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BRIEFING - ASIA ENERGY - MAY 27, 2004.

Publication: AsiaPulse News

Publication Date: 27-MAY-04
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COPYRIGHT 2004 Asia Pulse Pty Ltd

An executive briefing on energy for May 27, 2004, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

SK GROUP TO INVEST UP TO $US17 BLN IN CORE BUSINESSES BY 2007

SEOUL - SK Group, South Korea's third-largest conglomerate, on Thursday pledged to invest up to 20 trillion won (US$17.06 billion) in its three core businesses - information-telecommunication, energy and bio-science - by 2007, creating 90,000 new jobs.

The plan was announced after the group held a research and development committee meeting presided over by Chey Tae-won, chairman of SK Corp., the group's de facto holding company.

VIETNAM, FRANCE SIGN NUCLEAR POWER DEAL

HANOI - Viet Nam and France on Wednesday signed an agreement nuclear cooperation for peaceful purpose.

Viet Nam's Deputy Minister of Industry, Nguyen Xuan Thuy and a representative of France's Ministry of Economy, Finance and Industry signed the document according to which Paris pledged to support Viet Nam to develop its fledgling nuclear technology.

PETRONAS AWARDS TWO OFFSHORE BLOCKS

(Full text of a statement. Contact details below.)

KUALA LUMPUR -PRNewswire-AsiaNet/ --

PETRONAS today signed two Production Sharing Contracts (PSCs) with Newfield Exploration Company of the United States and PETRONAS Carigali Sdn Bhd for Block PM318 offshore Peninsular Malaysia and Deepwater Block 2C offshore Sarawak.

JAPAN'S SHOWA DENKO TO USE MORE NON-NAPHTHA FEEDSTOCK

TOKYO - Showa Denko KK (TSE:4004) plans to diversify the feedstock at...

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