concession


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Oil & natural gas company Horizon Petroleum Ltd (TSXV:HPL) said on Monday that it has completed the acquisition of two additional concessions in Poland from the subsidiaries of San Leon Energy plc.
The project in the port of Olvia provides for the transfer to the concessionaire for a definite term of the integral property complex, which includes the property of SE "Olivia Stevedoring Company", property of SE "AMPU", as well as objects specially built in accordance with the conditions of the concession agreement subject to the concessionaire on certain investment obligations.
Lim said the concession period of the four highways is between nine and 20 years, adding the period will not be extended after the takeover.
In January this year, the RS Government granted the company a concession for the construction and use of the Grebak wind farm.
According to a report distributed at the cabinet's monthly meeting under the chairmanship of Prime Minister Thongloun Sisoulith, 201 land concession projects on a total area of 81,879ha have not made any progress.
According to our source, who declined to have his name in print, as he is not authorised to speak on the matter: 'It's like the NPA does not see any reason why the Shippers Council should be part of the port concession review process.
Continued Concessions Development: Vinci's concession business benefits from a strong domestic presence with solid 2017 performance in Autoroutes driven by volume increases, which we expect to continue in 2018-19.
It is affected by the operations of the Sime Darby Plantation Concession Company operating in the area.
Under a 40-year agreement, CNPC, through its majority-owned listed subsidiary PetroChina, was granted a 10 per cent interest in the Umm Shaif and Nasr concession and a 10 per cent interest in the Lower Zakum concession.
Abu Dhabi National Oil Co's (ADNOC) signed a new 40-year agreement with INPEX awarding the Japanese oil company a 10% stake in its Lower Zakum concession. Separately, INPEX's stakes in Abu Dhabi's Satah and Umm Al Dalkh concession have been extended for 25 years, as per a statement by ADNOC and INPEX.
As per the terms of the deal, CNPC through its subsidiary PetroChina has been given a 10% interest in the Umm Shaif and Nasr concession and a 10% interest in the Lower Zakum concession.
Total contributed a participation fee of AED 4.2bn to enter the Umm Shaif and Nasr concession and a fee of AED 1.1bn to enter the Lower Zakum concession.