Puan Sri Sharifah Zarah Al-Bukhary ?

I have done this site especially for Puan Sri Sharifah Zarah Al-Bukhary
in order to visit thishousewillexist.org

Sorry for my poor english translation.



Vavasi consortium led by the majority group wants the second-largest Arab mobile operator Zain

For 10 billion euros, an Indian consortium, 46 percent of Arab mobile phone operator Zain take over. The project of the Indian investors to Vavasi group would be one of the largest foreign takeovers in the Arabian Peninsula. Since the management of Zain Group holds 10 percent of the shares, but they are no voting rights, the Indian consortium would acquire control of the second-largest Arab mobile operator. Zain operates mobile networks in eight in 16 African and Arab states.

In the summer, the French media group Vivendi would acquire the activities of Zain Africa. The talks foundered on price, however. The proposed acquisition by the Indians can now open many questions. Unlike the management of Zain Vivendi does not this time the negotiations. The Kharafi Group, which had so far with a 10 percent share of the largest private shareholder in Zain, announced for the Indian consortium to acquire 46 percent of the shares in return for a premium of 89 percent on the share price of 9 July pay. Zain was announced on that day to negotiate the sale of its African subsidiaries. With the announcement of the management of Zain Kharafi has probably set the talks for the sale of activities in Africa. Traders on the Kuwait Stock Exchange was noticed for weeks that Kharafi buys shares of Zain.

It is unclear who wants to sell his shares in addition to Kharafi. The state fund Kuwait Investment Authority is the largest shareholder with 24.6 percent. Until 2001 he had held 49 percent. Furthermore, there is confusion of who is a member of the Indian consortium. It is managed by the Vavasi group, which had been offered unsuccessfully in India for mobile phone licenses. The consortium includes the billionaire Syed Mokhtar Al Bukhari from Malaysia. Two major state-owned mobile phone company from India denied, also belonging to the consortium. Arifuddin Farid, the director general of Vavasi said, only in Kuwait, we have some companies, their objectives with their own converged, pulled on the short list. Investors from the Gulf countries are also welcome. One of the biggest questions raised so far that no company that could be brought in connection with the takeover, has begun talks with banks on financing. The consortium is willing to pay ten times the expected price for 2009 operating income before depreciation and amortization (Ebitda). In the first half, operating profit rose 46 percent to the equivalent of $ 1.77 billion. Zain in September 2008 in one of the most successful capital increases carried out at the Kuwait Stock Exchange. In the capital increase by 4.5 billion dollars involved in 99 percent of shareholders. Zain is the oldest mobile operator in the Arab world.

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Two projects of oil refineries with a total of $ 5.6 billion

The Syrian government signed an agreement with Iran, Venezuela and a consortium of Malaysia to build a refinery with a capacity of 140,000 barrels per day in the center of the country.

The refinery will be located in an area known as Al-Furoqlus, east of the city of Homs, near an old oil pipeline linking Iraq to the Mediterranean coast of Syria.

The project, valued at $ 2.6 billion, is a joint venture between state companies of Venezuela, Iran and Syria, and a Malaysian conglomerate.

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The Venezuelan PDVSA, will own 33% of the company, the Iranian "National Iranian Oil Refining and Distribution Company" (NIORDC) and the Malaysian Bukhari Group will each have a 26%. The remaining 15% will be held by the Syrian Ministry of Oil. The production of the refinery should begin in 2011 with a capacity of about 140,000 barrels of oil per day.

The agreement also includes commitments to crude oil supply. Venezuela should supply the refinery 42,000 barrels of crude per day, Iran has committed up to 28,000 barrels and Syria to 7,000 barrels per day, at least 25 years.

The group Bukhari is one of the largest conglomerate in Malaysia, Syed Mokhtar led by Al-Bukhary, its founder. The group is present in real estate, hospitality, energy, construction, retail, banking and rubber plantations.

In addition, a second refinery project is under way, with the signing of Damascus under a contract for a feasibility study from Noor Financial Investment Company and Wood Mackenzie, an energy consulting firm.

Noor plans to build a refinery, also with a capacity of 140,000 barrels per day, near the town of Deir ez-Zor. To this end, a memorudum of Understanding was signed with the Syrian Ministry of Oil in May. Currently, the refining capacity of public facilities located at Banias and Homs stands at 240,000 barrels per day.

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Very successful period for Iran. After China and Italy, it's time for Malaysia to surrender to the charms of the Iranian oil ...

Iran and Malaysia on Wednesday signed an agreement of about six billion dollars on the development of two offshore gas fields, Golshan and Ferdos, located in the Gulf, in fact, come to announce the Iranian authorities.

The National Iranian Oil Company and SKS, linked to businessman Syed Mokhtar Al-Bukhary, had concluded a preliminary agreement in January with a value of $ 16 billion on the exploitation of gas fields of Golshan and Ferdows, in southern Iran, and the construction of production facilities for liquefied natural gas (LNG).

According to Iranian media, the total value of the contract signed Wednesday is 16 billion. Nozari, television, spoke six billion dollars of foreign investment and said the LNG production, with the key 9-10 billion investment, would soon be another signature. The project must be completed in five and a half years, said Iranian Oil Minister Gholam Hossein Nozari.

The Golshan gas field, with reserves estimated at 1.5 trillion m3, must produce 70 million m3 of gas per day. That of Ferdos contains 285 billion m3 and is expected to produce 25 million cubic meters per day. The minister presented the contract as one of the largest investment agreements made by Iran in the energy sector, less than three weeks after the agreement with Chinese Sinopec to develop the giant oil field Yadavaran. "We pay attention mainly to Asian countries which are large markets for the future energy sector," said Nozari. He said in January that the contract is 25 years old and have 50% of SKS LNG product.

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