Exxon closed refinery in Rotterdam
Company Info November 27th, 2009
Exxon Mobil Corp., the largest U.S. oil company, will close temporarily the refinery in Rotterdam for treatment.
Treatment in the unit, including desulfurization plant is expected flexicoker and ended in early March, said Bart Vermeulen, a spokesman for Exxon. Unit was closed in late December and the company hopes to meet customer needs during treatment.
“Closing it would reduce the stock. This is a good time to do maintenance,” said Harry Tchilinguirian, oil analyst from BNP Paribas.
Distillate including diesel and gasoil, which is used in heating. Gasoil reserves in the area of Amsterdam-Rotterdam Antwerpin, oil trading center of Europe, recorded 2.61 million tons in the week ended December 30, compared with 2.14 million tons a year earlier, according to consultant PJK International BV.
Refinery in Rotterdam has a production capacity of about 191,000 barrels of oil per day, according to Exxon’s Web site. Flexicokers change heavy oil into lighter products such as diesel fuel. Desulfurization unit to clean oil from sulfur.
Airbus A380 Production
Company Info November 21st, 2009
European aircraft manufacturer Airbus plans to double the production of wide-body aircraft A380 superjumbo during the year 2010.
As for A400M military aircraft project, a company that shading under the European Aeronautic Defense and Space Company (EADS) that could be postponed if there is no support from the government. “We were not able to complete the development of this aircraft without a significant contribution in terms of finances,” said Airbus CEO Tom Enders in an interview with BBC World Business Report Monday (11 / 1) night in London.
Enders admitted, his side made a big mistake when it approved the contract military aircraft that large silam.Kami seven years would no longer make a decision if the future brings problems, “said Enders. Development of A400M military passenger aircraft which require high technology is not cost less and take longer than the previous Estimates as NATO agreement in 2003.
At that time some members of NATO agreed that the project was the prestigious German, French, Spanish, English, Turkey, Belgium and Luxembourg. Airbus noted that the total reservation A400M reaches 180 units or $ 29 worth of miliar.Namun, a buyer requested relief despite the payment of costs of production melonjak.EADS besama buyer countries had been discussing a way out and hoped to find a solution later this month.
As a result of these delays, the delivery of military aircraft has been delayed until three years from the original schedule. EADS reported, it requires at least $ 7, 2 billion to complete the project itu.Namun, the plan did not seem to be going according to expectations because one buyer, Turkey, last week said it would not disburse more funds for the project.
Meanwhile, for the A380 superjumbo project, Director of Operations Breguier Fabrice Airbus states that, for increasing the delivery doubled in 2010 was equal to about 20 units. “To achieve the level of production stability, then the company must produce two new aircraft per month until the end of this year,” he said as quoted Breguier French business daily, Les Echos, yesterday.
Japan will invest in 6 Teritory Of RI
Economy November 19th, 2009
The Government of Japan are interested in investing in the development of the six regions of Indonesia as the economic corridor and has conducted a study to map the infrastructure needs to work on the economic potential in the region.
Minister of Trade Mari Elka Pangestu expressed six economic corridor is located in East Sumatra and West Java Sea, North Java, Kalimantan, West Sulawesi, East Java and Bali and Nusa Tenggara, Papua.
“They’re interested in investing outside the now there is [such as automotive, electronics, textiles]. Investment course there is no commitment in terms of numbers. The government has not given the investment commitment,” said Mari at Istana Negara today.
Japanese government’s interest, it is clear Mari, preceded by studies that have been completed by the Economic Research Institute for ASEAN and East Asia based in Indonesia. Research which is Japanese aid is specifically made a study of economic potential of the corridor from which Indonesia is interested in the six areas will be worked out.
Japan, he said, had done the same thing is to develop Mumbai corridor which is initiated between the Government of India and Japan. Japan signed a U.S. $ 150 million in Mumbai, and the rest in private.
“So such a model [Mumbai Corridor] is expected to be developed in various regions [six economic corridors in Indonesia],” said Mari.
He added that the development of economic corridors would be in line with the development of special economic zone that will terkoordiasi between central and local governments as well as between relevant agencies.
FAO Estimate World Tea Prices Stable
Economy November 19th, 2009
World Food Organization (FAO) estimates that world tea prices in 2010 expected to be stable after reaching record highs in 2009 that based on composite price reached 3.18 dollars per kilogram.
FAO’s estimates of the information presented in the FAO issued some time ago, said Agriculture Attache Embassy Rome, Dr. Erizal Sodikin, the correspondent Between London, Wednesday.
According to FAO, world tea prices for this type of black tea to reach record highs in 2009. Based on the composite price reached 3.18 dollars per kilogram, far higher than the average price of tea in 2008 which only reached 2.38 U.S. dollars perkilo.
Dr. Erizal Sodikin, estimates that the increase is mainly caused by the drought in some major producing countries such as India tea, Sri Lanka and Kenya.
According to the Secretary of the Intergovernmental Group on Tea FAO, Kaison Chang, a few countries like India will not bernjanji plantation area expanded beyond what they already planted, it aims to maintain a balance between supply and demand of the tea world.
In the FAO statement also explained the need for high tea in the middle of a global recession now this is caused by drinking tea is a habit of spending per household is relatively small.
Erizal Sodikin said that it pulled from this report that unlike in developed countries, world tea prices are higher in developing countries will affect the market price of tea in reteil.
For example in September 2009 in India the average price of tea in the market price reteil reached 15 percent higher than the same month in 2008. In Pakistan in the same period in the market price of reteil increased about 12 percent.
Year 2010 is expected to jump in world tea prices will decline due to weather conditions return to normal for the production of this tea Chang.
Volkswagen sales rose 37% in China
Company Info November 6th, 2009
Volkswagen AG recorded sales in China rose 37% to 1.4 million vehicles last year prompted the government stimulus policies.
In a statement at the Wolfsburg-based company was named Volkswagen of Germany plans to produce seven new models in China this year.
Company to boost investments in China which is the largest car market in the world, along with economic growth that drives people’s purchasing power.
China Association of Automobile Manufacturers reported total sales of vehicles in China rose 42% in the first 11 months of last year.
Winfried Vahland, president of Volkswagen China, said the car market in China last year expanded beyond everyone’s expectations. “We were able to reach certain sales targets double to 2 million vehicles more quickly than planned,” he said.
Volkswagen’s sales target doubled by more than 2 million units in 2018.
Volkswagen, Ford Motor Co. and other automakers to accelerate the expansion and increase capacity in China to meet demand. German company plans to invest more than 4 billion euros (U.S. $ 5.7 billion) in China until 2011. While Ford spent U.S. $ 490 billion to build a third factory in the country
