Word: oman
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...with Iran has hit even us diehard Reaganites. Perhaps his intentions were in America's best interest, but the result is that he has surrendered more than he has gained. The President has given away the prestige and respect of the greatest nation in the world. Derek Montero Muscat, Oman...
...Saudi-founded Gulf Cooperation Council (GCC), conceived as an economic body, as a vehicle for marshalling Sunni Arab support on regional security issues, particularly U.S. efforts to blunt Iranian ambitions. Rice has prevailed upon the original GCC members (Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, Kuwait, Oman) to add Jordan and Egypt to their security loop. According to a Rice aide, a working group of diplomats, including a U.S. representative, will be spun off after the new year, to hold frequent meetings and consultations...
...have a list of six or seven expansion opportunities. The one in Oman will be finished in early 2008. Oman was chosen because of its abundance of natural gas. We're considering expanding our Iceland plant based on geothermal electricity--very clean, renewable electricity at reasonable cost. That fits into Alcan's philosophy of developing energy resources to support our smelting and is similar to what we've done in Canada, where we own our electric requirements and generate it through hydropower...
...pipe-line monopoly based on an existing pipeline operator, Transneft. In February, Russian Industry and Energy Minister Viktor Khristenko submitted a report to Putin suggesting that Transneft acquire Russia's stake in the Caspian Pipeline Consortium (CPC), a company partly owned by the governments of Kazakhstan and Oman, which operates a 1,500-km oil pipeline from western Kazakhstan to a marine terminal in the Russian Black Sea port of Novorossiysk. Putin endorsed the idea. The transfer of ownership is likely to enrage the CPC's other owners, who view Transneft as a competitor. People familiar with the consortium...
...reason to ship jobs offshore. In the U.S. chemical industry, where 100,000 jobs have vanished since 2000, companies are building plants overseas, where natural gas goes for a small fraction of the price it commands in the U.S. Dow Chemical is constructing a $4 billion petrochemical plant in Oman, and CEO Andrew Liveris says the plant would have been built in Freeport, Texas, if not for the price difference. At PPG Industries in Pittsburgh, Pa., CEO Charles Bunch says he may have to close two North Carolina fiber-glass plants. "We've lost a lot of jobs to China...