• Most Popular
  • Most Shared

PetroChina cleared to buy Osaka refinery stake

Thu Jul 9, 2009 10:22pm EDT

Stocks

   

BEIJING, July 10 (Reuters) - China has given the go-ahead to PetroChina (0857.HK) to invest in Nippon Oil's (5001.T) Osaka refinery, the country's planning agency said on Friday.

PetroChina and Nippon Oil were expected to have finalised a deal by around the end of June for the Chinese oil major to buy 49 percent of the 115,000 barrels-per-day Osaka refinery, industry officials have said.

(Reporting by Chen Aizhu and Jim Bai; Editing by Jonathan Hopfner)



More from Reuters

No deaths, 40 injured in Jamaica airline crash

WASHINGTON (Reuters) - An American Airlines Boeing 737 overshot the runway while landing at the international airport in Kingston, Jamaica on Tuesday night, causing 40 injuries but no fatalities, a local newspaper reported.

» More Top News
Malaysians participate in computer attack and defence hacking competition during The 3rd Annual Hack-In-The-Box Security Conference 2004 in Kuala Lumpur on October 6, 2004. REUTERS/Bazuki Muhammad
Commentary:

Year of the breach

Data security breaches are nasty business and should be avoided at all costs, writes Kevin Prince, a chief technology officer at Perimeter e-Security. Here's a look at the biggest breaches and blunders of 2009.  Commentary 

Technology
A condominium under construction is seen in Miami, Florida October 15, 2007. REUTERS/Carlos Barria

Booming in the bust

For most Americans, the housing market collapsed about four years ago. For three real estate heavyweights, it's just getting started.  Full Article 

Housing Market