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Enbridge, Fluxys, EIG bid for Brazilian gas import pipe: press
May 24, 2021 11:10:am
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by: Joseph Murphy
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Enbridge, Fluxys, EIG bid for Brazilian gas import pipe: press
A consortium of Canada s Enbridge, Belgium s Fluxys and US private equity firm EIG Global Energy Partners has submitted a non-binding offer for Brazil s biggest gas import pipeline, Reuters reported on May 21 citing sources. Fluxys is already a shareholder in the line following a January deal to buy EIG s minority stake.
State-owned Petrobras launched the sales process for its 51% stake in the 2,593-km Transportadora Brasileira Gasoduto Bolivia-Brasil (TBG) pipeline, which pumps gas from Bolivia to Brazil, in December last year. Its transmission capacity is 30mn m
Saudi oil firm Aramco s first-quarter profits up by 30%
AYA BATRAWY, Associated Press
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FILE- In this Dec. 12, 2019, file photo, a trader talks to others in front of a screen displaying Saudi stock market values at the Arab National Bank in Riyadh, Saudi Arabia. Saudi Aramco said Tuesday, May 4, 2021, it s profits soared by 30% for the first-quarter of the year, compared to last year, riding on the back of higher crude oil prices as some of the world s biggest economies claw their way out of recession and ease restrictions amid vaccine roll-outs against COVID-19.Amr Nabil/AP
DUBAI, United Arab Emirates (AP) Saudi Aramco said Tuesday its profits soared by 30% in the first-quarter of the year, compared to last year, riding on the back of higher crude oil prices. The results come as some of the world s biggest economies are clawing their way out of recession and easing restrictions amid vaccine rollouts against COVID-19.