Top End gets $1.85bn refinery
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A MASSIVE expansion of the Alcan alumina refinery in Arnhem Land was welcomed by Top End Aboriginal landowners yesterday after the Canadian aluminium giant approved a $1.
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MANAMA: A $1.3 billion (BD491 million) combined power, water and petrochemical plant is to be built in Bahrain. The project will create about 3,500 jobs during its construction and 500 in the long-term.
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James Hardie Industries NV, Australia&#39;s fourth-biggest building materials maker, agreed to cover an estimated A$1.5 billion ($1.1 billion) shortfall in compensation for sufferers of asbestos diseases.
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ConocoPhillips said it probably will add the equivalent of 800 million barrels of oil to its proved reserves after its $1.99 billion investment in OAO Lukoil, Russia&#39;s biggest oil company, and a planned increase in the stake.
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ConocoPhillips will install $525 million in pollution controls at nine refineries and pay a $4.5 million fine to settle a federal lawsuit alleging Clean Air Act violations, the Bush administration announced Thursday.
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Anglo-Dutch oil giant Royal Dutch/Shell and China Petroleum and Chemical Corp (Sinopec Group) have launched a 187 million dollar service station joint venture, the companies said.
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Samsung Engineering secures a $1.1bn order from Thailand's PTT Public Company to build two gas plants.
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BHP Billiton Ltd./Plc. , the worldâs largest diversified miner, said on Tuesday it would buy back up to A$1.5 billion ($1.1 billion) of its shares.
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MACQUARIE Communications Infrastructure Group, owner of most of Australia&#39;s TV and telco transmission towers, has begun its offshore expansion with a Â£1.27 billion ($3.1 billion) deal to buy Britain&#39;s second-biggest transmission group.
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Utility E.On AG said Friday it raised its offer for Spain's Endesa SA to $53.4 billion as it delivered its final bid in a more than year-long takeover saga.Comment
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China to pour one trillion yuan into development of oil alternative    BEIJING, Dec. 14 (Xinhua)-- China will invest over one trillion yuan (about 127 billion U.S.
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Royal Dutch Shell's Texas expansion will create the U.S.'s biggest oil refinery.
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LONDON/NEW YORK  - Royal Dutch Shell will go ahead with a 325,000 barrel-per-day capacity expansion of its Motiva refinery in Port Arthur, Texas, that will make the plant one of the biggest in the world.
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Oil giant BP today said record fuel prices and better refining margins had helped it to bank nearly Â£1 million a day in profits. BP posted profits of 3.94 billion US
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PetroChina (0857.HK), Asia&#39;s top oil  and gas company, has won environmental clearance for its oil  and petrochemical projects to be funded by a planned domestic  stock offering, the country&#39;s environment watchdog said.
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Developers behind a Â£1bn Swansea  revamp promise to make it a major attraction with top retailers.
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Shell Oil Co on Friday announced the final investment decision to begin construction on a 325,000 barrel-per-day capacity expansion project at a refinery in Port Arthur, Texas.