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Iraq qualifies four Chinese companies for oil contracts

BAGHDAD -- Four Chinese oil companies were among 35 companies that qualified to participate in Iraq's coming licensing round for oil and gas contracts, the Iraqi Oil Ministry said on Tuesday. A statement issued by the ministry said that CNOOC China LTD, CNPC, Sinochem and Sinopec ...

Kemira expands its production of water treatment chemicals in China

15 Apr 2008 - Kemira will multiply its production capacity in water treatment chemicals in central China. The investment is done by Kemira Water Solutions (Chongqing) Co. Ltd , of which Kemira owns 80 percent of the stock capital. The company will invest in a new production line ...

Albemarle Corporation Enters into Letter of Intent to Acquire Sorbent Technologies Corporation

15 Apr 2008 - Albemarle Corporation and Sorbent Technologies Corporation jointly announced that they have signed a letter of intent for Albemarle to acquire Sorbent Technologies, a full-service power plant mercury control provider. The transaction will be an all-cash transaction ...

Octal Petrochemicals to expand PET capacity to 800,000 tons

Octal Petrochemicals will add 500,000 tons of PET capacity in second-phase expansion by May 2010. With this, production capacity will spike to 800,000 tpa, making the company the largest polyester manufacturer in the Middle East and one of the biggest outside of China on one site...

Billionaire Texas oil man makes big bets on wind

WASHINGTON - Legendary Texas oil man T. Boone Pickens has gone green with a plan to spend $10 billion to build the world's biggest wind farm. But he's not doing it out of generosity - he expects to turn a buck. The Southern octogenarian's plans are as big as the Texas prairie, ...

Rhodia to boost innovation capability in Asia

17 Apr 2008 - Rhodia celebrated the laying of the foundation stone for a new world-class Research & Development facility in Shanghai, China. The new facility, due to open in summer 2008, shall reinforce the Shanghai laboratory's position as one of the five major R&D centers of ...

Geon Performance Polymers is Polyones' new Vinyl business segment

Geon Performance Polymers is the new name for the PolyOne Corporation's Vinyl Business segment. Geon Performance Polymers business is working to capitalize on specialty applications such as unique surface finishes and colors for appliances, heat- resistant compounds used to ...

Status of acrylonitrile plants in Asia

Several large acrylonitrile plants in Asia have been shut for maintenance turnaround since Q1-08, , resulting in tight supply in the region. Japan's Asahi Kasei Corporation and Taiwan's China Petrochemical Development Corporation (CPDC) have both shut down some production units ...

Russian Government withdraws 6.5% export duty on polyethylene

The Russian government has withdrawn the 6.5% export duty on polyethylene, with effect from May. The SIBUR holding had been lobbying for the removal of the export duty. Currently, its exports are insignificant, but are likely to increase with its recent acquisition of Kazanorgsin...

Oil stays near $115 on dollar, data

TOKYO - Oil held near $115 a barrel on Thursday, off a record high above that level hit earlier but supported by a weak dollar and U.S. government data showing a sharp fall in U.S. gasoline inventories. Crude for May delivery CLc1 was trading down 6 cents at $114.87 a barrel by ...

Petchem production dampened in Texas - report

HOUSTON --Petrochemical and plastic production dampened in a key US region as a result of soft domestic demand and rising energy costs, the US Federal Reserve (Fed) said on Wednesday in its beige book. The Fed divides the US into 12 reporting districts. The Dallas district ...

Int l Oil, Gas and Petrochemical Exhibition opens in Iran

TEHRAN -- The 13th International Oil, Gas and Petrochemical Exhibition opened here Wednesday. Iran's Oil Minister Gholam-Hossein Nozari was present at the opening ceremony of the exhibition slated for April 16-20. Some 505 foreign and 860 Iranian companies are participating in ...

OPEC daily prices set new record

VIENNA -- The daily average oil prices of the Organization of Petroleum Exporting Countries (OPEC) set a new record of 105.73 U.S. dollars per barrel (dpb) on Tuesday, the Vienna-based cartel said Wednesday. The prices registered 1.71 dollars higher than the previous record of ...

Oil holds just below record $117 a barrel

PERTH - Oil hovered just below a record $117 a barrel on Monday, supported by worries of supply disruptions in Nigeria and comments by OPEC that it saw no need to increase production. U.S. light crude for May delivery rose 6 cents to $116.75 a barrel by 2310 GMT. It settled up $1...

Oil running out as prime energy source: world poll

WASHINGTON - Most people believe oil is running out and governments need to find another fuel, but Americans are alone in thinking their leaders are out of touch with reality on this issue, an international poll said on Sunday. On average, 70 percent of respondents in 15 ...

Weak dollar not sole reason for high oil prices

VIENNA -- OPEC's average daily oil prices have set records 16 times since the beginning of this year and soared to 106.65 U.S. dollars per barrel (dpb) Wednesday, the Vienna-based cartel said Thursday. Oil prices have surged higher since 2007 and regularly hit new peaks, so that ...

DSM announces plans for largest investment program ever for Dyneema

18 Apr 2008 - Royal DSM N.V. announced plans for a substantial capital expenditure program, expected to involve up to USD 450 million. This will increase production capacity in its Dyneema business, enabling DSM to capitalize on expected continuous growth in demand in the United ...

QuestAir announces completion of testing for refinery hydrogen purifier

18 Apr 2008 - QuestAir Technologies Inc. announced that testing of the prototype H-6200 hydrogen purifier at an ExxonMobil affiliate refinery in France was successfully completed in March. The H-6200 hydrogen purifier has been operating under test since late October 2007 and has ...

SABIC apologizes for flaring at Wilton

Flaring has currently occurred on SABIC's Olefins 6 plant at Wilton. It began in night and continued throughout the night, but is expected to reduce as the day progresses. The plant tripped, shutting itself down, resulting in the unavoidable need to flare. Flaring is the ...

Weak dollar not sole reason for high oil prices

VIENNA -- OPEC's average daily oil prices have set records 16 times since the beginning of this year and soared to 106.65 U.S. dollars per barrel (dpb) Wednesday, the Vienna-based cartel said Thursday. Oil prices have surged higher since 2007 and regularly hit new peaks, so that ...

Latest World News

china

Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...

trade

sports

Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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