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