Presidential elections in Africa have gone through many cycles since the 1950s when Ghana became the first country […]
Aramco, a state-owned energy giant company in Saudi Arabia, plans to invest more in its Chinese partner, Rongsheng Petrochemical.
A filing to the Shenzhen Stock Exchange on Wednesday reveals that Amaraco is discussing with Rongsheng Petrochemical to acquire up to 50% stake in the latter’s subsidiary, Ningbo Chongjin Petrochemical.
Concurrently, Rongsheng, a privately owned refiner in Hangzhou is exploring ways of getting a 50% share of Saudi Aramco Jubail Refinery Company, a refinery unit in Saudi stating a memorandum of agreement signed by both parties the day before.
The companies are considering joining hands to improve and expand the equipment owned by the Chinese subsidiary which includes building the Rongsheng New Materials (Zhoushan) project.
Against the backdrop of the Caribbean, Trinidad and Tobago’s Fine Cocoa Company is setting sail into the waters […]