Tokyo. Last December, Emirates Nuclear Energy Corporation (ENEC) (Dubai, United Arab Emirates) awarded a $20.4 billion contract to a consortium led by Korea Electric Power Corporation (NYSE:KEP) (KEPCO) (Seoul, South Korea) to develop a nuclear power plant in the UAE.
Middle East
United Arab Emirates Prepares for Construction of Country's First Nuclear Power Plant
Total says it stopped selling gasoline to Iran
Paris. France's Total SA says it has stopped selling gasoline to Iran, becoming the latest oil company to announce a halt of sales to a country increasingly targeted by international sanctions.
Total spokesman Paul Floren on Monday confirmed the company had suspended sales of gasoline to Iran but gave no further details.
Siemens and Aramco Overseas Company, B.V. enter exclusive licensing agreement for a new water reuse system under joint development
Singapore. Siemens Water Technologies Corp. and Aramco Overseas Company, B.V., a subsidiary of Saudi Aramco, have signed an exclusive patent and technology license agreement for the commercialization of the EcoRight membrane bioreactor (MBR), a new wastewater treatment and water reuse system.
Iraq seeks 20 billion dollars for four new oil refineries
Baghdad. Oil Minister Hussein al-Shahristani said on Saturday that Iraq is seeking around 20 billion dollars to build four new refineries as it seeks to become a net exporter of petroleum products.
"The investment in the new refineries will be around 20 billion dollars. Each one will cost around five billion dollars," he told reporters at a conference attended by global energy and construction giants interested in bidding for the contracts.
SATORP completes USD8.5 Billion project financing
Paris. SAUDI ARAMCO TOTAL Refining and Petrochemical Company (SATORP), a company that is 62.5% owned by Saudi Aramco and 37.5% owned by TOTAL signed on June 24, 2010, the finance documents for US$8.5 billion of senior project finance facilities that have been secured for the Jubail refinery.
The availability of the financing marks another important step in the progress of this 400,000 barrels per day world-class, full conversion refinery in Jubail, Saudi Arabia, which is scheduled to be operational in 2013.
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