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Saudi Arabian Oil Co. (Saudi Aramco) has agreed to acquire a 20 percent stake in Indian oil company Reliance Industries Ltd.'s oil and chemicals segment for $15 billion, The Wall Street Journal reported Aug. 12.
Saudi Energy Minister Khalid al-Falih has met Indian Petroleum Minister Dharmendra Pradhan in New Delhi to discuss a range of energy-related issues between the two countries, Livemint reported July 25.
The managing director of India's Mangalore Refinery and Petrochemicals Ltd. told reporters he expects India to receive waivers for U.S. sanctions on Iranian oil imports, which take effect Nov. 5, Reuters reported Oct. 16.
A state-owned asset management firm in western China made payments on a bond after missing a deadline in a rare instance of bond default by a local government financing vehicle, Reuters reported Aug. 15.
Traditional uses for copper, such as in electricity transmission and construction materials, will still dominate, even as electric vehicle use bumps up demand for the metal. This reality puts its suppliers in a complicated position.
On July 25, a former Australian Secret Intelligence Services operative and his attorney will go on trial for allegedly disclosing secret information about the agency in an effort to blow the whistle on corruption.
Chinese conglomerate Citic Metal Co. agreed to purchase a 20 percent stake in a Congolese mining firm, Ivanhoe Mines Ltd., for $555 million, making Citic Ivanhoe's largest shareholder, Bloomberg reported June 11.
The Democratic Republic of the Congo is trying to get a larger share of the jackpot generated by its copper and cobalt. That move is adding to the problems facing Glencore PLC, one of the country's larger mining operators.
The China Insurance Regulatory Commission (CIRC) announced Feb. 23 that it had taken control of Anbang Insurance Group Co. Ltd. for one year, saying the company had violated laws and regulations that could threaten its solvency, Reuters reported.