Archive
International News Services archives articles supplied to clients one year or more after initial publication. These articles are protected by a password and not made available to readers without permission from clients. They are used as a background resource by agency journalists. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.
IRAQ OIL FOR FOOD
BY MICHAEL FOX
DIPLOMATS at the United Nations’ headquarters in New York say that the troubled Iraq Oil for Food Programme is in danger of running into serious problems once again unless alleged ambiguities and contradictions in the current system are sorted out.…
GUJURAT PIPE
BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA’S Gujarat State Petronet Ltd has developed plans to lay gas transmission trunk line between Shell’s LNG regasification terminal at Hazira, inland to Bharcuh, at a cost of IND Rupees 1,900 million, (US$38.74 million). Gujurat Petronet has signed a memorandum of intent with Shell Hazira Gas Pvt Ltd.…
INDIAN SUGAR
BY SWINEETHA DIAS WICKRAMANAYAKA
INDUSTRIAL alcohol manufacturers have warned the Indian government that its gasohol programme, involving the production of petrol with five per cent ethanol content, is not viable without additional alcohol being produced from sugarcane. They claim stocks will be diverted from other alcohol sectors, inflating prices.…
SRI LANKA GAS
BY SWINEETHA DIAS WICKRAMANAYAKA
LAUGFS Lanka Gas Ltd. is to start importing LPG to boost its Sri Lanka supplies, despite agreeing last October to purchase Ceylon Petroleum Corporation’s entire production for three years. Laugfs said demand had outstripped supply after selling LPG at SLRupees 100 less than competitor Shell.…
TALISMAN SUDAN
BY MONICA DOBIE
JIM Buckee, CEO of Canada’s Talisman Energy Inc., has confirmed that his company is currently in talks with India’s Oil and Natural Gas Corp. over selling its controversial oil operations in the Sudan. Mr Buckee did not name a price, but analysts estimate the Sudan operations could fetch between US$600 and US$1billion.…
ALASKA GAS
BY MONICA DOBIE
CANADIAN oil companies have criticised a recently passed bill in the US Senate that would set a floor price for Alaska gas, which could spark a trade dispute between Canada and America. Ron Brenneman, CEO of Petro Canada said: “… that represents a form of subsidy for gas from one particular source in north America.…
OIL TANKERS
BY KEITH NUTHALL
THE INTERNATIONAL Maritime Organisation is considering changes to global oil tanker standards, which would insist that each space within the cargo area has permanent access to enable overall and close-up inspections and thickness measurements of ship structures. The reform has been framed because of the Erika disaster.…
THAILAND STAR
BY KEITH NUTHALL
THE WORLD Bank’s International Finance Corporation has agreed to reschedule US$204 million of its loans to Star Petroleum Refining Company Limited, Thailand, which is 64 per cent owned by Chevron-Texaco. The Thai company’s overall debt is US$549 million.…
PETRONAS - SOUTH AFRICA
BY RICHARD HURST
MALAYSIAN petroleum giant Petronas has entered into a contract with South African technology company Prism to manufacture 672 secure self-service payment terminals. The latest deal, worth around Rand 15-million and brings to 3,054 the number of Prism terminals installed at Petronas petrol stations.…
THAILAND - MALAYSIA
BY MARK ROWE
THE THAI-Malaysian gas pipeline, a joint project between Thailand’s PTT Plc and Malaysia’s Petronas, has been approved by the Thai Prime Minister Thaksin Shinawatra. The pipeline was originally due to go into operation this year, with the first stage expected to cost US$1 billion but has been plagued by political wrangling.…