Vitol to buy stakes in Rialto's west African oil assets
GENEVA (Reuters) - Top oil trader Vitol has agreed to acquire stakes in Australian oil and gas explorer Rialto Energy's RIA.AX assets in Ghana and the Ivory Coast, the companies said on Tuesday.
Swiss-based Vitol will gain a 20 percent stake in Rialto Energy's Ghana operation and 65 percent in its Ivory Coast unit in exchange for financing for upstream projects.
(Reporting by Emma Farge; editing by Keiron Henderson)
BANGALORE/SYDNEY - Factory activity in Europe and Asia cooled in August after a strong July, as new orders dwindled in the face of escalating tensions in Ukraine and a patchy recovery in China, purchasing managers indexes showed. | Video
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.