Energy Update
Yanbu Aramco Sinopec Refining (Yasref) has secured $4.7bn syndicated loan to refinance an existing shareholders’ credit facility.
Genoil, along with consortium partner Shaanxi Yanchang Petroleum Group subsidiary Beijing Petrochemical Engineering (BPEC) have received $5bn letter of intent to cover the initial cost of an upgrade project in Middle East.
BRASILIA, April 17 (Reuters) - With 100 votes cast, 73
congressmen voted in favor of the impeachment of President Dilma
Rousseff in Brazil's lower house on Sunday and 27 voted against
or abstained.
ROME, April 17 (Reuters) - A referendum aimed at curbing
Italy's offshore oil and gas industry was sunk on Sunday when it
failed to secure the necessary quorum, with a majority of voters
shunning the ballot, initial official data showed.
BRASILIA, April 17 (Reuters) - Brazil's lower house of
Congress began voting on Sunday on whether President Dilma
Rousseff should face an impeachment trial in the Senate on
charges of manipulating budgetary accounts.
YENAGOA, Nigeria, April 17 (Reuters) - A group that claimed
responsibility for a major attack on a pipeline in Nigeria's
oil-producing Delta region said it will carry out more strikes,
just days after President Muhammadu Buhari vowed to crack down
on "vandals and saboteurs".
QUITO, April 17 (Reuters) - Ecuador's 110,000 barrel-per-day
Esmeraldas refinery remained down on Sunday as a precautionary
measure though will likely soon restart after a major earthquake
in the OPEC nation that killed at least 235 people, the state
oil company said.
SANTIAGO, April 17 (Reuters) - Heavy rains battering central
Chile have left an estimated 4 million people without drinking
water as landslides wreaked havoc and rivers breached their
banks, leaving at least one person dead and closing the world's
largest copper mine.
KUWAIT, April 17 (Reuters) - Kuwait reduced its crude oil
output and refining production on Sunday as part of an emergency
plan to help the OPEC member deal with the largest petroleum
workers' strike in years.
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