Page 2 - Precision Strip News Today

Puma Energy, a Swiss mid- and downstream oil company, has agreed to divest its Myanmar business to a local private company.

ONGC Videsh (OVL), the wholly owned subsidiary of ONGC, is considering investing $1bn in the BM Seal-4 deep offshore block in Brazil.

PKN Orlen plans to acquire stake in the PCK Schwedt refinery in Germany, which has been placed under a trusteeship by Germanyz.

Repsol will divest a 25% stake in its newly-formed global exploration and production (E&P) company, Repsol Upstream, to EIG for $4.8bn.

Angola is planning to divest its 30% stake in national oil company Sonangol EP within the next five years, reported Bloomberg News.

As Russia curbs gas supplies, many EU countries could face an energy crisis for a long time.

Global VCM capacity is poised to see considerable growth over the next five years, potentially increasing to 53.89mtpa in 2026.

Global Expandable Polystyrene (EPS) capacity is expected to grow moderately in the next five years with a potential total growth of 2%.

Eastward gas flows from Germany to Poland increased, while the Russian flows to northern Europe remained stable.

Naftna industrija Srbije operates the Pancevo refinery, which is located in Vojvodina in Serbia. It is an integrated refinery owned by Gazprom.