Sweden-based vegetable oils and fats producer AAK has announced the completion of the acquisition of California Oils (CalOils). In July, AAK announced that it was acquiring CalOils, which is based in Richmond, California, from ...
Tags: AAK, CalOils, acquisition
France-based packaging equipment manufacturer Sidel has partnered with Brazilian oil producer Algar Agro to develop the world's lightest 900ml PET bottle for edible oil . The partners redesigned and developed the new PET bottle and ...
Tags: PET Bottle, Edible Oil
Indian mustard oil producer B L Agro Oils has installed a new PET bottling line from liquid packaging solutions provider Sidel at a purpose-built facility near its existing refinery unit in Parsakhera, Uttar Pradesh. The bottling line ...
Tags: B L Agro Oils, PET bottling, filling, capping
The halving of Algeria's foreign revenues in just a few months has had a brutal impact on the country's economy, Prime Minister Abelmalek Sellal said Sunday, describing the current situation as "difficult." In an interview with state news ...
Oil industry could ride out a further price slump to $25 a barrel since there is no sign within OPEC toward action to support oil prices. It shows that despite lobbying by Iran and Venezuela, there is little chance of collective action by ...
Tags: Oil industry, crude oil
Zambian agri-business company Zambeef is in talks with a third party to divest edible oil and soya meal producers Zamanita Limited. The move follows the publication of a cautionary announcement regarding the transaction on the Lusaka ...
Tags: edible oil, soya meal, Agriculture
Swedish-Danish company AarhusKarlshamn (AAK) has acquired Fabrica Nacional de Grasas, a Colombian company that specializes in vegetable oils and fats for the bakery segment. The company reported revenues of approximately SEK270m in 2013, ...
Tags: AAK, vegetable oils, Food
The US shale gas and oil boom of recent years is "very profound, but sometimes taken out of proportion," International Energy Agency chief economist Fatih Birol said at the Flame conference in Amsterdam Tuesday. Birol said that of the ...
Nigeria has emerged as the second-largest importer of US jet fuel and has also started bringing in atypical US kerosene barrels, according to data released Tuesday by the US Energy Information Administration. Nigeria imported 864,000 ...
Tags: Jet Fuel, jet trader
Canada's leading light oil producer Penn West will invest C$900 million ($815 million) in 2014 on its assets in Western Canada, targeting an annual average output of 101,000-106,000 b/d of oil equivalent, CEO Dave Roberts said Friday. ...
Tags: Light Oil Producer, Mineral
South Texas' giant Eagle Ford Shale was the best asset for big US upstream operator EOG Resources in 2013 and will again drive oil growth this year, the company's CEO said Tuesday. Last year Houston-based EOG focused on improving well ...
Tags: Eagle Ford, Oil Growth
Russia's largest oil producer, Rosneft, and petrochemical company Sibur Friday reached an agreement under which the oil producer will sell its 49% stake in a gas processing joint venture to Sibur and guarantee supply of up to 10 billion ...
Tags: Rosneft, Gas, oil producer
Africa's biggest oil producer seeks balance between its profits and benefits in emerging markets such as China As Nigeria's government prepares to implement the Petroleum Industry Bill that will provide "long-term" investment prospects, ...
Tags: oil producer, Mineral
Oil Search reports that as at 06:00 hours PNG time on 2 January, the Mananda 7 well was at a depth of 1,921 metres in a 121/4 " hole. Since the last drilling report released on 19 December 2013, drilling progress has been 860 metres. The ...
Tags: Oil Search, Mananda 7 well, drilling report, Taza 2 well
Belarusia has proposed to Russian oil producer Rosneft to take part in the privatization of one of its two large oil refineries,Belarusian Deputy Prime Minister Pyotr Prokopovich said on Friday. Belarus has offered Rosneft an option to ...
Tags: Belarusia, Rosneft, oil refineries, privatization