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Integrated Oil & Gas

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Rosneft-led group agrees to acquire 98 pct in India's Essar Oil

Saturday, 15 Oct 2016 05:55am EDT

ROSNEFT AND INVESTMENT CONSORTIUM OF TRAFIGURA & UCP SIGN AGREEMENTS TO ACQUIRE 98 PCT IN ESSAR OIL ESSAR SAYS TRANSACTION INCLUDES $10.9 BLN FOR ESSAR’S REFINING, RETAIL ASSETS, AND $2 BLN FOR VADINAR PORT, OTHER INFRASTRUCTURE (Mumbai Newsroom) ((+91 22 6180 7200;)) Keywords:.

Brookfield Infrastructure Consortium to acquire South American Natural Gas Transmission Utility

Friday, 23 Sep 2016 06:52am EDT

Brookfield Infrastructure Partners LP : Brookfield Infrastructure Consortium to acquire South American Natural Gas Transmission Utility . Deal for approximately US$5.2 billion . Petrobras, as a 10% owner in NTS, will have customary governance rights commensurate with size of its interest . Will fund proportionate share of up-front payment from existing liquidity which totalled about US$2 billion at June 30, 2016 . Have reached agreement to acquire a 90% controlling stake in Nova Transportadora Do Sudeste S.A. . Brookfield Infrastructure's investment will be a minimum of approximately 20% of transaction, representing about US$825 million . Brookfield Asset Management has agreed to participate initially for an approximate 30% interest in consortium .Purchase price payable in 2 tranches; up-front payment of us$4.3 billion on closing,balance payable on 5th anniversary of closing.

Turcas Petrol submits and application for privatization tender of two power plants

Monday, 5 Sep 2016 08:19am EDT

Turcas Petrol AS : Submits a pre-qualification application for privatization tender of Almus and Köklüce hydroelectric power plants in Tokat .Power plants have an installed capacity of 117 MW, which are included in group 3 hydroelectric power plant portfolio of Elektrik Üretim AS.

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