In a significant move marking global integration in the energy sector, Saudi Arabian oil magnate, Aramco, has inked a Memorandum of Understanding (MoU) with China’s Shandong Yulong Petrochemical Co., Ltd. The pivotal agreement could see Aramco acquiring a 10% strategic equity in the Shandong-based petrochemical powerhouse, reinforcing its footprint in China’s burgeoning petrochemical landscape. Key […]
In a shocking event that left China’s eastern province of Shandong in devastation, a magnitude 5.5 earthquake struck with fury, injuring 21 unsuspecting residents and reducing 126 structures to rubble, state broadcaster CCTV unveiled. Trains Halted, Buildings Tumble: The Aftermath of the Shandong Tremor The seismic tremor, originating 10 km beneath the Earth’s crust, rumbled […]
New Zealand dairy giant Fonterra said that its two joint venture (JV) farms in China are being sold to Singapore-based AustAsia Investment Holdings for a price of $115.5 million. The sale is anticipated to be wrapped up by the end of this month. It is unconditional and doesn’t need any further regulatory approvals. The two […]