Asia/Pacific
Reliance unveils $18bn investment plan in India
Reliance will invest about 1.0 trillion rupees ($18.12 billion) in India over the next five years to expand and diversify its businesses that range from gas production and oil refining to selling groceries and iPhones. Billionaire chairman Mukesh Ambani said recent economic difficulties are temporary.
Shell to spend $1.6bn on LNG import, regasification terminal in Philippines
Shell will develop an LNG import and re-gasification terminal in the Philippines, members of the UK government confirmed. Shell is already the largest foreign investor in the Philippines at over $5 billion.
Jacobs wins engineering work in Singapore on new Evonik amino acid project
Jacobs Engineering Group was awarded a contract from Evonik Industries to provide engineering, procurement and construction management (EPCm) services for a new methionine production complex at Jurong Island, Singapore. The integrated complex is scheduled for a 2014 start up.
Domestic demand likely to limit US exports of LNG, says RasGas executive
The US could see another natural gas revolution - an explosion in domestic demand - that could limit its exports as production there levels off, Mr. Mohannadi said. Gas from unconventional resources such as shale now comprises 35% of total US gas output, up from only 1% a decade ago.
Solutia awards engineering deal to Jacobs for resin project in Malaysia
Jacobs Engineering Group was awarded a contract from Solutia to provide engineering, procurement and construction management (EPCm) services for the Kuantan resin plant in Kuantan, Malaysia. The companies noted that the project is scheduled to be completed in 2013.
Essar Oil expands India refining capacity by 11%
Essar Oil has raised capacity at its Vadinar refinery in the western Indian state of Gujarat by 11% to 400,000 bpd. Essar said the share of heavy and ultra-heavy crude in the total crude it processes will go up to 80%.
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- Envision sets sail with world's first commercial green ammonia cargo to South Korea 2/27
- Eni takes FID on biorefinery conversion project in Sannazzaro 2/27
- Valmet launches Valmet FlexBatch 8, the latest version of its advanced batch automation and recipe management software 2/27
- Druzhba pipeline carried Ukrainian and Russian oil before January attack 2/27
- Motiva buys cargo of Venezuelan heavy oil for March delivery; first purchase since 2019 2/27
- Mubadala's Acelen to boost diesel capacity at Brazilian refinery Mataripe by 10% 2/27
