Daily News: Reuters Science News Headlines - Ecuador says China's CNPC joins $12 billion refinery project

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Saturday, Jul 06, 2013 11:34 AM PDT
Today's Reuters Science News Headlines - Yahoo! News: Ecuador says China's CNPC joins $12 billion refinery project Solar plane heads for New York in final leg of U.S. journey Siemens, Swiss rail company Stadler mull joint venture: magazine Iran central bank eliminates cheaper dollar rate: reports Japan PM's ruling bloc headed for big election win: surveys Explosions shut down Colombia's No. 2 oil pipeline Grupo Rede Energia creditors OK Energisa bid, court to decide

Ecuador says China's CNPC joins $12 billion refinery project  Saturday, Jul 06, 2013 11:34 AM PDT By Alexandra Valencia QUITO (Reuters) - China National Petroleum Corp (CNPC) has agreed to help finance the construction of a $12 billion refinery project in Ecuador, the South American country's government said on Saturday. Ecuador has been in talks with China's biggest oil producer for a year about funding the 300,000 barrel per day Pacifico project, which aims to start output in 2017 and is a joint venture between Ecuador and Venezuelan state oil company PDVSA. "We've worked to have a third partner ... ... Full Story	Top
Solar plane heads for New York in final leg of U.S. journey  Saturday, Jul 06, 2013 08:45 AM PDT NEW YORK (Reuters) - An airplane entirely powered by the sun embarked on the final leg of a journey across the United States on Saturday, taking off from Washington, D.C., for a roughly 21-hour flight to New York City. The Solar Impulse, its four propellers driven by energy collected from 12,000 solar cells in its wings that simultaneously recharge batteries for night use, departed Dulles International Airport outside Washington at 4:46 a.m. EDT, organizers said. ... Full Story	Top
Siemens, Swiss rail company Stadler mull joint venture: magazine  Saturday, Jul 06, 2013 05:58 AM PDT BERLIN (Reuters) - German engineering group Siemens and Swiss rail company Stadler are considering a joint venture to bundle all business projects in short and long-distance traffic, Wirtschaftswoche reported, without citing the source of the information. The chief executives of both companies have already had several discussions, the magazine reported on Saturday, adding that neither Siemens nor Stadler were willing to comment on possible cooperation. ... Full Story	Top
Iran central bank eliminates cheaper dollar rate: reports  Saturday, Jul 06, 2013 03:55 AM PDT By Yeganeh Torbati DUBAI (Reuters) - Iran's central bank has eliminated a subsidized, cheaper rate for foreign currency and reported a weaker official rate in its place, according to Iranian media and the central bank's website on Saturday. The Iranian rial has lost much of its value in the last two years, under pressure from international sanctions over Tehran's disputed nuclear program that have limited the country's oil sales, cut its access to the global banking system, and made it more difficult for it to earn foreign exchange. ... Full Story	Top
Japan PM's ruling bloc headed for big election win: surveys  Friday, Jul 05, 2013 09:17 PM PDT By Linda Sieg TOKYO (Reuters) - Prime Minister Shinzo Abe's ruling bloc is headed for a big victory in this month's upper house election, media surveys show, a win that would end a parliamentary deadlock and set the stage for Japan's first stable government since 2006. The anticipated victory would give the Japanese leader a mandate for his "Abenomics" recipe that aims to end prolonged stagnation with a mix of hyper-easy monetary policy, fiscal spending and structural reforms including deregulation. ... Full Story	Top
Explosions shut down Colombia's No. 2 oil pipeline  Friday, Jul 05, 2013 07:50 PM PDT BOGOTA (Reuters) - Two explosions have shut down Colombia's 80,000 barrel-per-day Cano Limon-Covenas oil pipeline, state-controlled oil company Ecopetrol said on Friday, with a military source describing them as attacks carried out by leftist rebels. The explosions on Colombia's No. 2 pipeline, used by U.S. oil producer Occidental and owned by Ecopetrol, had no immediate impact on crude production or exports in Latin America's No. 4 oil producer, according to a media official at Ecopetrol. ... Full Story	Top
Grupo Rede Energia creditors OK Energisa bid, court to decide  Friday, Jul 05, 2013 03:42 PM PDT By Anna Flávia Rochas SAO PAULO (Reuters) - Creditors of Brazil's Grupo Rede Energia SA , a power distributor seeking to exit bankruptcy protection, approved on Friday a takeover plan by rival Energisa SA that would reduce losses on their investments in the company. The plan, under which Energisa would take control of Rede and revamp it, must be submitted for final approval by the bankruptcy court, Thomas Felsberg, Rede's lawyer, said. Creditors voted on Energisa's bid and a bid by CPFL Energia SA and Equatorial Energia SA at an assembly. ... Full Story	Top

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