Thursday , July 20 2017

Regional News

Vitol Group drops plan to buy Gupta stake in South African coal terminal

Vitol drops plan to buy Gupta stake in S African coal port copy

Bloomberg Vitol Group, the world’s largest independent oil trader, walked away from a deal to buy a stake in the Richards Bay Coal Terminal from a company controlled by South Africa’s Gupta family. “The consortium comprising Vitol and Burgh Group Holdings will not be proceeding with the acquisition,” the commodities-trading ...

Read More »

Petronet eyes 2019 rescue for nearly idle $700 million India LNG plant

Petronet eyes 2019 rescue for nearly idle $700mn LNG plant copy

Bloomberg Petronet LNG Ltd. sees a lifeline arriving for its loss-making Kochi liquefied natural gas import terminal by 2019 after it boosts capacity use fourfold. The only LNG terminal in southern India is operating at about 10 percent of its 5 million-ton-a-year capacity, according to Finance Director R.K. Garg. Capacity ...

Read More »