An Executive Briefing on energy for June 18, 2001, prepared by Asia Pulse, real-time, Asia-son of exclusive news, Commercial and business intelligence.

RAM reaffirms the assessment of Malaysia’s debts SEGARI energy AA1

KUALA LUMPUR - Rating Agency Malaysia (RAM) has reaffirmed the long-term rating of AA1 for Segari Energy Ventures Sdn Bhd (SEV) debt to the tune of billions of entities RM2.73 (U.S. $ 718.42 million ).

“The rating reflects the solid foundations of business and cash flow generation capacity SEV-nuclear 1303MW in Lumut, Perak,” RAM said in a statement.

LG Industrial Systems complete construction of the factory in China

SEOUL - LG Industrial Systems Co. said Monday it is ready for construction of 6600 square meters of electrical equipment factory in Dalian, China to invest, after U.S. $ 6 million.

The Dalian plant is operated LG Electric Equipment Co., a joint venture between LG and Dalian Wanda Group Co. in March.

YANKUANG Chinese characters of U.S. $ 1.2 billion in contracts concluded with foreign companies

YANTAI - The Yankuang Group, the world’s largest coal producers in China recently signed a contract for a coal, electricity and aluminum integrated project Luck More High-Tech Development Co. of Canada, with a total investment of U.S. $ 370 million.

The contract is signed the treaty the largest in the Second APEC Investment Mart, closed on June 15 in Yantai, a coastal city of Shan Dong.

Korean, Moroccan atomic energy research institutes collaborate

SEOUL - The Korea Atomic Energy Research Institute (KAERI) and “CHESTEN”, a Moroccan Institute for Research peaceful atomic energy, announced foresees the signing of an agreement on technological cooperation.

The two institutes plans to promote the exchange of information, technology and experts, among others, academics use of nuclear reactors, development of small and medium-sized reactors and the production of isotopes.

Indonesian Government hikes gasoline prices averaged 30 pct

Jakarta - The Indonesian government has decided to increase gasoline prices by an average of 30 percent from June 16 to 00:00 local time.

At a press conference on Friday evening, the new coordinator appointed Minister of Economy Burhanuddin Abdullah said the price of gasoline has increased the premium was rp1, 150 (10.3 U.S. cents) rp1, 450 litres kerosene by Rp350 to Rp400 the automotive and diesel oil from Rp550 to Rp900.

OMAN’s al BAWARDI sells 50 pct participation in the oil services subsidiary

Abu Dhabi - As part of a plan of public opinion, within five years, the group Al-Bawardi Enterprises has sold 50 per cent of Emdad - its oil and gas services subsidiary of the company — WATER prominent businessmen, Gulf News reported.

A senior official told the newsaper company planned to sell stakes in other group companies, but in the time interval Emdad expansion in the GCC and North Africa for the oil industry.

Timor Gap agreement must be fair, reliable: oil executive

Darwin - Phillips Petroleum Executive Vice President Bill Parker said today the Timor Gap new contract must be fair and reliable, if the Timor Sea energy resources are their full potential.

Mr. Bauer said the new contract negotiated between Australia and East Timor has been the critical challenge for the future of gas development in the Middle Timor Sea.

Korean Society for the race, Oman and the power of water DEAL

Abu Dhabi - South Korea’s Hanjung Co. was privileged to bidders and the strength of desalinisation package of U.S.-$ 1 billion and Fujairah desalination project pipeline, Gulf News reported.