Sinopec forecasts second-half fuel sales drop after surge in first half profit
BEIJING, Aug 26 (Reuters): China Petroleum & Chemical Corp, the country's largest refiner, said on Sunday that it expects fuel sales to drop and processing rates for crude to stay flat in the second half of 2018, amid an oversupply of refined fuels.The company, known as Sinopec, will process 121...
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Iranian parliament removes finance minister from office
TEHRAN, Aug 26 (Reuters): The Iranian parliament voted on Sunday to remove the minister of economic affairs and finance, Masoud Karbasian, from office, state media said, amid a sharp fall in the rial currency and a deterioration in the economic situation.The move was the latest in a continuing shakeup of...
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AGP recommends sacking of PIA chief
KARACHI, Aug 26 (Reuters): The Auditor General of Pakistan (AGP) has recommended immediate sacking of Pakistan International Airlines (PIA) chief executive officer Musharraf Rasool Cyan, terming his appointment an "irregular favour", it is learnt reliably.According to the report, the AGP's office also recommended the recovery of the salary that the...
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Asian LNG prices hit highest in over two months on tight supply
SINGAPORE, Aug 26 (Reuters): Asian spot liquefied natural gas (LNG) prices rose for the second straight week to their highest in over two months, buoyed by stable demand ahead of winter and as some producers curbed supply due to maintenance or disruption at plants.Spot prices for October delivery in Asia...
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Venezuela, Trinidad and Tobago sign oil partnership agreement
CARACAS, Aug 26 (Xinhua): Venezuelan President Nicolas Maduro and Prime Minister of Trinidad and Tobago Keith Rowley signed a gas and oil partnership agreement on Saturday after a meeting between the leaders."We have signed a very important document that will permit the generation of physical and monetary wealth for Venezuela...
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