No. 5



Total Subsidiary And UAE Company To Build Paint Plant

A subsidiary of France's Total and the UAE's Al-Hamid Group on 26January signed an agreement setting up a company to build a plant for the production of3,000 tons/year of paint for oil pipelines. The company will have a capital of $2.5mn,owned 85% by Al-Hamid Group and 15% by the Total subsidiary. The plant will be located inAbu Dhabi's Musaffah area and its construction is expected to start in February...