Petroleum industry
President Nursultan Nazarbayev hosted a business dialogue with Malaysian entrepreneurs in Kuala Lumpur, highlighting opportunities for investment in the country's information technology, public construction, textiles, and oil and gas sectors. Kazakhstan has set up free trade economic zones to attract more investments, including a zone for the textiles
Petroleum industry
Energy Partners, Ltd. and Stone Energy Corporation have announced that the conference call previously scheduled to discuss the definitive merger agreement between the two companies will be rescheduled due to a potential conflict with Anadarko Petroleum Corporation's conference call on the same day. The rescheduled call will be
Petroleum industry
China's iron and steel industry posted a 37.4 per cent decline in profits during the first five months of 2006, the National Bureau of Statistics (NBS) reported on Thursday. The severe drop was largely attributed to a massive loss of 21.9 billion yuan (US$2.7
Petroleum industry
Philippine President Gloria Macapagal-Arroyo applauded Ford Motor Corporation for committing an additional US$20 million to its expansion plant in Sta. Rosa, Laguna. This investment will enable the production of engines suitable for ethanol fuel in the Philippines. The President highlighted the importance of alternative fuels, such as ethanol, coco-biodiesel,
Petroleum industry
Reliance Petroleum Ltd (RPL), a unit of Mukesh Ambani-managed Reliance Industries, has selected ExxonMobil's sulfuric acid alkylation technology for its upcoming refinery at Jamnagar in Gujarat. The refinery, expected to be the world's largest, will produce a high proportion of expensive auto fuels, including gasoline, jet
Petroleum industry
Larsen and Toubro (L&T), a leading engineering and construction company, has formed a $100 million joint venture with Malaysia-based SapuraCrest Petroleum Berhad to meet the global demand for oil and gas engineering, procurement, installation, and construction services. The joint venture, which will be owned 60% by L&
Petroleum industry
As the price of oil continues to rise, Philippine industrialist and consumer advocate Raul Concepcion has expressed support for a proposed P125 staggered daily wage increase. The wage hike, which is expected to trigger a clamor for another transport fare hike, is set to be implemented over a three-year period
Petroleum industry
The Indian Government is considering a change in policy that would allow Oil and Natural Gas Corp (ONGC) to auction its entire crude oil output from the Mumbai High fields to state-run refineries. This move follows a long-standing demand by ONGC and is expected to increase the company's
Petroleum industry
Speakers at a roundtable in Bangladesh expressed concern that Tata Group's large investment, worth $3 billion, could harm national interests and lead to gas shortages for local industries. The discussion, organized by the National Committee to Protect Oil-Gas-Mineral and Electricity-Port, centered on the gas-pricing proposals offered by Tata
Petroleum industry
The Australian Federal government's introduction of new legislation for planned gas pipelines has been met with both praise and caution from the pipeline industry. The Australian Pipeline Industry Association (APIA) has welcomed the incentives for new pipelines, allowing for a regulation-free investment period of 15 years. However, APIA&
Petroleum industry
The Indian government has approved India's participation in the Turkmenistan-Afghanistan-Pakistan (TAP) Natural Gas Pipeline Project, a move that will provide the country with an alternative source of natural gas to meet its rapidly growing demands. The project, which will now be renamed the Turkmenistan-Afghanistan-Pakistan-India (TAPI) Natural Gas Pipeline
Petroleum industry
As oil prices are expected to remain high in the coming months, South Korean companies are shifting their focus towards developing reusable sources of energy. Unlike other advanced countries, South Korea lags behind in renewable energy development and production, with only a meager 2.2 percent of total energy consumption
