Tag: company news

Petrobras to invest in Ecuador

Brazilian oil concern Petroleo Brasileiro SA (Petrobras) plans to invest USD 30 million in Ecuador by the end of the year.

Cork pharma plant

ALTANA Pharma AG (Konstanz, Germany,) is set to lodge a formal planning application for its proposed production facility at the IDA Industrial Estate, Carrigtwohill, Co. Cork, Ireland.

LNG project for UK can go ahead

UK energy infrastructure company National Grid Transco has obtained planning consent for its liquefied natural gas terminal project in southern England, Chief Executive Roger Urwin has said.

Sudanese refinery

China National Petroleum Corp. plans to invest USD 1 billion jointly with Sudan to create the African country's largest oil refinery.

BASF to increase DMF capacity in Nanjing

BASF-YPC Company Limited will increase annual capacity at its DMF plant by 10,000 to 40,000 metric tons.

JGC wins Abu Dhabi contract

JGC has won a contract for the construction of crude oil processing facilities in Bab, Abu Dhabi.

South Pars talks in final stages

Oil Minister Bizhan Namdar-Zangeneh has said that the talks on a project for development of the 11th phase of South Pars gas field with foreign bidders are in the final stage.

PIC, Dow plan ethylene and derivatives complex

Petrochemical Industries Company (PIC) of Kuwait, a wholly owned subsidiary of Kuwait Petroleum Corporation, and the Dow Chemical Company have announced a plan to construct a new ethylene and derivatives complex in Shuaiba, Kuwait, referred to as Olefins II.

Metso to supply Iran

Metso Panelboard will supply a MDF (Medium Density Fiberboard) production line to Jahad Tahghighat Group (JTG) in Iran.

Sakhalin 2 deal

Mitsui & Co., Mitsubishi Corp. and the Royal Dutch/Shell Group of the Netherlands have agreed to invest USD 10 billion over five years in a joint oil and gas development project in Russia, company officials have said.