In a letter in Italian newspaper Corriere della Sera on Friday Igor Sechin, chairman of Russian oil giant Rosneft, a shareholder of Italy's Saras, says: the companies (in the refining sector) located in the Mediterranean have significant potential precisely because of their geographical position . we are thinking of strengthening our presence in this market if our partners offer us mechanisms for improving the economic efficiency of the projects . we are very satisfied with our investments in the Italian refining sector (Reporting by Milan newsroom) ((firstname.lastname@example.org; +39.0266129695; Reuters Messaging: email@example.com)).
Suncor Energy Inc : Suncor and MCFN announce agreement for equity partnership in east tank farm development . Signing of a participation agreement for purchase by mcfn of a 14.7% interest in suncor's east tank farm development . MCFN's 14.7% share of actual capital cost of east tank farm development is currently anticipated to be approximately $147 million . Suncor will be operator of East Tank Farm Development once operational . combined equity interest by fort mckay first nation and mcfn in suncor's east tank farm development is 49% .Revenue from long-term terminaling services agreements with fort hills partners will underpin mcfn's independent financing of transaction.
Alon Usa Energy Inc : Alon USA Energy, Inc. announces receipt of proposal to purchase its outstanding common stock . Alon announces receipt of proposal to purchase its outstanding common stock . Special committee intends to consider Delek's proposal and determine how to respond . Special committee has retained J.P. Morgan as its financial advisor .Alon - proposal from Delek US holdings was submitted to a committee of members of board of directors of Alon.
Avic Joy Holdings HK Ltd : Company entered into share transfer agreement with purchaser . Purchaser has conditionally agreed to purchase sale shares . Deal for HK$203.9 million .Purchaser agreed to assume obligations to repay debt in replacement of group such that purchaser shall become legal debtor to debt.
NGL Energy Partners Lp : NGL Energy Partners Lp announces the acquisition of point comfort terminal assets . Point comfort facility will have an initial truck receipt capacity of at least 30,000 barrels per day . Point comfort facility will have an initial marine loading capacity of up to 20,000 barrels per hour . Terminal can be expanded to meet future market demand . NGL Energy Partners Lp says expects terminal to be ready for commercial service in April of 2017 .
Spain's Sacyr : Says has subscribed a financial coverage with an undisclosed financial entity for oil prices variation on 20 million shares it owns in Spanish oil major Repsol . Sacyr currently owns 8.38 percent of Repsol's share capital and the instrument subscribed covers a stake of around 1.36 percent . Sacyr says the deal eliminates the company's exposure to Repsol shares trading below a threshold of 10.7 euros per share while keeping an upside potential up to an undisclosed level. .Says will book 213 million euros ($238.71 million) from the transaction which it will use to pay down a 1.088 billion euros ($1.22 billion) loan linked to its Repsol stake..
Interoil Corp : Interoil shareholders overwhelmingly approve Exxonmobil transaction . Interoil Corp says shareholders approve Exxonmobil transaction . Of votes cast at special meeting, more than 80 percent were in favor of proposed transaction .Transaction is expected to close by end of september 2016.
Tata Motors Ltd : Tata motors and Castrol sign new agreement to strengthen partnership Further company coverage: [TAMO.NS] ((ReutersIndia.firstname.lastname@example.org;)).
Westjet Airlines Ltd : Signs multi-year contract with suncor . Agreement will involve more than 100 weekly flights .Reached multi-year agreement as primary provider for Suncor Energy to fly employees and contractors to and from its oil sands operations in Northern Alberta.
Shandong Shengli Co Ltd <000407.SZ> :Says it scraps assets acquisition plan via share issue.