Archive | May, 2008

SINGAPORE: ‘Daiwa FTSE Shariah Japan 100’ seminar attracts more than 80 financial industry players

(EnergyAsia, May 30, Friday) — A seminar on Japan’s first Islamic Shariah law-compliant fund, which includes several listed oil, gas, chemical and utility companies, held in Singapore on May 26 attracted more than 80 people from the financial industry. Listed on the Singapore stock exchange on May 27, the ‘Daiwa FTSE Shariah Japan 100’, exchange-traded […]

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IRAN: Tehran books additional VLCC as floating storage in anticipation of higher oil prices

(EnergyAsia, May 30, Friday) — Iran’s national tanker company, NITC, has booked another 270,000-ton Very Large Crude Carrier (VLCC) supertanker to store its crude oil. The country already has 13 VLCC with a floating storage capacity of over 28 million barrels of oil. However, Iran is reportedly seeking additional tankers to add to its floating […]

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INDIA: Diesel shortages hit northern states

(EnergyAsia, May 30, Friday) — India’s northern states are beginning to experience diesel shortages, with downstream oil firm Bharat Petroleum reporting growing delays in supplying its retail outlets. The shortages have coincided with the arrival of more diesel-powered vehicles on the roads and growing demand from industry which is using diesel as a cheaper alternative […]

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INDIA: IndiaOilCorp’s CPCL refining unit reports sharp rise in FY2007 net profit

(EnergyAsia, May 30, Friday) — IndianOil Corp (IOC) said a refining subsidiary, CPCL, has reported an “impressive” financial performance for the financial year ending March 31 2008. CPCL said its FY2007 net after-tax profit rose by nearly 99% to Rs.11.23 billion compared with Rs5.65 billion the previous year. (US$1=Rs42). Revenue rose by more than 12% […]

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CHINA: Trina Solar signs polysilicon supply agreement with Jupiter Corporation

(EnergyAsia, May 30, Friday) — China’s Trina Solar said it has signed a long-term polysilicon supply agreement with Jupiter Corporation Ltd, an affiliate of DTK Industries (Qingdao) Co Ltd. Qingdao DTK will supply Trina Solar with virgin polysilicon sufficient to produce approximately 650 MW of solar modules in aggregate over six years. Delivery of polysilicon […]

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