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...Amur Trading FZCO and Amur Investments Ltd could not be reached. This article has been revised to clarify Mercantile’s divestment from the Amur companies...
...The forced sale of the Sicilian plant, which accounts for a fifth of Italy’s refining capacity, took place as the EU was preparing to ban imports of Russian seaborne and petroleum products in December last...
...The puzzles American Arcadia presents you with aren’t particularly challenging, but they’re pitched just right for this kind of tightly authored, propulsive caper....
...The family descend from Arthur Belfer who moved to the US from Poland around the time of the second world war and imported feathers for down pillows and sleeping bags before branching out into rubber and petroleum...
...The region is one of the world’s largest purchasers of refined petroleum products, and has relied on imports from Asia and the US in the past year after the EU banned the use of Russian diesel in the bloc...
...It was founded in the 1970s by Jan Nasmyth, a former Treasury official and British Army officer, as a weekly newsletter called Europe-Oil Prices covering European petroleum products....
...Perth-based Woodside completed its takeover of BHP’s petroleum business in 2022, which transformed the company into a global player with assets in the US, Algeria and Canada....
...According to Chinese court records, under previous ownership, the Shundlli was involved in smuggling petroleum products into China between 2017 and 2019 as part of a scheme to evade import taxes....
...Before the pandemic, John Lewis was blessed with a robust online business, yet it has failed to capitalise on the weakness of competitors like Debenhams, Arcadia and House of Fraser — which left hordes of...
...Its investors lent about £130mn to the utility’s holding company Kemble Water Finance Ltd in 2018 and 2020....
...Boots remains committed to the UK high street, according to people familiar with the decision, despite high-profile collapses such as Debenhams and Topshop’s owner Arcadia....
...However, Nissan’s current decline in market share is also because of a sharp drop in sales for petroleum cars, suggesting a more fundamental issue of brand erosion....
...To prepare for Energy Source’s relaunch I spent last week with my colleague Myles McCormick in Houston, where we met executives from ExxonMobil, Occidental Petroleum and Chevron to take the temperature of...
...Last month, Africa’s first Chinese-owned lithium concentrate plant started up trial production at Arcadia, in Zimbabwe....
...Specifically, they are “Petroleum and coal products”, “Oil and gas extraction”, “Utilities”, “Chemical products”, “Farms”, “Food and beverage and tobacco products”, “Housing”, and “Wholesale trade”....
...The prospects for creditors of other Arcadia group companies are less certain....
...Other state-run companies that announced plans to delist from the New York Stock Exchange on Friday included Aluminium Corporation of China, the country’s largest aluminium producer, China Petroleum & Chemical...
...Woodside Petroleum completed a merger with BHP’s oil and gas business this year, while Santos merged with rival Oil Search in a A$21bn deal last year....
...The company completed the merger of its petroleum business with Australia’s Woodside earlier this year. BHP’s chief executive Mike Henry said he was “disappointed” by the rejection....
...One scoop to start: A US private equity group has resumed talks to buy Italy’s largest petroleum refinery from Russia’s Lukoil....
...BHP said shareholder returns were close to $36bn, including the shares in Woodside Petroleum given to its shareholders in exchange for the sale of the miner’s petroleum division.The bumper payout concludes...
...It is being advised by restructuring experts at Teneo, who also oversaw the recent prepack administration of Missguided and the complex administration of Sir Philip Green’s Arcadia empire....
...In refined petroleum products, such as diesel and fuel oil, UAE dominance was even higher, with 10 of the 20 largest traders registered in the country....
...The transaction also marks a reversal from 2021, when the likes of Boohoo and Asos were snapping up bricks-and-mortar retailers such as Debenhams and parts of Arcadia that had fallen into insolvency....
...that the end of the sale process “isn’t the very worst position” for Boots and its 50,000 employees to be in and that the company was nowhere near the kind of financial distress that befell Debenhams or Arcadia...
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