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The European Union has resumed talks with Turkmenistan over the construction of the Trans-Caspian natural gas pipeline, according to EU Special Representative for Central Asia Peter Burian, Emerging Europe reported Aug. 14.
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.
The operator of the Nord Stream 2 pipeline said that the completion of the project could face a delay of up to eight months and cost an additional $740 million due to issues obtaining the permits needed to access Denmark's waters on the Baltic Sea, Reuters reported Aug. 8.
Saudi Crown Prince Mohammed bin Salman has maintained his push to value the Saudi Arabian Oil Co. at $2 trillion, even though some financial specialists and members of the state oil company have called for a target of $1.5 trillion instead, Reuters reported Aug. 7.