Page 34 - Daewoo Engineering News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Published April 22, 2021, 3:42 PM ILOILO CITY – The National Irrigation Administration (NIA) has reported that the P11.2-billion mega dam in Calinog, Iloilo is 38 percent complete. Construction for the foundation of the Jalaur High Dam, one of the three major dams of the Jalaur River Multipurpose Project-Stage II (JRMP-II) in Calinog town, Iloilo province. (NIA-6/MANILA BULLETIN) The NIA said the Jalaur River Multipurpose Project-Stage II (JRMP-II) has surpassed its quarterly target for the first quarter of 2021 by 6.11 percent. “At this rate, NIA is optimistic that the project will be c...

Daewoo E&C shares rise on reports of merger talks Posted : 2021-04-20 16:55 SkyLake Investment expected to bid for Daewoo E&C's acquisition By Anna J. Park Daewoo Engineering & Construction shares closed up over 5 percent Tuesday on news that the builder is again up for sale. Daewoo E&C finished at 7,210 won ($6.48), up 5.1 percent from the previous session. Foreign as well as institutional investors were behind the buying spree, as retail investors were net sellers. The stock price touched a 52-week high of 7,250 won briefly at around noon. But the stock edged down to finish at 7,210 won. ...

REFINERY NEWS ROUNDUP: Gasoline demand rising in Middle East Fujairah’s 95 RON gasoline market could rise to pre-pandemic levels in the coming months on increased demand and limited supply, according to regional traders. Gasoline availability has been tight as supply has not been matching demand. “There are minor refinery shutdowns and demand is picking up as summer comes,” a trader said. “People drive more as there are no lockdowns in the region.” According to S&P Global Platts data, Oman’s Sohar refinery was undergoing unscheduled maintenance after unexpected outages affected it...

New and revised entries ** Saudi Satorp refinery is gradually coming back after partial works, according to trading sources. The scheduled partial works have been ongoing since the second half of February. ** Syria's Banias refinery has resumed operations after receiving fresh supply of crude oil, the country's SANA news agency reported April 10 citing the refinery's director general. The refinery has returned to work following a one-month shutdown because of the lack of crude oil. Separately, a fire occurred on April 6 at the crude distillation unit 21 at Syria's Homs refinery though it was ...

Caligo Mayor Francisco Calvo (Calinog Facebook Page / MANILA BULLETIN) Mayor Francisco Calvo of Calinog issued an order temporarily halting work by Daewoo Engineering & Construction Co. Ltd. on the Jalaur River Multipurpose Project-Stage II (JRMP-II) undertaken by the National Irrigation Administration (NIA). Calinog Municipal Administrator Rachel Manero said in a phone interview that the municipal government halted work for 14 days e after health officials learned that the 27 infected workers have at least 400 close contacts. “If these contacts can be traced and tested sooner, then it migh...