Energy Update

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DUBAI, May 30 (Reuters) - Saudi Basic Industries Corp
(SABIC), one of the world's largest petrochemicals
groups, said on Monday it had signed an agreement with Shenhua
Ningxia Coal Industry Group to build a petrochemical
complex in China.

* Govt wants to ensure utilities liable for nuclear shutdown
costs

DUBAI, May 30 (Reuters) - Saudi Basic Industries Corp
(SABIC), one of the world's largest petrochemicals
groups, said on Monday it had signed an agreement with Shenhua
Ningxia Coal Industry Group to build a petrochemical
complex in China.

* If no deal by June 30, product to be phased out

(Releads, adds more on decision process, Bayer bid)

TORONTO, May 30 (Reuters) - Canada's main stock index edged
lower on Monday as oil seesawed and gold fell to a 3-1/2-month
low, while financials firmed ahead of a potential increase in
U.S. interest rates this summer.

TRIPOLI, May 30 (Reuters) - Turkey's foreign minister said
during a visit to Tripoli on Monday that his country hoped to be
the first to reopen its embassy in the Libyan capital, following
the arrival of a U.N.-backed unity government at the end of
March.

* Saudi shares closes at pre-economic reform announcement
levels

* Tsipras opposes freezing wages of essential services

(Adds details, comments)

* Mozambique to pay out of gas revenues

(Adds detail, quotes)

* Exit may herald shift to less aggressive profit
recognition-analyst

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