Tuesday 28 June 2016
 
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Marsol International supports OOCEP’s first crude export from MGP terminal

Marsol International, a UAE-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, has successfully supported Oman Oil Company Exploration & Production’s (OOCEP) first shipment of crude oil from the Musandam gas plant (MGP).

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Tesla offers $2.8bn for SolarCity

Elon Musk on Tuesday sought to build a clean energy powerhouse as his electric car maker, Tesla Motors Inc, made an offer to buy his solar installation firm SolarCity Corp in a stock deal worth as much as $2.8 billion. Tesla shares plunged more than 13 per cent to $189.99 in exte

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Iran’s petchem plant to go on stream by March

The first phase of Iran’s Maroon Petrochemical Plant will go on stream by March 20, 2017, said a senior company official in a report. The unit is being constructed with the goal of completing the value chain in the downstream sector of the industry and to prevent the sale o

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GA-EMS electrostatic separators selected for Sohar refinery

US-based General Atomics Electromagnetic Systems (GA-EMS) Group, a global leader in the research, design, and manufacture of first-of-a-kind electromagnetic and electric power generation systems, announced that it has received an order for a 180-module Gulftronic electrostatic separator for i

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Oil prices above $50 after US stock data

Oil prices rose in early Asian trading on Wednesday, with US crude joining Brent above $50 a barrel after data from the American Petroleum Institute (API) showed a larger than expected draw on stocks. US crude futures' August contract, the new front month from Wednesday, had

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Jam Petrochemical Plant reaches output capacity

Jam Petrochemical Plant, a leading polypropylene producer in Iran, has approached its nominal output capacity of polypropylene, said a senior company official in a report. The company’s production reached 48,000 tonnes in the two months to May 20, Kambiz Mirkarimi, CEO of J

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Oil prices slip after rally as market turns cautious

Oil prices fell on Tuesday after a strong two-day rally abated amid volatility fed in part by a vote later this week in Britain that will determine whether the country will leave the European Union.   A one-month ceasefire between the government and Nigerian mil

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Iraq southern oil exports average 3.14 mbpd so far

Oil exports from Iraq's southern ports are averaging 3.144 million barrels per day (mbpd) so far in June, down from May due to maintenance work and weather, a South Oil Co official said.   State-run South Oil oversees Iraq's operations in the southern pr

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Russia beats Saudi Arabia as China's top crude supplier

Russia beat out Saudi Arabia as China's largest oil supplier in May, customs data showed on Tuesday, marking the third month in a row the world's biggest oil producer has topped the world's biggest oil exporter in feeding China's market.   Russia

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GE seeks to sell remaining Hyundai Capital stake

South Korean car maker Hyundai Motor Co said on Tuesday General Electric seeks to sell out of its 20 per cent stake in their joint venture, unlisted lender Hyundai Capital, to a third party. It did not offer any details. Hyundai Motor and affiliate Kia Motors in De

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