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Equate wins CSR awardKuwait-based Equate Petrochemical Company said it has won "the Best Contribution for Corporate Social Responsibility (CSR)" award, at a ceremony held in Dubai. The honour was presented at the Chartered Institute of Purchasing & Supply (CIPS) Middle East Awards 2013. More… |
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Aramco-Dow JV raises funding for $19bn projectSadara Chemical Co, a joint venture between Saudi Aramco and Dow Chemical , has signed a fundraising package for the $19.3 billion petrochemical complex it is building in the east of the kingdom, three banking sources said. The financing package totals around $12.5 billion and co More… |
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Oil soars to new high on ME unrestOil rose and US crude hit a nine-month intraday high on Friday, after news that the United States had authorized sending US weapons to Syrian rebels sparked concerns about Middle East supplies. President Barack Obama authorized arming rebels in Syria after the White House said it More… |
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Iran oilfields 'could spring back from Western sanctions'Iran's oilfields will be able to bounce back within months from drastic production cuts if Western sanctions are lifted although a full recovery would take over a year and require hefty investment, said oil industry experts. Once ranked No.2 in Opec behind Saudi Arabia, Iran& More… |
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Forum to focus on enery sector technologyThe concept of communication between devices, machines and bringing energy fields closer to each other will be the focus of a conference to be held next week in Abu Dhabi. The M2M Technology Forum, organised by IQPC, will be held on June 18 and19 at the Le Royal Meridien. More… |
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French firms support future energy summitLeading French companies have pledged their support for the future energy summit to be held in Abu Dhabi next year, following a road show in France recently. The road show outlined opportunities in the power sector in the GCC. The World Future Energy Summit (WFES), More… |
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QP inks tech licence deal for petchem plantQatar Petroleum said it has signed the technology licence contract with and Qatar Petrochemical Company Limited (Qapco) for the upcoming Al Sejeel Petrochemical Complex at Ras Laffan Industrial City. The duo had early last year signed the Heads of Agreement (HoA) to jointly devel More… |
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Oil steady at $103; equities balance high stocksBrent crude oil steadied around $103 on Wednesday, buoyed by a rally in global stock markets despite an unexpected jump in oil inventories in the United States and a cut in estimates for oil demand growth by the world's big oil market forecasters. World equities stabilised on More… |
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BP cuts global gas reserves estimateOil major BP steeply cut its estimates of global gas reserves on Wednesday, revising Russian reserves down sharply and putting Iran at the top of the world league table for the first time in decades. In its benchmark annual statistical review, BP put global proven gas reserves at More… |
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Maintenance section boost for BapcoBapco's major maintenance section has set a new benchmark in the first half of the year, achieving success in various projects undertaken, said a report. The section successfully replaced 1,950-feet length of piping of number 11 sea-line from Wharf to New Island Wharf in the More… |
