Monday, Mar 12, 2012
The following is a Zawya Dow Jones selection of stories translated from Arabic newspapers published on March 12.
PAN ARAB:
AL HAYAT
US, TURKISH COS EYE INVESTING UP TO $1.5B IN YEMEN POWER PROJS
A group of U.S. and Turkish companies has expressed interest in investing between $1 billion and $1.5 billion to set up new power plants in Yemen and to help develop the country's electricity network.
BAHRAIN, SAUDI MULL UPGRADING, CHANGING PATH OF JOINT OIL PIPELINE
State-run firms Bahrain Petroleum Co., or Bapco, and Saudi Arabian Oil Co., Saudi Aramco, are considering a project to replace, upgrade, and change the path of a pipeline that links Saudi oilfields to Bahrain's only refinery.
Website: http://international.daralhayat.com
KUWAIT:
AL WATAN
KUWAIT KPC, RIO TINTO ALCAN RENEW CRACKED FUEL OIL SUPPLY DEAL
State-owned Kuwait Petroleum Corp., or KPC, has renewed an annual contract with Rio Tinto Alcan-Australia to supply cracked fuel oil to the aluminum mining and producing company.
Website: www.alwatan.com.kw
BAHRAIN:
AL WASAT
BAHRAIN BBK TO LEND $50M TO LOCAL HOUSING PROJ; RESCHEDULES DEBT
Bank of Bahrain and Kuwait, or BBK, has rescheduled a long-term debt, and will provide a financing between $35 million and $50 million to a local housing project.
Website: www.alwasatnews.com
QATAR:
ASHARQ
QATAR QAPCO AWARDS QAR604M ETHYLENE PROJ TO TAIWAN'S CTCI
Qatar Petrochemical Co., or Qapco, has signed a 604 million Qatari riyals ($165.9 million) contract with Taiwan's engineering and construction firm CTCI Corp. (9933.TW) to implement the first phase of a project to develop and expand its local ethylene plant.
Website: www.al-sharq.com
EGYPT:
AL AHRAM
EGYPT SIGNS $400M LOAN DEAL WITH ISLAMIC TRADE FINANCE BODY
The Egyptian government has signed a $400 million loan agreement with the International Islamic Trade Finance Corp. to fund the Egyptian General Petroleum Corp. and the General Authority of Supply Commodities, said the minister of planning and international cooperation, Fayza Abu Naga.
GERMANY TO FUND EGYPTIAN ENERGY PROJS WITH EUR112 MLN
The German government is prepared to lend Egypt EUR112 million to fund energy projects in the upper Egyptian town of Kom Ombo and the Gulf of Suez, said Egypt's minister of planning and international cooperation Fayza Abu Naga.
Website: www.ahram.org.eg
By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
12-03-12 0912GMT
