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Oil & Gas Refining and Marketing

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Romania's OMV Petrom resumes operations at its Brazi power plant

Wednesday, 5 Jul 2017 04:12am EDT

July 5 (Reuters) - Romania's oil and gas group OMV Petrom :* OMV Petrom says resumes operations at its Brazi power plant on July 5, 2017 after the plant successfully passed the corresponding tests..* Due to the steam turbine transformer failure in April 2017, coupled with the previously announced failure of one gas turbine transformer, the Brazi power plant became fully unavailable..* Says that after replacement of the steam turbine transformer, the plant has resumed operations and is now available at half capacity (420 MW).* As notified to REMIT, it is expected that the plant will become fully operational in Oct. 2017 after the replacement of the gas turbine transformer..

Moresco to merge with wholly owned subsidiary

Friday, 12 May 2017 04:02am EDT

May 12(Reuters) - Moresco Corp <5018.T>:Says it plans to merge with wholly owned subsidiary Moresco Service Co Ltd.Merger effective date on Sept. 1.Says Moresco Service will be dissolved after the transaction.

Showa Shell Sekiyu establishes split preparatory company

Friday, 12 May 2017 03:33am EDT

May 12 (Reuters) - Showa Shell Sekiyu KK <5002.T>:* Says it establishes Tokyo-based split preparatory company on May 12, to take over lubricating oil related business in 2017.* Says further details remains to be determined.

ExxonMobil to acquire Jurong Aromatics' plant in Singapore

Wednesday, 10 May 2017 11:00pm EDT

May 11 (Reuters) - Exxonmobil :ExxonMobil to acquire one of world's largest aromatics plants.Its Singapore affiliate has reached an agreement with Jurong Aromatics Corporation PTE Ltd to acquire its plant located on Jurong Island in Singapore..Expects to complete transaction in second half of 2017.Deal will increase ExxonMobil's Singapore aromatics production to over 3.5 million tonnes per year, of which 1.8 million tonnes is paraxylene..

Z Energy Ltd posts FY net profit attributable of NZ$243 mln

Wednesday, 10 May 2017 04:36pm EDT

May 11 (Reuters) - Z Energy Ltd ::FY revenue from ordinary activities NZ$3.87 billion, up 54 percent.Final dividend 19.9 NZ cents per share.FY net profit attributable NZ$243 million, up 280 percent.Forecasts capital expenditure up to NZ$90 million for the 2018 financial year.Forecasting RC operating EBITDAF of between NZ$445 - NZ$475 million for the 2018 financial year."Biodiesel plant at Wiri, Auckland, is running 12 months behind the original schedule".

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