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ADB: Projected cost of Uzbek Oltin Yo’l GTL plant increases by 37% to $5.6B

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The kerosene and diesel will be off-taken by Uzbekneftegaz under a long term off-take agreement at international linked prices; fuel products will be sold mainly to the domestic market, while naphtha will be exported to downstream refiners. The technology used is similar to that of the pioneering ORYX GTL plant in Qatar.

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Boeing Launches 777X fuel-efficient long-haul twin-engine jet program

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The 777X builds on the 777, which today commands 55% of market share in its category in terms of backlog, and 71% of the in-service fleet worldwide. The 777X family includes the 777-8X and the 777-9X, both designed to respond to market needs and customer preferences. Renderings of the two members of the 777X family. Click to enlarge.

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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. Market” forces include many components.

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Oil Prices Running Out Of Reasons To Rally

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At the start of 2017, there are two major dynamics at play occurring at the same time, each pushing in opposite directions on the market. The OPEC deal is slated to take oil off the market, while US drilling is expected to add new supply. The pace and magnitude of each trend will ultimately drive oil prices one way or the other.

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Haldor Topsoe and Sasol unite to offer customers single-point licenses for proven gas-to-liquids solutions

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TechnipFMC was the engineering, procurement and construction (EPC) contractor for the Oryx GTL facility in Qatar and has performed a number of front-end engineering designs for GTL facilities, including the Uzbekistan GTL.

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