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IIR Industry News Alerts
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Daily Industrial Market News
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PetroVietnam Selects Engineering Firm to Begin FEED Work on Vietnam's Second Refinery
SUGAR LAND--October 7, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Vietnam Oil and Gas Corporation, also known as PetroVietnam Corporation, has selected a front-end engineering design contractor for the proposed $6.2 billion, 10 million-ton-per-year (about 214,000 barrels per day (BBL/d)) crude oil refinery in Thanh Hoa, Vietnam. The refinery will be the country's second major crude oil refinery.
Companies featured: Foster Wheeler (NASDAQ:FWLT), Technip (OTC:TKPPY), JGC Corporation (TYO:1963)
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Improving Plant Safety, Reliability and Efficiency, by Curtiss-Wright Flow Control Corporation, a Feature of "Industry Today" on Industrialinfo.com
Industrial Info Resources (Sugar Land, Texas) will host special guest Curtiss-Wright Flow Control (CWFC) (Falls Church, Virginia) as part of this week's Industry Today webcast. CWFC is a leader in designing and manufacturing highly engineered valves, pumps, electronics and related products for the commercial nuclear power industry, oil and gas processing facilities, a range of critical national defense programs, as well as a host of solutions for numerous other industries.
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Essar Oil to Increase Capacity at Vadinar Refinery to Meet Target of 1 Million Barrels Per Day
BANGALORE, INDIA--October 6, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Essar Oil Limited (BSE:500134) (Jamnagar, Gujarat), part of the Ruia family-owned Essar Group (Mumbai), will expand the refining capacity of the Vadinar refinery in Jamnagar to about 700,000 barrels per day (BBL/d). The expansion is seen as the first step toward achieving a refining target of 1 million BBL/d by 2012, Essar Oil CEO Naresh Nayyar said. Essar Oil is aggressively scouting markets in Africa, Asia and the Middle East to acquire or set up refineries. The company is negotiating with Kenya Petroleum Refineries Limited to buy a 50% stake in the company. Kenya Petroleum is jointly owned by Kenya's government and Chevron Corporation (NYSE:CVX) (San Ramon, California), Royal Dutch Shell PLC (NYSE:RDS.A) (The Hague, The Netherlands) and BP PLC (NYSE:BP) (London). The buyout is being viewed as a strategy toward achieving the target of 1 million BBL/d.
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Independent Refiner Sunoco Focusing on Existing Assets in Volatile Market
SUGAR LAND--October 3, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Independent refiner Sunoco Incorporated (NYSE:SUN) (Philadelphia, Pennsylvania) has been feeling the effects of a weakening economy and record-high crude oil prices this year, President and CEO Lynn Elsenhans said October 1 in New York at the Merrill Lynch Global Energy Mid and Small Cap Conference. "We didn't see the normal strength in the driving season happen in the northeast that happened in 2006 and 2007, and frankly, for most of the 28 years that I've been in this business," she said.
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HPCL-Led Consortium to Decide Vizag Refinery Funding by November's End
BANGALORE, INDIA--October 1, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--A five-company consortium consisting of Hindustan Petroleum Corporation Limited (HPCL) (BSE:500104) (Mumbai), steel magnate Lakshmi N. Mittal's group, GAIL (India) Limited (BSE:532155) (New Delhi), Oil India Limited (Duliajan, Assam), and Total S.A. (NYSE:TOT) (Paris) had signed an agreement in October 2007 to build a refinery-plus-petrochemical plant in Vizag, Andhra Pradesh. The plant, estimated to cost about $6 billion, will have a capacity of about 300,000 barrels per day.
Other companies featured: Oil and Natural Gas Corporation Limited (BSE:500312)
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Newsflash |
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PI Integrated Systems has been involved in the CAD business for the past 15 years.
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