China shifts to Iranian tankers to keep oil flowing
BEIJING/SINGAPORE, Aug 20 (Reuters): Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States.The shift demonstrates that China, Iran's biggest...
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Indian aviation mkt posts highest growth in Asia Pacific region
NEW DELHI, Aug 20: India led the Asia Pacific region in posting the highest growth in air passenger traffic in May at 13.3 per cent, said a global body representing airports worldwide, reports PTI. The growth in China in comparison stood at 8.3 per cent and South Korea at 8.1...
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PepsiCo to acquire SodaStream for $3.2 billion
Beverage and snack giant PepsiCo announced plans on Monday to acquire at-home carbonated drink-maker SodaStream for $3.2 billion, reports CNBC.The Purchase, New York-based company agreed to pay $144 per share in cash for SodaStream's outstanding stock, a 32 per cent premium to its 30-day volume weighted average price.The deal gives...
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Norway to supply Australia’s first floating LNG import ship
Australian Industrial Energy (AIE) has secured the country's first floating LNG import ship which could help lift pressure on the forecast gas shortage in 2020, reports the Sydney Morning Herald.Norwegian firm Hoegh LNG - one of the largest global suppliers of floating regasification units - has signed an agreement with...
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