Pakistan LNG Ltd (PLL) received its first bids in a year to buy spot cargoes of liquefied natural gas (LNG) from commodities trader Trafigura, to deliver two cargoes in January and February.
Bangladesh's state-owned company Petrobangla will sign a 10- year deal with Oman Trading International to buy 0.5 to 1.5 million metric tons per year (tpy) of liquefied natural gas (LNG) annually, said a Petrobangla official on Monday.
Spanish oil company Cepsa teamed up with vegetable oil processor Apical Group's Bio-Oils unit to build a second-generation biofuels plant in southern Spain, a 1 billion euro ($1.11 billion) project.
An international arbitration ruling on March 23 prompted the shutdown of Iraq's northern crude oil exports through Turkey and sent oil prices back towards $80 a barrel.