Energy Update
DAVAO, Philippines, June 4 (Reuters) - Philippine
President-elect Rodrigo Duterte warned mining companies to
"shape up", as he signalled he would prefer ownership of mining
assets to be left to local investors.
RIO DE JANEIRO, June 4 (Reuters) - Brazil's energy ministry
said on Saturday it backed full independence for Petrobras to
set domestic fuel prices, blaming past controls for saddling the
state-controlled oil company with crippling debt that is the oil
industry's largest.
ASUNCION, Paraguay, June 4 (Reuters) - Paraguay's state-run
oil firm Petropar said Saturday that Venezuelan state oil
producer PDVSA had set a 10-day deadline for the
Paraguayan company to pay off $287 million of long-standing
debt.
DAVAO, Philippines, June 4 (Reuters) - Philippine
President-elect Rodrigo Duterte warned mining companies to
"shape up", as he signalled he would prefer ownership of mining
assets to be left to local investors.
WARSAW, June 4 (Reuters) - Polish electricity grid operator
PSE confirmed on Saturday that it had imposed nightly limits on
importing power supply from Lithuania, saying the decision was
for technical reasons and only temporary.
YENAGOA, Nigeria June 4 (Reuters) - A militant group that
has claimed responsibility for several attacks on Nigeria's oil
infrastructure urged other groups on Saturday not to attack
soldiers or kidnap people.
June 4 (Reuters) - Fire crews have extinguished a fire that
raged in Oregon after a Union Pacific Corp train
carrying crude oil derailed on Friday and burst into flames, the
Federal Rail Administration said.
RIYADH, June 4 (Reuters) - The United Arab Emirates (UAE)
President Sheikh Khalifa bin Zayed al-Nahyan has left the
country for a private trip abroad, state news agency WAM
reported on Saturday, a rare report on the leader's movements
since he suffered a stroke in 2014.
ISTANBUL, June 4 (Reuters) - Turkish energy company Unit
International has reached a $4.2 billion deal with Iran's energy
ministry to build seven natural gas power plants there, in what
it said was the biggest investment in Iran since the lifting of
sanctions.
SEOUL/HONG KONG, June 4 (Reuters) - The starting date for an
overseas investor roadshow for Hotel Lotte Co Ltd's
proposed $4.8 billion initial public offering has been
"adjusted", a spokesman for South Korea's Lotte Group said on
Saturday, without giving a reason.
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