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...Global energy markets have changed and grown dramatically since the creation of the Strategic Petroleum Reserve (SPR) nearly 50 years ago....
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...About 270,000 people applied for the 8,000 openings advertised that year. Ganieva bypassed most of Goldman’s rigorous interview process....
...Shearman & Sterling O: 8; L: 7; I: 8; Total: 23The firm advised the International Finance Corporation, the private sector arm of the World Bank, on its first bond investment in Bangladesh....
...“Of course, there have been setbacks, with the privatisation talks of [fuel retailer Bharat Petroleum Corporation Ltd, or BPCL] stalling, for example,” she said, adding, however, that the government has...
...I will be back with the regular format on January 8. Here is the rest of the 2023 corporate and economic round-up....
...PetroChina, the listed arm of state-owned China National Petroleum Corporation, gained as much as 8.8 per cent, while China Oilfield Services added 10 per cent in morning trading....
...Next year it is targeting an even more modest Rs650bn ($8.75bn)....
...The major factor is the company’s practice of paying a staggering $8 a share annual dividend....
...The sector also pays higher corporation tax of 30 per cent compared to standard 19 per cent rate....
...The Ibex 35, the main index of the Bolsa de Madrid, Spain’s principal stock exchange, has dropped only around 8.5 per cent this year, outperforming most European indices....
...(FT) ‘We want him home’ It’s been three years since six men were accused by Venezuelan prosecutors of hatching a corrupt plan to refinance up to $4bn of Citgo Petroleum Corp bonds using a stake in the US-based...
...China National Petroleum Corporation signed a contract to develop the South Azadegan oilfield in 2009 after Japan’s Inpex withdrew....
...Yet South Sudan inherited oilfields producing some 350,000 barrels a day of oil in 2011 and Beijing as a top oil investor via the China National Petroleum Corporation....
...Corporation executives earlier this year....
...DD’s James Fontanella-Khan takes us through how a mega-deal at Occidental Petroleum took a turn for the worse in this M&A tale....
...The Oracle of Omaha just spent almost $10bn buying nearly 8,000 miles of pipeline and related storage infrastructure — about the same amount Berkshire Hathaway invested in struggling Occidental Petroleum...
...Economists have long advocated an end to the costly subsidy regime, and on Wednesday, Mele Kyari, head of the state-owned Nigerian National Petroleum Corporation, acknowledged on local TV that the subsidy...
...Saudi Basic Industries Corporation said it had since reduced supplies to its petrochemicals affiliates by an average of 49 per cent....
...Frontline, the Norwegian oil tanker group controlled by billionaire John Fredriksen, jumped more than 8 per cent, while rival Euronav advanced 7.4 per cent as charter rates soared....
...LCF sold mini-bonds to many retirees or first-time investors at promised returns as high as 8 per cent....
...“In India, solar energy and other renewable sources of energy are becoming increasingly competitive,” says Dharmendra Pradhan, the country’s petroleum minister....
...“For example, [China National Petroleum Corporation] has signed at least six [forward contracts],” said Ms Li. This included two super-long term deals of more than 20 years, she added....
...State-owned China Tower Corporation will seek to raise up to $8.68bn in a Hong Kong initial public offering that is expected to be the largest flotation on the Asian stock exchange in several years....
...The number of rigs drilling oil wells in the US has already dropped by about 8 per cent since November to 889, according to S&P Global Platts Analytics....
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