Latest Economy of Australia Stories
CB&I (NYSE:CBI) announced today it has been awarded a contract valued in excess of US$373 million by Woodside Burrup Pty Ltd., a subsidiary of Woodside Energy Ltd., and sole developer of the Pluto LNG Project. The Pluto LNG Project, a liquefaction facility with a forecasted production of 4.8 million tonnes per annum, is located on the Burrup Peninsula in Western Australia, approximately 20 kilometers (12 miles) northwest of Karratha. The project is expected to be completed in 2010....
By Michael Byrnes SYDNEY (Reuters) - Australian Prime Minister John Howard said on Thursday he was aware Saddam Hussein had broken sanctions in U.N. oil-for-food deals, but he did not know whether any Australian company was involved. Howard was giving evidence into an official inquiry into reports the country's monopoly wheat exporter AWB Ltd. allegedly paid multi-million dollar kickbacks to Saddam's Iraqi regime. A 2005 U.N. report alleged AWB was one of more than 2,000 firms that...
By James Grubel CANBERRA (Reuters) - Australia and New Zealand vowed to work to build a single economic market on the back of strengthening trade ties on Wednesday, but stopped short of endorsing a single currency. New Zealand Prime Minister Helen Clark said both countries wanted to build on the 23-year-old Closer Economic Relations (CER) agreement, which has freed up trade between the neighbors. But Clark and Australian Prime Minister John Howard said there were no plans for a single...
