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COPYRIGHT 2005 Asia Pulse Pty Ltd
An executive briefing on energy for Feb 28, 2005, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
INDONESIA NEEDS THREE MORE OIL REFINERIES SAYS MINISTER
JAKARTA - Indonesia will need three more oil refineries with a processing capacity of 125,000 barrels of crude oil a day until 2008.
Energy and Mineral Resources Minister Purnomo Yusgiantoro said the government has no money to build new refineries, therefore, it relies on the private sector.
CHINA'S PETROCHEMICAL EQUIPMENT MAKERS RUSH TO MEET DEMAND
BEJING - China's petrochemical equipment manufacturers are rushing to beat orders for giant equipment as the fast-growing petrochemical industry has entered the peak period in the demand for giant equipment.
Acording to conservative estimates, the fixed asset investment in the petrochemical industry will be kept at an annual clip of 100 billion yuan (US$12.1 billion) in the future, with about 30 per cent going to procurement of super large installations and devices.
OMANI ALUMINUM CO, INDUSTRIAL PORT SIGN AGREEMENT
MUSCAT - Sohar Aluminum Company (SAC) and Sohar Industrial Port Company have signed an agreement allowing SAC to utilize lands for building a power generation plant and a facility for handling imports of aluminum raw material and storage of finished products.
According to the agreement, SAC...
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