Seoul Walk

SEOUL?http://www.new-energy-supply.com/?, July 17 (Reuters) - Korea Electric Power Corp (KEPCO) (015760.KS: Quote, Profile, Research, Stock Buzz) said on Thursday it has won a $500 million project to build a gas power plant in Jordan.

 

Under the deal, KEPCO will be responsible for building the Al Quatrana plant and operating it for 25 years, the state-run power company said in a statement.

 

Shares of KEPCO ?http://www.new-energy-supply.com/?were up 0.85 percent by 0143 GMT, trading at 29,700 won, underperforming the wider market’s 2.01 percent gain. (Reporting by Angela Moon; Editing by Keiron Henderson)

 

LONDON, July 17 (Reuters) - Chevron (CVX.N: Quote, Profile, Research, Stock Buzz) has lifted a force majeure on Escravos crude following repair work to a pipeline damaged by sabotage in June in Nigeria, the U.S. oil major said on Thursday.

SEOUL?http://www.new-energy-supply.com/?, July 17 (Reuters) - Korea Electric Power Corp (KEPCO) (015760.KS: Quote, Profile, Research, Stock Buzz) said on Thursday it has won a $500 million project to build a gas power plant in Jordan.

 

Under the deal, KEPCO will be responsible for building the Al Quatrana plant and operating it for 25 years, the state-run power company said in a statement.

 

Shares of KEPCO ?http://www.new-energy-supply.com/?were up 0.85 percent by 0143 GMT, trading at 29,700 won, underperforming the wider market’s 2.01 percent gain. (Reporting by Angela Moon; Editing by Keiron Henderson)

 

LONDON, July 17 (Reuters) - Chevron (CVX.N: Quote, Profile, Research, Stock Buzz) has lifted a force majeure on Escravos crude following repair work to a pipeline damaged by sabotage in June in Nigeria, the U.S. oil major said on Thursday.

 

“Force majeure is lifted,” Chevron spokeswoman Margaret Cooper said.

 

Earlier this week, Chevron said the Escravos production had been restored at its 120,000-barrel per day pipeline but it was not clear it had lifted the force majeure.

 

Chevron declared the force majeure to free itself from meeting all contract obligations in June after armed youths blew up the pipeline operated by the company.

 

At normal rates production of light, sweet Escravos?http://www.new-energy-supply.com/? is about 300,000 bpd.

 

Chevron did not specify current production levels.

 

Loading programmes show Escravos exports would average 215,000 bpd for July and August.