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BP, Adnoc Urged to Raise $2 Billion Bid For NewMed Stake

(Bloomberg) -- An independent committee evaluating BP Plc and Abu Dhabi National Oil Co.’s roughly $2 billion offer for 50% of NewMed Energy has requested the oil and gas giants substantially increase their bid, people with knowledge of the matter said. Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonOnce Unthinkable Bond Yields Now the New Normal for MarketsCongress Averts US Government Shutdown Hours Before DeadlineSevere Crash Is Coming for US Office ...
Tel Aviv Abu Dhabi Abuz Aby United Arab Emirates Galit Altstein Bloomberg Businessweek
Source: yahoo.com

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ADNOC L&S to enter Iraqi Market | Iraq Business News

By John Lee. ADNOC Logistics and Services plc (ADNOC L&S), has taken delivery of eight self-propelled jack-up barges (JUBs) through its subsidiary Zakher Marine International (ZMI) Holdings. In a statement to the markets on Monday, it said that one of the barges will serve the Iraqi market, "marking ADNOC L&S' entry into a new market
Abu Dhabi Abuz Aby United Arab Emirates John Lee Abu Dhabi National Oil Company Abu Dhabi Securities Exchange

China's Saudi crude imports to remain depressed through third quarter: analysts, ET Auto

Chinese Oil Imports: Imports from Saudi Arabia in July came in at 5.65 million metric tons, or 1.33 million bpd, the lowest since June 2022, China customs data showed on Sunday. Julys Saudi imports slipped 31per cent from June and are down 14% from a year earlier.
Ar Riya Saudi Arabia Emma Li Organization Of The Petroleum Exporting Countries Petroleum Exporting Countries Arab Light

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