Ursula Hegi
VIENTIANE - The construction of Laos' first ever oil refinery in the Saysettha Comprehensive Development Zone of capital Vientiane is expected to be completed in mid-next year. The refinery is expected to have an annual production capacity of 800,000 tons of oil, the Lao News Agency (KPL) reported on Thursday. The refinery construction project began in 2014 as an investment of the Lao-China Dongyan Petrochemical Co Ltd (LCPC), a joint venture between China's Yunnan Dongyan Industrial, which holds 75 percent of its shares, the Lao State Fuel Company 20 percent and the Lao-China Joint Investment 5 percent. Once operational, the refinery will become among the nation's largest industrial enterprises and be able to supply about 60 percent of fuel in Laos. As of now, the project has been 40 percent completed, according to Deputy Director of the Lao State Fuel Company Phaiboun Phomphaphithuk, KPL reported. Sitting on over 218,677 square meters and worth 9 million, the oil refinery project involves the construction of three buildings, 16 oil tanks which have a total storage capacity of 80 million liters.
Via its subsidiary Veolia China, the company won 341-million-euro project to bolster production of electricity and steam from biomass for chemicals and construction clients.
Vice President Mike Pence is expected to discuss the issue with GOP senators during their weekly private lunch. A Justice Department official is also expected to attend.
Using an expanded monetary policy toolkit, including reverse repos and a medium-term lending facility, the central bank intends to "keep liquidity at a reasonable and ample level."
Video tour: Here’s what it’s like to sit in the New Shepard spaceship
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Vice-Premier Liu He, also a member of the Political Bureau of the Communist Party of China Central Committee and chief in the Chinese delegation within the China-US Comprehensive Economic Dialogue, met with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin during the talks.
Venezuela's President Nicolas Maduro, center, stands on the balcony of Miraflores presidential palace accompanied by his wife Cilia Flores, third from left, President of the Constitutional assembly Diosdado Cabello, left, Vice-president Delcy Rodriguez, third right, minister Tarek El Aissami, right, and other government officials, in Caracas, Venezuela, Wednesday, Jan 23, 2019. [Photo/IC]
Venezuelan opposition leader Juan Guaido speaks during a meeting regarding the condition of the water and electricity systems in Caracas, Venezuela, March 28, 2019. [Photo/Agencies]
Update 11:15 a.m.?Inslee issued a statement touting “Amazon’s incredible continuing growth” and CEO Jeff Bezos’ positive impact on Washington’s economy. “As the company continues to grow – including potential expansion of another 2 million square feet of office space in Seattle – we will have further discussions with them about possibilities in Washington state,” Inslee said.