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Allegheny Technologies Inc. has sold the North American operations of its titanium distribution company, Titanium Industries Inc., to a newly formed company which is led by current Titanium Industries management.

Mitsubishi International Corp., a subsidiary of Mitsubishi Corp., and Stelax Industries Ltd, Dallas, Texas, have announced the execution of a letter of intent whereby the parties, subject to final documentation and due diligence, have agreed to become strategic partners.

Energy giant Royal Dutch/Shell Group is believed to be about to mount an USD 11 billion bid for troubled US energy supply group Enron Corp., the Independent on Sunday said.

The European Petroleum Industry Association (Europia) and the Engineering Equipment and Materials Users Association have published a guide to the use of ISO15649 and ANSI/ASME B31.3 for piping in Europe in compliance with the Pressure Equipment Directive (PED).

Kvaerner has announced the appointment of Kristian Siem as its new President and CEO.

Kvaerner PLC, together with Yukos, a group of Norwegian and international banks, including DnB, Nordea, and Norsk Tillitsmann on behalf of the Norwegian bond and certificate owners, has agreed to propose a complete solution for solving Kvaerner's financial problems.

China Petrochemical Corp. (Sinopec), plans to invest CNY 13 billion (USD 1 = CNY 8.28) in the next five years in oil and gas exploration and production in western China's Tarim and Junggar basins.

Interquisa Canada, a Spanish-Canadian joint venture between Compania Espagnola de Petroleos's chemical division Interquisa (San Roque, Spain) and Societe Generale de Financement's subsidiary SGF Chemie has started construction of a new Purified Terephthalic Acid (PTA) plant in Montreal, Quebec.

Kvaerner PLC is continuing negotiations with its creditor banks in order to avert bankruptcy.

The 2001 edition of RICH•MAC, International Exhibition of Chemistry and International Show of Chemical Equipment and Equipment for Analyses, Research, Controls and Biotechnologies, held at Fiera Milano, attracted researchers, engineers, chemists, clinical biochemists, laboratory technicians, biologists, physicians as well as commercial operators and managers for five intense days.