The collaboration also reinforces Egypt’s strategy to emerge as a key player in the global hydrogen economy
Brazil’s Mines and Energy Minister Alexandre Silveira said Petrobras will only enter into an agreement if the buyback is “economically viable”
Saudi Aramco is aiming to sell 50 million shares – a 29.7 per cent stake – in the company
Comprising three mini refineries, Al-Zour is the biggest of several oil-processing facilities being added across the Middle East
The facility will be built in the city of Panjin, in China’s Liaoning Province
More than 4 million barrels a day of US oil output is now offline
Prior to the pandemic, the plant had been mostly targeting Europe for sales of low-sulfur diesel and jet fuel
In August, Reliance valued its oil-to-chemicals division at $75bn including debt, implying a $15bn valuation for a 20 per cent stake