Caspian pipeline member nations to sign building deal on Nov. 24

Article Abstract:

The governments of Russia, Kazakstan and Oman that comprise the Caspian Consortium will sign a deal to build a stretch of the oil artery around the breakaway Russian republic of Chechnya on Nov. 24, 1998, in Moscow, Russia. The consortium is tasked to build a $2.2-billion, 1,580-kilometer pipeline from the Tengiz oilfield in Kazakstan to the Russian Black Sea port of Novorossiisk. The pipeline, which will have a capacity of 67 million metric tons annually, is due to start operating on Jul. 1, 2001. However, the work which is supposed to begin in 1999 will not be followed because of delays in the issuance of construction permits and disputes over financing.

Comment:

Russia: Govts of Russia, Kazakstan & Oman that comprise the Caspian Consortium will sign a building deal 11/24/98, in Moscow

Russia, Oil Product Pipelines, Pipeline Transportation of Refined Petroleum Products, Petroleum products pipelines

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Philips draws fire for new CD recorder

Article Abstract:

Philips Electronics NV of the Netherlands is being criticized for producing compact disk recording devices called CD-R that can lead to piracy of recording content by home users. The company has tried to defend itself from the arguments of the global recording industry by citing the existence of security systems and the use of discussion forums to prevent piracy from being done. The International Federation of the Phonographic Industry charged the firm with ignoring a 1989 agreement that requires record industry executives and equipment manufacturers to present any new technologies for scrutiny to prevent extensive piracy.

Comment:

Is being criticized for producing CD-R compact disk recording devices that can lead to piracy of recording content by home users

Audio and Video Equipment Manufacturing, Product introduction, Consumer Audio Equipment, Consumer electronics, Audio equipment, Philips Electronics NV

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Lyondell to stall building of plant in Netherlands

Article Abstract:

Lyondell Chemical Co. will postpone the construction of a propylene-oxide plant in Rotterdam, Netherlands, after its recent purchase of Arco Chemical Co. The company has delayed the scheduled start-up of the plant from late 2000 to late 2002 or early 2003. According to the company, the decision was made partly because of its capital plan, a drop in industrywide demand for styrene monomer and other products and the Asian economic crisis. Meanwhile, the company is considering moving the location of the proposed Rotterdam facility.

Comment:

Will postpone the construction of a propylene-oxide plant in Rotterdam, Netherlands

Cyclic Crude and Intermediate Manufacturing, Propylene, Lyondell Chemical Co.

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