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Abu Dhabi Is Said to Weigh Sale of $4 Billion Taqa Stake


Abu Dhabi Is Said to Weigh Sale of $4 Billion Taqa Stake
Bloomberg
5 hrs ago
© Photographer: Jasper Juinen/Bloomberg
Gas storage site, operated by Abu Dhabi National Energy Co. (Taqa).
(Bloomberg)
Abu Dhabi is weighing the sale of a stake in its biggest utility as the oil-rich emirate seeks more international investment in its marquee assets, people familiar with the matter said.
The government is working with an adviser as it considers selling about 10% of Abu Dhabi National Energy Co., according to the people, who asked not to be identified because the information is private. The stake in the company, known as Taqa, could be worth more than $4 billion based on its current market price. ....

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India Preparing to Buy Iranian Oil Once U.S. Sanctions Eased


India Preparing to Buy Iranian Oil Once U.S. Sanctions Eased
Bloomberg
2 hrs ago
Debjit Chakraborty
© Bloomberg
Gas flares burn from pipes aboard an offshore oil platform in the Persian Gulf s Salman Oil Field, operated by the National Iranian Offshore Oil Co., near Lavan island, Iran, on Thursday, Jan. 5. 2017. Nov. 5 is the day when sweeping U.S. sanctions on Irans energy and banking sectors go back into effect after Trumps decision in May to walk away from the six-nation deal with Iran that suspended them.
(Bloomberg) India’s state-run oil refiners are ready to snap up Iranian crude the moment U.S. sanctions are eased, according to a government official. ....

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Iran to Attend OPEC+ Committee Meeting Next Month, Delegate Says

South Africa's Petroleum Lobby Seeks Competition Act Exemptions


South Africa’s Petroleum Lobby Seeks Competition Act Exemptions
Bloomberg
12/22/2020
Paul Burkhardt
© Bloomberg
Gas pumps sit holstered on the forecourt of a Sasol Ltd. fuel station in Pretoria, South Africa, on Thursday, June 4, 2020. South Africa’s state-owned Central Energy Fund is considering buying assets that have been put on the block by fuel and chemical maker Sasol Ltd. as it seeks to restore itself to profitability.
(Bloomberg) The South African Petroleum Industry Association has applied for exemptions to the nation’s competition rules in order to “prevent and mitigate supply emergencies,” according to a government notice.
The exemptions to the Competition Act would allow joint planning around the scheduled shutdown of refineries and coordinate reactions to unplanned outages by members including Total SE, Royal Dutch Shell Plc and Sasol Ltd., that own refineries in South Africa, Sapia, the industry lobby group ....

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