Keyword: oil industry

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Sinopec in JV to Buy $3 Billion of Assets from Parent

25.03.2013 - China Petroleum and Chemical Corp (Sinopec Corp) has agreed to set up a joint venture with its parent company to buy $3 billion worth of oil and gas assets held by the latter in a...

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Sinopec 2012 Profit Falls 12.8%

24.03.2013 - China Petroleum and Chemical Corp (Sinopec Corp) reported a 12.8% fall in 2012 net profit on Sunday, due to a drop in revenues from its upstream and chemicals businesses. Asia's...

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Sinopec Maoming Refinery to Use More Iran Oil in 2013

19.03.2013 - China's biggest refiner Sinopec Corp will process more Iranian crude at its second-largest plant in 2013 than in 2012, a Sinopec official said, but sees no problem finding...

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Statoil Plans East Africa LNG Plant After Tanzania Gas Find

19.03.2013 - Statoil and Britain's BG Group plan to build a $10 billion East African liquefied natural gas (LNG) terminal well placed for exports to Asia, after the Norwegian company made a new...

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Platts Bans Vitol from Europe Naphtha "Window" Trade

14.03.2013 - Vitol, the world's largest oil trading house, has been barred by pricing agency Platts from its daily European "window" naphtha trading session after failing to deliver on time...

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Thai PTT Global, Pertamina Plan $5 Billion Indonesia Petchem Plant

13.03.2013 - Indonesia's state-owned oil and gas firm, Pertamina, has selected Thailand's PTT Global Chemical (PTTGC) as its partner to build a petrochemical complex in Indonesia with an...

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Post-spill Performance Costs BP Boss his Share Bonus

07.03.2013 - BP boss Bob Dudley's pay fell by a fifth last year because of performance measures set over a three-year period that began in 2010, the oil-spill year. The company's 2012 annual...

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Russian Government Proposes that BP CEO Dudley Join Rosneft Board

01.03.2013 - Russia has offered BP CEO Bob Dudley a seat on the board of directors of state-controlled oil company Rosneft, in which BP is soon to raise its stake, a decree signed by Prime...