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The 240 Kilometers Long Pipeline Will Deliver 25 Million Cubic Meter

Dec 13, 2012

According to Oman Gas Company which will supervise and manage the pipeline project, a contract for the construction of a major gas pipeline from the Saih Nihayda gas field in central Oman to the Duqm industrial area will be awarded by the ...

Tags: gas pipeline, Oman Gas Company, pipeline project

The State News Agency AVN Said That BBVA Will Lend Venezuela EUR 162mn for a Steel Plant

Dec 13, 2012

Venezuelan lawmakers approved the conditions of USD 417 million of loans from Banco Bilbao Vizcaya Argentaria SA and Japan Bank for International Cooperation to finance transportation projects and a steel plant. The state news agency AVN ...

Tags: loans, steel plant, Caracas-Cua train line

Polymetal Would Decide Next Year Whether to Double Production Capacity

Dec 13, 2012

Reuters reported that Russian precious metals miner Polymetal would decide next year whether to double production capacity at its Albazino gold project in Russia's far east after doubling its estimate of mineral resources there. Mr Vitaly ...

Tags: mineral resources, ore, Albazino gold project

Turkish Stainless Flat Steel Imports Rosed

Dec 13, 2012

According to the data provided by the Turkish Statistical Institute, in October this year Turkey's stainless flat steel imports rose by 9.1% compared to the previous month and were up slightly by 0.6% compared to October 2011, amounting to ...

Tags: buy steel pipe, steel plate, steel strip, steel tubing

WFE Spending Is Estimated at US$31.4 Billion in 2012

Dec 13, 2012

Taipei,Oct.17,2012(CENS)--Worldwide wafer fab equipment(WFE)spending is estimated at US$31.4 billion in 2012,for a decline of 13.3%from 2011's US$36.2 billion,according to market consulting firm Gartner,Inc. The global WFE spending is ...

Tags: WFE, drop, market

Turkey Will Continue Purchasing Iranian Gas Regardless of UN Sanctions

Dec 13, 2012

Vestnikkavkaza cited Mr Recep Tayyip Erdogan PM of Turkey as saying that Turkey will continue purchasing Iranian gas regardless of UN sanctions. Mr Erdogan said that Iran was the second largest gas exporter to Turkey with Russia being the ...

Tags: Iranian gas, UN sanctions, gas exporter, gas

Turkish Metal Producer Price Rose by 1.66% Over October

Dec 13, 2012

According to the statistics released by the Turkish Statistical Institute, in November this year the producer price index for Turkish industry in general rose by 1.66% over October and was up 3.6% YoY while an average rise of 6.98% was ...

Tags: scrap metal price, iron ore price news, buy steel pipe, metal suppliers

Board of Directors Took Notice of Information Regarding Expenditures of Gazprom

Dec 13, 2012

The Board of Directors took notice of the information regarding the expenditures of Gazprom and its subsidiaries. It was noted that in the previous two years Gazprom had been one of the world's leading companies by net profit and that it ...

Tags: Gazprom, gas production, international oil

Dubai's Ship Building Unit Drydocks World Has Won a Multi Million Contract

Dec 13, 2012

Trade Arabia reported that Dubai's ship building unit Drydocks World has won a multi million contract from leading oil exploration and production company Premier Oil to build a subsea facility for Solan oil field located on the UK ...

Tags: Drydocks, oil exploration and production, oil and gas discovery

The Turnover in France's Manufacturing Industry Decreased 2.7% Month on Month

Dec 13, 2012

According to France's National Institute of Statistics and Economic Studies, in September this year, the turnover in France's manufacturing industry decreased 2.7% month on month, following month on month rises in the previous two months. ...

Tags: French manufacturing, manufacturing industry, french economy

ILVA Has Announced That 1031 Employees Have Been Made Redundant Until December 3

Dec 13, 2012

ILVA has announced that 1031 employees have been made redundant until December 3 as a result of the damage caused by the recent tornado. The sectors affected are steelworks 1 and 2, landing stages, ironworks management and a number of minor ...

Tags: employees redundant, ILVA, tornado influence

Steel Imports Declined in October by 2.5% Compared to September

Dec 13, 2012

According to preliminary government data, steel imports declined in October by 2.5% compared to September. Mr David Phelps president of AIIS said that "Steel imports declined again in October as demand softened across most product lines. ...

Tags: structural steel, steel scrap price, iron ore price news

RIA Novosti : Shares in Russian British Oil Major TNK-BP Jumped 6%

Dec 13, 2012

RIA Novosti reported that shares in Russian British oil major TNK-BP jumped 6% after Mr Igor Sechin CEO of Rosneft said his company plans to keep the brand following its acquisition by Rosneft. Mr Sechin said earlier that his company ...

Tags: British oil, steel scrap price, buy steel pipe, iron ore price news

Ukraine Issues Production in The First 11 Months of The Current Year

Dec 13, 2012

According to the data issued by Ukraine's Cabinet of Ministers, in the first 11 months of the current year, Ukraine registered an 11.5% decrease in its finished steel product output to 24,746 million tonnes 6.6% decrease in its crude steel ...

Tags: steel product, crude steel, metallurgical coke

WEMPCO Began The Trial-Run of Its New Multi-Billion Naira Integrated Steel Mill

Dec 13, 2012

Western Metal Products Company Limited on Friday began the trial-run of its new multi-billion naira integrated steel mill. This came amid promises of support from the Federal Government that it would be more careful in future in the choice ...

Tags: steel mill, Western Metal Products Company Limited