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Industry Newsletter | May 12, 2010 Issue

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Editor's Choice

Picture   KazMunaiGaz expands to western markets through Rompetrol and Dyneff

Oil company Rompetrol is focusing investment on increasing its annual refining capacity by one quarter - to five million tonnes of raw material - by 2012, the group’s CEO Saduokhas Meraliyev informed. Now one of the most significant foreign investors and employers in Romania, Kazakh state-owned KazMunaiGaz (KMG) acquired Rompetrol in 2007 to give the central Asian company a bridgehead in the European market

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Latest Industry News

General news

EGU: Limiting carbon emissions the SAFE way
One particular fossil fuel company hit the headlines in a big way recently, with the oil spill from BP’s Deepwater Horizon rig threatening ecosystems along the US Gulf Coast. The multinational faces a massive clean-up bill but in future, if Myles Allen of Oxford University, UK, has his way, fossil fuel extractors will also pay to limit global temperature rise
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Alternative & renewable fuels

 

Endesa participates in European project to provide real-time data on electric vehicle charging
The ELVIRE project, which has a budget of Euro 10 million, aims to dispel electric vehicles users’ concerns about being left with flat batteries before the end of their journey. The project will develop the necessary technology, solutions and services to permit constant interaction between drivers, their energy suppliers and the smart grid. Endesa’s contribution focuses on the development of communication infrastructure with the energy supplier, recharge control and system tariffs
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Oil company news

 

ENI stake in Galp likely to be acquired by Petrobras
Despite denials by Petrobras, Eni’s 33.34% stake in Galp is likely to be acquired by the Brazilian federal energy group, the Portuguese Finance Minister, Fernando Teixeira dos Santos, said
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Brazil's Petrobras to sell assets in Argentina
EnergíaPetrobras’ Argentinean subsidiary announced that it has agreed to sell 110 million dollars worth of its refining and distribution assets to Oil Combustibles
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Statoil is top choice for students
Statoil is at the top of the rankings in the 2010 Universum student survey. Norwegian students ranked the company as number one in the fields of Technology and Economy and in the top ten for IT
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Petrol stations news

 

INA: AZTN denies sale of company Crobenz to Croatian Petrol Stations
The Croatian Competition Agency (AZTN) did not approve the sale of INA’s unit Crobenz
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Fuel station tendering boosts competition in Hong Kong
Two new operators have obtained 24 of the 37 petrol station sites put up for tender since the introduction of new tendering arrangements in June 2003, showing the arrangements have enhanced competition in the fuel market
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EGoM to decide on freeing fuel prices in India
An Empowered Group of Ministers on fuel pricing is likely to meet after the current Parliament session to discuss freeing petrol, diesel and cooking fuel prices from government control. The EGoM is headed by Finance Minister Pranab Mukherjee
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Equipment manufacturer news

KSS and FuelLogix partner to enhance fuel pricing processes
FuelLogix integrates its Agility Solution with KSS’ PriceNet Fuel Price Management System to enhance business intelligence and increase fuel and store profits
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OPW 21Gv™ ORVR nozzle approved by New York State Department of Environmental Conservation
OPW Fueling Components, a Dover Company and the global leader in commercial and retail fueling equipment, is proud to announce that the New York State Department of Environmental Conservation (DEC) has approved the OPW 21Gv™ ORVR Nozzle for use at existing Stage II Vapor Recovery installations
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