Israel Chemicals Ltd, known as ICL, will acquire Allana Potash Corporation for $137 million. Allana’s CEO, Farhad Abasov, commented that there was no other way
Category: News
Mounting Concerns in Oil Sector due to Yemen Bombing
Although Yemen is only a minor oil producer accounting for about 0.2 percent of the world’s oil production, recent bombing of the country by Saudi
China-Belaruskali Deal Shakes up the Potash Industry
The decision of Belarus’ potash giant Belaruskali to sell its potash to the Chinese for $315 a tonne by mid-2015 has shaken up the potash
Iran Stores 30 million Barrels of Oil on its Tankers Offshore
Iran has been reported to be storing at least 30 million barrels of oil on its fleet of tankers as West-imposed sanctions keep on making
Acquisitions of Small Oil Firms Setto Pick Up
Major energy companies have sold unprecedented amounts of debt in early 2015, taking advantage of very low interest rates after oil prices plunged more than
Norway’s Statoil Unveils its Government Payments Worldwide
Norway’s oil and gas company, Statoil, disclosed how much money it paid to the governments around the world in 2014. The 35-page report called “2014
Chile’s SQM Fertilizer Fires its CEO
SQM fertilizer, producer of specialty fertilizers and inorganic industrial chemicals headquartered in Chile, has recently fired its chief executive officer, Patricio Contesse, after he was
Potash Corp’s Shares Fall due to Saskatchewan’s New Tax Measures
Shares of Potash Corporation of Saskatchewan started sinking yesterday morning (19 March) after the company had announced that new provincial tax measures will decrease its
IEA’s Good News: Greenhouse Emissions Stalled Last Year
According to the International Energy Agency (IEA), the world’s emissions of carbon dioxide from the energy sector stalled in 2014 for the first time in
South Korea’s Crude Imports from Iran Drop by a Half
According to the preliminary customs data, South Korea decreased its imports of crude oil from Iran by 50 percent between February 2014 and February 2015.