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Engineering, procurement, construction & management of crude oil refineries.

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Message: thou have not been forsaken...ROY
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Feb 27, 2008 07:00PM

I find it interesting you say things "will be reported in due course"

"i presume that new developments are close to disclosure, and will be reported by wwf in due course.....so,..take a pill.. watch the game.....relax and let it develop.. pushing for news or insight that simply doesnt exist is pointless"

That is exactly what it said in this news release. Is there something you know that you aren't telling us Roy?

Klesch to invest in an $8 bln project in Libya ..

London-based private equity firm Klesch said on Tuesday it is to invest in an $8 billion project in Libya to build a 300,000 barrels per day oil refinery and a 725,000 tonne per year aluminium smelter. Chairman Gary Klesch told Reuters he could not disclose where the complex would be built, but the Libyan government would make an announcement "in due course." The industrial complex is due to be completed by 2011. Last May, Klesch bought an aluminium smelter in Vlissingen in the Netherlands from Alcan. Klesch's Libyan investment also illustrates private equity's increasing interest in emerging markets. Emerging market countries offer private equity groups higher growth than mature markets and buyout firms can often find local lenders willing to provide financing on more favouable terms than Western banks, which have become more risk-averse after the credit crunch.


Feb 29, 2008 05:24PM

Feb 29, 2008 05:25PM
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