Eni signs offshore exploration deal with Ras Al Khaimah

Ras Al Khaimah: Eni SpA has signed an exploration and production agreement with the emirate of Ras Al Khaimah, a further push by the Italian company into the Middle East. The deal between the Rome-based hydrocarbons producer and RAK Petroleum Authority will cover Block A, which includes an area of 2,412 square kilometres off the […]

In the city of Gouda, Dutch cheesemakers worry about US tariffs

GOUDA, Netherlands Surrounded by 15-kg (33lb) wheels of cheese ready to be carted away in horse-drawn carriages, a dairy farmer in the Dutch city of Gouda faces off against a cheese trader wearing traditional wooden clogs. Staring each other in the eyes, they clap their hands together until they seal a deal, recreating an auction […]

Reliance: reports of cash payment for Venezuela oil false

Mumbai: Reliance Industries Ltd. does not have any arrangement to buy crude oil from Venezuela’s state-owned oil company, PDVSA, for payment in cash to third parties and media reports of such a mechanism are false, the company said in a statement. “Reliance has purchased Venezuelan crude oil from companies such as Rosneft long before the […]