Turkish oil company invests in oil fields
The Turkish Pet Oil company has invested USD 178 million in the exploration of the Kalamaddin-Mishovdag onshore fields in Azerbaijan, said the president of the company, Guntekin Koksal, in the opening ceremony of the Pet Oil's office, a subsidiary of Pet Holding, in Baku.
Nigeria, Japan Sign Power Cooperation Pact
The Nigeria National Electric Power Authority (NEPA) Saturday signed a pact of 62 million U.S. dollars with Japan's power equipment company Marubent. Liyel Imoke, chairman of NEPA's technical board, was quoted as saying that the Japanese company will install six new power generating turbines.
Oil find in northern Aegean
A private Greek firm has discovered new oil deposits in the northern Aegean seabed off the island of Thassos, according to local media reports.
FCx in US supply partnerships
FCx Performance Inc. companies have sealed two major new sole supply agreements in the US flow-control marketplace.
New material for sanitary valves
Jordan Valve has introduced the Gylon ® diaphragm material on all MK95/MK96 pressure regulators for sanitary service.