Malaysian Oil Company Expands in Thailand
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Malaysia&#39;s national oil company said it will expand its investments in Thailand by buying the Thai operations of Kuwaiti Petroleum International, which operates over 117 gasoline stations across the country.
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Saudi Arabia will increase oil production capacity to 11 million barrels per day (bpd) in a bid to curb soaring prices, Oil Minister Ali al-Nuaimi has said.
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Shares rise in Cairn Energy following its latest discovery of another gas reserve in north west India.
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Company ramps up to increase production as demand for new handheld exceeds expectations.
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Infineon, a No.2 chip producing company in Europe, has decided to expand its automotive and industrial chip division by investing $1billion in a new plant in Malaysia.
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Malaysia's ambitious plan to build a $7 billion trans-national oil pipeline to ship Middle East crude to big Asian importers moved a step closer to reality on Monday after several regional firms signed on as partners.
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British oil exploration firm Cairn Energy, which has announced a series of oil discoveries in India, said that oil in place in the Mangala field was estimated to reach one billion barrels, with recoverable reserves of 100-320 million barrels.
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Malaysia has urged Thailand to substantiate its claim that the suspected Islamic militants who caused the recent unrest in southern Thailand have been trained in Malaysia.
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KUALA LUMPUR: Malaysia has conveyed to Thai Prime Minister Thaksin Shinawatra its concern over the latest incident of violence in southern Thailand.
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THE already healthy order book of Airbus in Broughton has been given a further boost with an order for A380 superjumbos from Thailand.
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By Bangkok Post, Thailand  Feb. 15--Goodyear Thailand will spend 30 million baht to promote its new  line of pickup-truck tyres in Thailand.
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The production capacity of Alcoa Inc.&#39;s proposed aluminum plant in Trinidad is being expanded by 29 percent, the prime minister said.
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Saudi Arabia, the world&#39;s largest oil exporter, may expand production capacity by 30 percent within two years to prevent shortages, the country&#39;s oil minister said.
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Light sweet crude for delivery in January traded at US$49.41 a barrel late Monday afternoon in Asian trade, up US$0.52 from the contract&#39;s closing price Friday on the New York Mercantile Exchange.
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Tanks take up position around Thai government headquarters in Bangkok, reports say.
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Infineon Technologies, the second-largest chip maker in Europe, said Wednesday that it planned to invest about $1 billion in a new factory in Malaysia to expand its automotive chip business and be closer to customers in the region.
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According to "Tehran Times", a senior Oil Ministry official said that the country's total petrochemical production would increase to 21 from 13 million tons once the current projects come on stream.