Uganda wants to keep 40% stake in refinery
The Ugandan government wants to retain a 40% stake in the proposed oil refinery project in the country's Lake Albertine rift basin, where companies are currently developing oil fields containing as much as 2.5 billion barrels of oil, Uganda's junior energy and minerals minister told Dow Jones Newswires Friday.
The oil refinery, which is expected to cost up to USD 5B, will be developed under a public-private partnership and is billed as the country's largest ever infrastructure project, Peter Lokeris said in an interview.
"We are negotiating with prospective investors, and by around August we will select the most serious companies and ask them to submit bids," Mr. Industry satisfied with most international ACHEMA
The strength of the chemicals sector was definitely reflected at the recent Achema show from 18-22 June 2012 in Frankfurt, Germany (info: www.achema.de). By the final day, it was clear that visitor and exhibitor numbers had remained stable: during the five days, 167,000 participants visited some 3,773 booths, occupying 136,400 m² of floor space. And with almost 50% foreign exhibitors, this was the most international Achema ever. The Stainless Steel World TV Team spent a couple of days in Frankfurt, interviewing standholders with a clear interest in corrosion resistant alloys.
StocExpo cements role for tank terminal sector
Check our videos with stainless steel suppliers and users as well as equipment manufacturers during this recent trade show in Rotterdam, the Netherlands
Nexans makes AmerCable deal
Nexans SA has agreed to buy AmerCable Holdings Inc. The company plans to complete the USD 275 million acquisition of AmerCable this month to become the leader in cables used by the oil and gas industry. How to get slow movers back on the fast track
Trading is one of the most important elements within the stainless steel industry. It has always been very internationally oriented and people working in the industry have contacts all over the world.