ExxonMobil Corporation will invest $1 billion in its 320,000 bpd Antwerp refinery, the company said, even as many firms pull back from a European industry hammered by low refining margins.
ExxonMobil said it would install a new un
A surge in rough diamond consumption by the growing middle classes in China and India will push global consumption to $26.1 billion in value, from its 2011 level of $15.6 billion, marking a rise of more than 67 per cent, a report said.
If the last years were those of gold, the decade to come will be the years of the diamond, with demand outgrowing production twice as fast, said a report by top consultancy Bath and Company.
The demand for diamonds will reach 247 million c
Oman and the Belgian port of Antwerp have signed an agreement to set up a joint company to manage the sultanate's port at Duqm, a finance ministry statement said.
"The government and Belgian port of Antwerp will each have 50 percent shareh
State-owned investor Dubai World has won permission from EU competition authorities to form a venture for breakbulk services with Conti 7 and Rickmers at the Belgian port of Antwerp.
"The (European) Commission's investigation showed that t