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Reliance enjoys petchem rebound but profit misses estimates

Reliance enjoys petchem rebound but profit misses estimates
hydrocarbonprocessing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbonprocessing.com Daily Mail and Mail on Sunday newspapers.

Report: Chinese Investors Seeking Stake in Saudi Oil Company Aramco

Report: Chinese Investors Seeking Stake in Saudi Oil Company Aramco 29 Apr 2021 Reuters reported Wednesday that “major Chinese investors” are in talks to buy a stake in Saudi Aramco, the national oil company of Saudi Arabia. Saudi Crown Prince Mohammed bin Salman (MBS) mentioned the possibility of selling some Aramco stock in a television interview Tuesday. “I don’t want to give any promises but there’s a discussion for acquisition of one percent of one of the pioneer companies for energy that will be a great deal to enhance the sales of Aramco in the country of this company,” he said. 

Clean crude? Oil firms use offsets to claim green barrels

Apr 21, 2021 In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral. While the 2-million-barrel cargo to India was destined to produce more than a million tons of planet-warming carbon over its lifecycle, from well to tailpipe, the Texas-based driller said it had completely offset that impact by purchasing carbon credits. Such credits are financial instruments generated by projects that reduce or avert greenhouse gas emissions such as mass tree plantings or solar power farms. The projects’ owners can sell the credits to polluting companies, who then use them to make claims of offsetting their carbon emissions.

Clean crude? Oil firms use offsets to claim green barrels | Hellenic Shipping News Worldwide

Clean crude? Oil firms use offsets to claim green barrels In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral. While the two-million-barrel cargo to India was destined to produce more than a million tons of planet-warming carbon over its lifecycle, from well to tailpipe, the Texas-based driller said it had completely offset that impact by purchasing carbon credits under a U.N.-sponsored program called CORSIA. Carbon credits are financial instruments generated by projects that reduce or avert greenhouse-gas emissions such as mass tree plantings or solar power farms. The projects’ owners can sell the credits to polluting companies, who then use them to make claims of offsetting their carbon emissions.

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