Japan's Mitsui to Invest in Huge Saudi Arabian Petrochemical Project
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Text of report in English by Japanese news agency Kyodo  Tokyo, Feb. 8 Kyodo - Mitsui and Co.
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Growing demand for resources in Asia is being served by a group of big Western companies.
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Japan's Mitsui & Co. Ltd. (8031.T) and  Mitsubishi Corp. (8058.T) are seeking cash from Russia's state  gas monopoly Gazprom  in exchange for part of their  stakes in the $22 billion Sakhalin-2 project, sources close to  the talks said on Monday.
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Boeing Co.  may invest in Mitsubishi Heavy Industries Ltd's  project to build Japan's first passenger jetliner, the Asahi newspaper reported on Wednesday.
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Shares of Sumitomo Mitsui Financial and Daiwa Securities jump amid speculation that two of Japan's biggest lenders are mulling a merger.
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Japanese car giant Honda is set to announce a major expansion of its Swindon plant, a report says.
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In a massive city of steel at the edge of the Red Sea, Saudi Arabia is trying to move beyond oil to become an industrial power.
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Saudi Arabia, the world&#39;s largest oil exporter, is to raise production from 9.5 million barrels a day to 11 million barrels in an attempt to rein in prices that have topped US$50 a barrel.
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The deal will create a global offshore oil giant Energy firms Statoil and Norsk Hydro have unveiled plans to merge their offshore oil and gas operations, creating a global industry giant.Comment
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Tokyo, May 30 (Jiji Press)--Mitsui Chemicals Inc.  said Wednesday it will spend some 6 billion yen to boost its production capacity of cycloolefin copolymer, a material for pickup lens used in DVD players and recorders.
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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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China Petroleum &amp; Chemical Corp., Asia&#39;s largest oil refiner, offered HK$3.8 billion ($492 million) to buy shares of Sinopec Beijing Yanhua Petrochemical Co.
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Fuji Photo Film said it will spend 262 million dollars to build three plants in Japan to nearly double its output capacity for a type of film that widens the viewing angle of LCD panels.
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According to fdi.gov.cn: On September 4, the Ministry of Commerce (MOFCOM) approved the FDI increment project of Shanghai Donghua Petrochemical Co., Ltd., a wholesaler of oil and oil products.  (c) 2006 Info-Prod Research (Middle East). Provided by ProQuest Information and Learning.
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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.
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JEDDAH, 29 September 2004 - With oil prices soaring to record highs, Saudi Arabia announced yesterday it would increase its production capacity to 11 million barrels per day (bpd) within weeks in a bid to curb the prices.
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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.