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Friday, 27 January 2012 |
Mexico’s state-run oil firm, Pemex, has said that it is making progress on an industrial accord with Repsol YPF following a long boardroom battle. The proposed agreement will see Pemex maintaining its stake in Repsol at between 5% and 10%, while the two sides will also seek opportunities to collaborate on mutually beneficial projects.
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Friday, 27 January 2012 |
Hungarian oil firm MOL has said that a European Union ban on importing Iranian oil through Italian subsidiary IES will not significantly affect its business.
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Friday, 27 January 2012 |
Essar Energy has renewed an agreement to import crude oil from Iran for another five years, according to The Hindu. Speaking to the newspaper, which did not name its sources, a company spokesman declined to comment on the specifics of a deal. However, he added that “Essar Oil continues to be able to source the crude that it requires from Iran.”
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Friday, 27 January 2012 |
Itochu and Family Mart have teamed up to allow Japanese consumers in earthquake-affected areas to shop by exchanging their Reconstruction Assistance Housing Eco-points for new Eco-point Exchangeable Shopping Coupons.
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Friday, 27 January 2012 |
Members of Nigeria’s Senate Committee on Petroleum Downstream have sharply criticised the condition of the country’s Kaduna refinery following a visit to the facility. Speaking to the media, Senator Magnus Abe (pictured) said that Kaduna was operating at below 30% of its capacity, with several plants not functioning.
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Friday, 27 January 2012 |
HOVENSA has confirmed that it will shut down its refinery at St Croix in the US Virgin Islands. The facility will be changed to operate as an oil storage terminal.
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Friday, 27 January 2012 |
As part of its overall loyalty programme, ExxonMobil plans to launch a pilot test of Shopkick, a smartphone app that awards consumers points just for entering a store. More points can then be earned by scanning a product's barcode or making purchases, and users can then exchange these points at any retailer that is part of the Shopkick alliance, which includes Home Depot, Target, Macy's, Toys R Us, Old Navy and Best Buy, as well as more than 30 large brands such as Gerber, Procter & Gamble, Revlon and Levi’s.
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