Lithuania is willing to help finance construction of an oil pipeline linking the country's only refinery to the Baltic Sea, the energy minister said, a project that could revive profits at the Polish-owned facility.
Odfjell SE has secured two loans worth a combined $190.5m it will use to refinance seven tankers in the group’s fleet and in that of its Singapore-based subsidiary.
CSSC-affiliated Waigaoqiao Shipbuilding has signed a strategic agreement with China Exim Bank where the bank will provide various financing services to a total value of RMB18bn ($2.82bn) to Waigaoqiao Shipbuilding in the next three years.
The European Commission has approved Finnish government plans to grant EUR23.44 million (USD26.11 million) towards the EUR81 million total cost of building an LNG bunkering terminal at Pori on the Nordic country's west coast.
US-based Primesouth, a leader in power plant services, has won a five-year, $339 million contract from Lebanon’s Ministry of Energy and Water to operate and maintain the Zahrani and Deir Amar power plants, a report said.
The world's biggest oil producer is spending as much now as it did before the crash in crude prices signalling no surrender in Saudi Arabia's battle with rivals.