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    <title>Technip wins Asab contract</title>
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    <pubDate>Thu, 19 Nov 2009 10:55:53 +0400</pubDate>
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        Abu Dhabi Gas Industries has awarded Technip France a Dhs1.5bn ($415m) contract for the engineering, procurement, construction and commissioning works for the Asab 3 (A3) project. The Asab 3 project will be developed to process an additional 150 million standard cubic feet per day of associated gas from the existing Asab, Shah and Sahil oil fields. The project facilities are scheduled for completion by Q3 2012 and removal of the redundant facilities by Q2 2013.
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    <title>Adnoc 2010 naphta supply deals agreed</title>
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    <pubDate>Wed, 18 Nov 2009 10:31:27 +0400</pubDate>
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        Abu Dhabi National Oil Co (Adnoc) has sealed deals with at least four Asian buyers for 2010 supplies of three naphtha grades at $14.50-$16.50 a ton above its own price formula, Reuters has reported. The price, on a free-on-board basis, was agreed at the initial levels offered by Adnoc, despite some resistance, traders told the news service.
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    <title>Kuwait: Opec will not change targets</title>
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    <pubDate>Wed, 18 Nov 2009 10:25:44 +0400</pubDate>
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        Sheikh Ahmed Al-Sabah, Kuwait's oil minister has said the Opec will not change its crude production target at a December meeting, but will ask members for better adherence to quotas, Bloomberg has reported. The group's average compliance with its goal of cutting output should be more than 65%, he said.
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    <title>Dhofar Power plans $500m expansion</title>
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    <pubDate>Tue, 17 Nov 2009 10:56:57 +0400</pubDate>
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        Oman's Dhofar Power Co. has unveiled plans for a OR200m ($519.6m) expansion starting in 2010, Reuters has reported. The company will look for the funding from its majority shareholder, state-run Electricity Holding Co. 'The expansion is about our transmission and distribution operations starting from next year to 2014,' G. Loganathan, CEO of Dhofar Power told the news service.
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    <title>Hyundai Heavy claims IPIC ruling win</title>
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    <pubDate>Tue, 17 Nov 2009 10:51:26 +0400</pubDate>
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        According to a ruling by the International Chamber of Commerce in Singapore, Abu Dhabi's International Petroleum Investment Co (IPIC) must sell its 70% stake in Hyundai Oilbank at $12.97 a share to Hyundai Heavy Industries Co, Bloomberg has reported. The November 12 ruling has said that IPIC had breached a shareholder agreement with Hyundai Heavy. IPIC is reviewing a decision of the arbitrators with lawyers and, on the basis of that review, will decide what further action is required, the firm said in a statement.
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