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12:38 PM, 8th July 2015
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Former Yara CEO and executives sentenced to prison in corruption case

OSLO, NORWAY: A Norwegian court sentenced four former top executives at Yara International ASA, the world’s biggest nitrate fertiliser maker, to prison on Tuesday for paying bribes in Libya and India, in one of Norway’s biggest corruption scandals. Prosecutors had accused the men of paying around $8 million in bribes to officials in India and Libya - including to the family of former Libyan leader Muammar Gaddafi’s oil minister and the family of a financial adviser in Ind ...

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6:11 AM, 21st December 2015
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Tecnimont bags Orpic’s $895 mn EPC contract in Oman

MILAN, ITALY: Maire Tecnimont SpA said that its subsidiary Tecnimont SpA has been awarded an engineering procurement construction (EPC) contract for realization of a polyethylene (HDPE/LLDPE) and polypropylene plant (PP) for approx $895 million by Oman Oil Refineries and Petroleum Industries Company SAOC (Orpic). The start date is envisaged by March 2016 while the completion of the scope of work is expected in the fourth quarter of 2019. This contract is one of the four packages forming the Li ...

12:11 PM, 14th December 2015
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Sasol appoints joint-CEO’s and new CFO

JOHANNESBURG, SOUTH AFRICA: Sasol Limited said that it has appointed Bongani Nqwababa and Stephen Russell Cornell as joint-presidents and CEOs (Joint-CEOs) of the company, with effect from 1 July 2016, the beginning of the company’s next financial year. This follows the announcement on 8 June 2015 that David Constable, the president and CEO, had decided not to extend his contract with Sasol beyond 30 June 2016. Nqwababa is currently chief financial officer of Sasol, and a member of its ...

4:11 AM, 30th September 2015
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Fluor bags Sasol’s project in South Africa

IRVING, US/JOHANNESBURG, SOUTH AFRICA: Fluor Corporation said that it has signed a three-year agreement with Sasol Group Technology to perform a range of projects as an integrated team at Sasol’s facilities in Secunda and Sasolburg, South Africa. The primary objective of the agreement is for Fluor and Sasol to collaborate on small and mid-sized oil and gas projects. Fluor will also share its expertise on proprietary engineering and project execution tools and systems with selected Sasol G ...

7:44 AM, 15th September 2015
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Elenilto bags contract to develop $1.4 bn phosphate, fertilizers plant in Togo

LONDON, UK: Elenilto, controlled by the Israeli billionaire Jacob Engel, said it has been recently awarded by the government of Togo, West Africa, in an international tender, to develop the phosphate mining and fertilizers plant project in Togo. Elenilto, which leads and controls the consortium, is cooperating in this project with Wengfu as its strategic partner. Wengfu is one of the top international phosphate and fertilizers group with experience in the phosphate chemical industry in China, El ...

12:07 PM, 2nd September 2015
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Perstorp launches competition for thermoplastic materials innovation

PERSTORP, SWEDEN: Perstorp AB said as a celebration of the 40th anniversary of its Capa caprolactone thermoplastic materials, it launched a competition on 1 Sept, aiming to reach out to people to identify and solve a future challenge in this ever-changing world. The goal via this crowdsourcing initiative is to engage with visionary and technically minded people from all over the world – university students and professionals alike – to scan the horizon for potential challenges and co ...

6:50 AM, 2nd September 2015
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UOP licenses technology to expand refinery in Egypt

DES PLAINES, US: UOP LLC, a Honeywell company said that Egypt’s Alexandria National Refining & Petrochemicals Company (ANRPC) will use UOP technology and equipment as part of a $300 million, multi-year project to expand an existing, state-of-the-art gasoline production facility to meet growing domestic demand for high-octane gasoline. ANRPC will add a second UOP CCR platforming process unit, including a modular CCR section, at the facility in Alexandria to produce high-quality reforma ...

6:10 AM, 16th July 2015
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Portable ‘paper machine’ can diagnose disease for less than $2

CAMBRIDGE, US: In the US and other industrialized nations, testing for infectious diseases and cancer often requires expensive equipment and highly trained specialists. In countries where resources are limited, performing the same diagnostics is far more challenging. To address this disparity, scientists are developing a portable, low-cost “paper machine” for point-of-care detection of infectious diseases, genetic conditions and cancer. Their report appears in the ACS journal Analyti ...

12:38 PM, 8th July 2015
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Former Yara CEO and executives sentenced to prison in corruption case

OSLO, NORWAY: A Norwegian court sentenced four former top executives at Yara International ASA, the world’s biggest nitrate fertiliser maker, to prison on Tuesday for paying bribes in Libya and India, in one of Norway’s biggest corruption scandals. Prosecutors had accused the men of paying around $8 million in bribes to officials in India and Libya - including to the family of former Libyan leader Muammar Gaddafi’s oil minister and the family of a financial adviser in Ind ...

5:04 AM, 18th June 2015
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Shell, BG $70 billion deal crosses key milestone with US clearance

LONDON, UK: US regulators have given the green light for Royal Dutch Shell’s proposed $70 billion acquisition of British rival BG Group, the first clearance for the biggest deal in the energy sector in over a decade. The two companies said on Tuesday the United States Federal Trade Commission (FTC) had cleared the deal. The deal, which the companies aim to complete by early 2016, will require further regulatory clearances from all the countries BG operates in, including the European Unio ...

9:47 AM, 15th June 2015
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Momentive opens logistics centre in Dubai

WATERFORD, US: Momentive Performance Materials Inc said it has inaugurated the Middle East & Africa (MEA) logistics centre at Dubai, UAE and it will act as a vital gateway to serve Momentive’s customers in the MEA region. The new logistics centre, located in the logistic city will complement the company’s sales offices and technical services lab in Jebel Ali. “Momentive continues its commitment to expanding our manufacturing and technology footprint by investing in high gr ...

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