Tag: oil refining
Japanese, Middle East firms eye USD 6bn energy investment
Japanese & Middle East Firms planning USD 6B investment in Vietnam for a major refinery and hydrogen engine parts plant.
Bashneft to invest USD 1.2 billion
Bashneft has announced plans to invest 35 billion rubles over five years in oil refining and petrochemicals. Bashneft plans to invest about 19 billion rubles in raising product yield from crude and production of light oil products; 9.
Kobe acquires 44% stake in Wuxi
Kobe Steel Limited (Kobe Steel) has acquired a 44.3% equity share in Wuxi Compressor Co Limited (Wuxi), after reaching an agreement with parent company Wuxi Victor Group Co Limited. The investment will allow Kobe Steel to meet the increasing demand for process gas compressors in China. The acquisition of the Wuxi shares was made through Kobelco (China) Holdings Co Limited, Kobe Steel's China headquarters.