Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Tuesday, December 14, 2010

YTL Power ventures into Jordanian oil shale projects

Written by Joseph Chin of
Tuesday, 14 December 2010 15:13

KUALA LUMPUR: YTL POWER INTERNATIONAL BHD [] is venturing into Jordanian oil shale projects which will see it building an oil plant with an output with 38,000 barrels per day.

YTLPI said on Tuesday, Dec 14 it had acquired a 30% stake in Eesti Energia, Near East Investment’s (NEI) Jordanian oil shale projects.

As the new strategic partner, YTLPI will contribute its experience in developing and operating large energy production and trading assets in emerging markets.

According to the new shareholding structure Eesti Energia owns 65%, YTLPI 30% and NEI 5% of the oil shale projects in Jordan.

Read here...

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