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Report: Iran to build petrochemical refinery in Malaysia

Published December 3, 2008, 6:47 pm, People's Daily

Iran has inked the contract to build a refinery-petrochemical complex in Malaysia, Iran's satellite Press TV reported Wednesday. "The contract was signed Tuesday in Malaysian capital of Kuala Lumpur between Iran's Hampa Engineering Corporation and a Malaysian firm," the report said. The refinery-petrochemical complex, which will manufacture gas-oil, gasoline, jet fuel, liquified natural gas(LNG) ...

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Berea considers buying Parker Seal building

Published December 3, 2008, 9:20 am, Richmond Register

Berea City Council members reviewed a contract proposal Tuesday night that would give the city ownership of the old Parker Seal building. The 70,000-square-foot facility on nine acres of land is located near the intersection of Oak and Lewis streets.The city has been in negotiation with the Parker Hannifin company for the past four years, and has negotiated a purchasing price of $150,000, ...

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BG and BP exchange assets

Published December 3, 2008, 5:56 am, ShareCast via Yahoo! UK & Ireland Finance

Oil explorers BG and BP have exchanged assets with each other worth approximately £300m.

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Malaysia to invest 5 to 6 bln dollars in Iran's gas fields

Published December 2, 2008, 6:47 pm, People's Daily

Malaysia will invest 5 to 6 billion U.S. dollars in Iran's gas fields, according to the cooperation memoranda of understanding (MoU)s that the two sides signed on Monday, Iran's satellite press TV reported Tuesday. "Malaysia will invest 5 to 6 billion dollars via buy-back contracts in two Iranian gas fields (Ferdous and Golshan)," Iran's Oil Minister Gholam Hossein Nozari was quoted as saying. ...

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Malaysia to Invest $5-$6B in Iran's Gas Fields

Published December 2, 2008, 9:46 am, Rigzone

Malaysia will invest US $5 to $6 billion in Iran's gas fields, according to the cooperation memoranda of understanding (MOU)s that the two sides signed on Monday, Iran's satellite press TV reported Tuesday.

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UAE's ADCO's $4.5b projects to add 100K bpd by 2013

Published December 1, 2008, 11:00 pm, MENAFN

UAE's ADCO's $4.5b projects to add 100K bpd by 2013

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ADCO’s $4.5b Projects to Add 100K bpd by 2013

Published December 1, 2008, 11:30 am, Khaleej Times

DUBAI - Abu Dhabi Company for Onshore Oil Operations (ADCO) will raise its oil production in an incremental style up to 1.8 million bpd by the year 2017, adding another 424,000 bpd to its current production level of 1.4 million bpd, with the completion of four main projects,” said Abdul Munim Al Kindi, its general manager.

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Abu Dhabi to Boost Crude Output to 1.8 MM B/D by 2017

Published December 1, 2008, 8:02 am, Rigzone

The largest operating unit of Abu Dhabi National Oil Company (ADNOC) plans to boost oil production capacity by more than 400,000 barrels per day (bpd) by 2017, it said on Monday.

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Arctic treasure hunt puts chill on diplomacy

Published December 1, 2008, 4:43 am, The Globe and Mail

SKOGFOSS, NORWAY — In the grey Arctic landscape that separates Norway from Russia, Sergeant Henrik Molmann and his fellow soldiers are doing their best to stay on good terms with the men across the border as tensions over the treasure under the Arctic ice unfold.

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Arctic treasure hunt puts chill on diplomacy

Published December 1, 2008, 4:35 am, The Globe and Mail

As polar ice melts north of the Russian and Norwegian coastlines, the competition to exploit the sea's hidden resources heats up

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