Asia
Sunday, 09 June 2013 16:41
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KUALA LUMPUR: Malaysian state oil and gas company Petronas has pushed back the completion date for its Johor refinery-petrochemical project to 2017 as a final investment decision has been delayed, its chief executive said on Sunday.The company was expected to give the project the green light this year but had to push it back due to political uncertainty during the national elections early this year, industry sources said."It has been delayed by just three months," Petronas CEO Shamsul Azhar Abbas told Reuters, adding that a decision would be made in early 2014.He said the project's completion would be pushed back to 2017 from the original forecast of end 2016.The CEO is expected to step down before the project is completed. When asked if he would be retiring in 2015, Shamsul said: "That's when my contract ends."Copyright Reuters, 2013 ...
BAGHDAD: Bad weather cut oil exports from Iraq's Basra ports to 864,000 barrels per day (bpd) on Saturday from 2.23 million bpd a day earlier, a shipping source said."High winds in the Gulf are disrupting loading operations and preventing ships from leaving the port," the shipping source said.Copyright Reuters, 2013 ...
BEIJING: China's daily crude oil imports in May rose 0.4 percent from the previous month as crude runs at some Chinese refineries rebounded after the completion of maintenance and as state-run ChemChina stepped up crude purchases.China, the world's largest crude buyer after the United States, shipped in 23.95 million tonnes, or 5.64 million barrels per day (bpd), of crude oil last month, down 6 percent from a record high 6.0 million bpd the same month ...
SHANGHAI: Chinese shares were up slightly in early trading on Friday after a more than one percent drop in the previous session, dealers said.The benchmark Shanghai Composite Index rose 0.15 percent, or 3.35 points, to 2,245.46.Copyright AFP (Agence France-Presse), 2013 ...
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