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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.

The Acro-Matic YT1050 can be supplied in either rotary or linear format. The rotary option suits all ¼ turn applications such as rack and pinion and scotch yoke actuators whilst the linear is easily adaptable to diaphragm control valves and linear pneumatic cylinders. The enclosure consists of 316 Stainless steel which is suitable for the most corrosive environments and has an IP66 ingress protection rating.

KBR has won a contract for engineering and procurement services for DuPont’s first cellulosic ethanol plant in Nevada, Iowa. KBR will provide front-end engineering, detailed engineering and procurement services to DuPont's Industrial Biosciences Group for this first-of-a-kind plant to be constructed in the Midwest United States.

McDermott International, Inc. reported that one of its subsidiaries has been awarded two projects for Saudi Aramco in the Arabian Gulf in the Karan, Safaniya and Zuluf fields. The first project, Karan-45, includes fabrication of a new wellhead platform, auxiliary platform, jacket and link bridge, with subsea installation of a 20in flowline and a 15kV composite power and fiber optic cable.

Open season for Allegheny Access Sunoco Logistics Partners L.P. announced that Sunoco Pipeline L.P. and Inland Corporation will commence a binding Open Season for the Allegheny Access Pipeline project, which will transport refined products from the Midwest to eastern Ohio and western Pennsylvania markets.

WorleyParsons has announced that Chevron North Sea Limited has selected WorleyParsons and its INTECSEA subsidiary to execute the Front End Engineering and Design (FEED) for the Facilities associated with Rosebank field which include a floating production, storage and offloading (FPSO) and subsea infrastructure.

Aker Solutions has won a contract to deliver a deepwater drilling riser system to Atwood Oceanics, the drilling operator.

S.J. (Sherman) Glass, Jr., president, ExxonMobil Refining & Supply Company, and vice president, Exxon Mobil Corporation has elected to retire on 1 August 2012, after over 40 years of service. It is anticipated that the board of directors of Exxon Mobil Corporation will appoint D.W.

 Arguably the world's most advanced fast attack nuclear submarine, the USS Mississippi was officially commissioned to the United States Navy.

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.