Thursday 24 July 2014

Exxon in $1bn Antwerp plant investment

ExxonMobil Corporation will invest $1 billion in its 320,000 bpd Antwerp refinery, the company said, even as many firms pull back from a European industry hammered by low refining margins. ExxonMobil said it would install a new un


Global diamond consumption to surge 67pc

A surge in rough diamond consumption by the growing middle classes in China and India will push global consumption to $26.1 billion in value, from its 2011 level of $15.6 billion, marking a rise of more than 67 per cent, a report said.


Diamond seen replacing gold as safe haven

If the last years were those of gold, the decade to come will be the years of the diamond, with demand outgrowing production twice as fast, said a report by top consultancy Bath and Company. The demand for diamonds will reach 247 million c


Oman, Antwerp in Duqm port joint venture

Oman and the Belgian port of Antwerp have signed an agreement to set up a joint company to manage the sultanate's port at Duqm, a finance ministry statement said. "The government and Belgian port of Antwerp will each have 50 percent shareh


DP World's Antwerp venture cleared

State-owned investor Dubai World has won permission from EU competition authorities to form a venture for breakbulk services with Conti 7 and Rickmers at the Belgian port of Antwerp. "The (European) Commission's investigation showed that t

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