Archive | February, 2005

AUSTRALIA: Caltex posts sharply higher full year profit, pays out generous dividends

(EnergyAsia, Feb 28) — Caltex Australia Limited has reported a sharply higher after tax operating profitof A$352.5 million for 2004 compared with A$199.7 million for 2003. (US$1=A$1.25). Managing director Dave Reeves said 2004 was a year of record profits primarily due to stronger refiner margins. The company had also benefited from the marketing business’s record transport […]

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THAILAND: Land bridge project looking bleak as Energy Ministry prepares alternative investment in Ma

Prospects for Thailand’s ambitious land bridge project in its southern province is looking increasingly bleak as the Energy Ministry appears to be backtracking from what was once a top priority undertaking. The ministry is working on plans for the expansion of the established oil-petrochemical complex in Rayong province’s Mab Ta Put industrial zone as an […]

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TAIWAN: National energy forum to be held in June

(EnergyAsia, Feb 28) — Taiwan will hold a national energy conference in June to discuss ways to reduce greenhouse gas emissions in compliance with the Kyoto Protocol which came into effect on Feb 16. The Bureau of Energy said the event will be attended by more than 200 government officials, lawmakers, labour representatives, academics and […]

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SINGAPORE: Retail gasoline prices up sharply

(EnergyAsia, Feb 28) — Singapore’s retail gasoline prices jumped sharply last week in response to higher oil prices on the world markets. On average, the country’s four oil retailers raised gasoline prices by six Singapore cents per litre. (US$1=S$1.64). One of the four, Caltex Singapore Pte Ltd, adjusted pump prices of all grades of its […]

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MALAYSIA: Shell Refining announces record annual earnings Of RM 670 million in 2004

(EnergyAsia, Feb 28) — Malaysia’s Shell Refining Company Berhad has announced a record net income of RM188 million for the fourth and final quarter of 2004, ending the year with a fourth consecutive quarter of record profitability. (US$1=RM3.8). The company said its cumulative net income for 2004 came to an annual record of RM670 million, […]

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