a significant milestone in a very special project that further strengthens the ties between the state of Qatar and the UAE, and highlights the vision of the leaders of the two countries, His Highness Sheikh Hamad Bin Khalifa Al-Thani and His Highness Sheikh Zayed Bin Sultan Al-Nahyan, for further enhancing our bi-lateral ties […]

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COMPANIES: Oil Search, Halliburton sign MoU on strategic alliance

Papua New Guinea-based Oil Search Limited has signed a memorandum of understanding (MOU) with US engineering firm Halliburton (NYSE: HAL) to develop a strategic alliance. Oil Search has described the alliance as “a unique arrangement between an independent operator and a major oil and gas contractor.” Halliburton subsidiaries Halliburton Overseas Ltd, Kellogg Brown & Root […]

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