Rosneft, partners to announce acquisition of India's Essar Oil completed
NEW DELHI/MUMBAI (Reuters) - A consortium led by Russian oil major Rosneft(ROSN.MM) will announce on Monday completion of a $12.9 billion deal to acquire Indian private refiner Essar Oil, strengthening ties between the world's largest oil producer and the fastest growing fuel consumer.
Japan, Russia need to enhance trust before gas pipeline plans: minister
Japan and Russia need to work on building a more trusting relationship before any plans to build a natural gas pipeline between the two nations can be fulfilled, Japan's Minister for Economy, Trade and Industry Hiroshige Seko said on Monday.
Oil rebounds on Saudi assurances Russia will extend supply cuts
Oil prices closed 1.5 percent higher on Friday, rebounding from five-month lows, following positive U.S. jobs data and assurances by Saudi Arabia that Russia is ready to join OPEC in extending supply cuts to reduce a persistent glut.
Iran challenges need to ship out excess material under nuclear deal
Iran has challenged the need for it to ship sensitive material abroad if its stock exceeds a limit set by its nuclear deal with major powers.
Rosneft deal to buy India's Essar Oil does not violate sanctions: U.S.
A deal by a state-owned Russian oil company Rosneft and others to buy India's Essar Oil for $12.9 billion does not run afoul of U.S. sanctions on Russia, the State Department said.
Libyan commander's seizure of oil ports risks new conflict
Libyan forces loyal to eastern commander Khalifa Haftar said on Monday they had tightened their control over four major oil ports, casting a Western-backed project to unite Libya and revive oil exports into deep uncertainty.
Resistance to India joining nuclear suppliers group softens
A U.S.-led push for India to join a club of countries controlling access to sensitive nuclear technology made some headway on Thursday as several opponents appeared more willing to work towards a compromise, but China remained defiant.
Turkmen President Laments Corruption In Oil, Gas Industries
Turkmenistan's president has complained that there is major corruption in the Central Asian country’s oil and gas industries, in an unusually public statement made on state television.
|
