Iran’s traders hit by petrol prices
Petrol rationing imposed in June by Iran's president Mahmoud Ahmadinejad is beginning to take its toll on the economy. The consequent rise in petrol prices has had a devastating effect on trade. Key tourism cities such as Isfahan, Shiraz and Mashad – often considered key indicators of economic prosperity – have been hit the hardest, with almost 30,000 traders reported to be near bankruptcy this year in the normally flourishing Mashad markets
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erpec 11 in Barcelona - 'Early Bird' bookings now available
erpec 11 is a biennial industry gathering of business opportunities, formal discussions, sector networking, pre-arranged meetings, which brings Europe’s leading oil company Engineers, Purchasers, Retail Managers, Shop Managers, Designers and Construction Directors together, with International suppliers of retail petroleum services & equipment.
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Indian Government cuts subsidies on gasoline, petroleum products
Through a landmark decision taken by a high-level group of ministers, the Indian government has announced the rolling back of subsidies on petrol and other petroleum products
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Government review of Spain’s fuel retail policy may attract supermarkets
The Spanish government is to review its policies relating to the fuel retail industry due to low levels of competition and rising fuel prices. If the review - which aims to reduce the regulatory hurdles involved in opening new fuel outlets, restrict the power of large oil companies and increase competition - is passed, the Spanish service station sector could attract more supermarket players
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South Dakota pushes ethanol as transport fuel
In an attempt to boost the use of ethanol as a vehicle fuel, South Dakota, US, is to award a million (€1.2 million) grant to a possible install of 100 ethanol blender pumps at fuel stations across the state
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Turkey’s OPET to trade distillates in Asia
Turkey's OPET, which began trading marine fuels in Singapore last year, plans to branch out into middle distillates and expand its fuel oil volumes in the growing Asian market, a senior official informed
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20 years of OMV filling stations
The success story began in 1990 with the opening of the first OMV filling station in Vienna Auhof
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BP will introduce a three-stage crisis response plan
BP will introduce a three-stage crisis response plan to the oil spill in the Gulf of Mexico at the end of which CEO Hayward is likely to go, according to an article in the German newspaper Handelsblatt. The plan would aim at raising capital to finance the cost of the spill and improving BP's image which has been severely damaged, especially in the US, in the wake of the accident
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SHELL restructures station network in India
Shell in India announced that it is preparing to sell around 20 petrol stations from its 80-strong outlet portfolio in India in an attempt to optimise its store locations
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Kuwait Petroleum to boost presence in Europe
The President of the Kuwait Petroleum International (KPI), Hussein Ismail, has said that KPI is committed to consolidate its presence in the European market
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BP to sell French retail business to Israel's Delek
British oil giant BP has agreed to sell its French retail business to Israeli conglomerate Delek Group for 180 million euros (1.5 million), Delek infomed
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TOTAL SA and Mugg & Bean team up
Forecourt retailer Total SA and restaurant chain Mugg & Bean have signed an agreement to develop Mugg & Bean's ‘Grab & Go’ concept at Total service stations in South Africa. The new ‘Grab & Go’ concept was launched on 10 June at the Total Service Station in Sandton Drive, Johannesburg
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OMV to offer Western Union® Money Transfer
Western Union® Money Transfer service to be offered at over 1,800 OMV filling stations across Central and Eastern Europe
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Pinnacle Partners with VendorSafe Technologies
Providing clients a simplified, low-cost PCI-DSS Compliance solution
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Durapipe PLX fuels its way success in Sussex
Durapipe’s leading PLX pipework system for fuel transfer has been specified for use within the automotive division of an engineering company in Sussex
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Dresser Wayne Ovation® eco fuel dispenser receives UL certification for E85 fuel
Dresser Wayne, a global innovator of fuel dispensers and technologies, announced that its Ovation® Eco Fuel dispenser has been certified by Underwriters Laboratories (UL) for E85. The Ovation Eco Fuel dispenser is one of the first UL-approved alternative-fuel dispensers, and further illustrates Dresser Wayne’s commitment to green refueling technologies
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