Indorama Ventures Public Co. Ltd, the Bangkok-based chemicals maker controlled by the Lohia family, is in initial talks with The Chatterjee Group (TCG) to buy a stake in Haldia Petrochemicals Ltd (HPL), two people aware...
ExxonMobil says in talks to buy Singapore’s Jurong Aromatics
ExxonMobil (XOM.N) said on Wednesday it is in talks to buy a refining-petrochemical complex in Singapore that could boost its fuel and chemical production in Asia. “We can confirm that we are currently negotiating...
Saudi Aramco to invest $7 billion in Petronas’ RAPID oil refinery
Malaysia’s Prime Minister Najib Razak announced on Monday that Saudi Arabia’s state oil company Saudi Aramco will invest $7 billion in an oil refinery and petrochemical project in Malaysia’s southern...
Merger of Abu Dhabi’s IPIC and Mubadala creates $125-bn behemoth giant
Government of Abu Dhabi has merged two leading domestic companies – International Petroleum Investment Company (IPIC) and Mubadala Development Company – to create Mubadala Investment Company, a firm wholly-owned...
SK Innovation to invest up to $2.5 billion in 2017 to boost growth
SK Innovation Co Ltd (096770.KS), which owns South Korea’s top refiner SK Energy, said on Sunday it will spend up to 3 trillion won ($2.49 billion) in chemicals, oil exploration and battery businesses to boost its...
Bhatinda Refinery eyes Rs5,000 crore for expansion
The Guru Gobind Singh refinery at Bhatinda in Punjab will increase its refining capacity to 18 million metric tonnes per annum (mmtpa) and set up a petrochemical complex, people aware of the development said. The unit...
Manali Petro soars nearly 12% on acquisition of UK-based firm
NEW DELHI: Shares of Manali PetrochemicalsBSE -1.57 % today surged nearly 12 per cent after the company announced an acquisition of UK-based Notedome for about Rs 120 crore. The scrip soared 11.78 per cent to Rs 42.20...
BP seeks buyers for Chinese petrochemicals joint venture SECCO
FRANKFURT: British oil major BP is seeking buyers for its 50 per cent stake in Chinese petrochemicals joint venture SECCO, its largest investment in China, in a deal sources said could fetch $2-$3 billion. State-owned...
Bombay HC dismisses appeal against RIL-RPL merger
Bombay High Court dismisses the appeal against approval to merger of RIL and RPL.
Details Awaited
Bombay HC sanctions RIL-RPL merger
The Bombay High Court today sanctioned the merger of Reliance Industries (RIL) and Reliance Petroleum (RPL), but stayed its own order to enable those who are against the merger to file an appeal...
RIL acquires Chevron’s 5% stake in RPL for Rs 1,350 crore
Reliance Industries (RIL) has scaled up its shareholding in Reliance Petroleum (RPL) to 75.38% by purchasing US major Chevron’s 5% stake for Rs 1,350 crore. RPL has informed the stock exchanges that...
