06 March 2006 00:00 [Source: ICB]
Severe damage to Kuwaiti oil refineries, oil wells and related infrastructure has raised concerns about the medium-term supply of refined product from the country. The damage may take years to repair due to their complicated and sophisticated technologies and logistical problems. This could slow return to the market.
Hoechst is negotiating Asian projects representing an investment of DM2.5bn by 2000. Malaysia has been identified as the target location for two projects likely to be running in the next two to three years. The long-talked of Indian technical fibre deal Reliance is expected soon.
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