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Industrials

Turkey Prime Minister Tayyip Erdogan

Iraqi Kurdistan enters into multi-billion-dollar energy package with Turkey

Sources who were familiar with the deal said the government of Turkey and the regional government of Iraqi Kurdistan inked a deal that would allow building of new infrastructure and cooperation in existing oil and gas resources to turn the latter into an oil and gas powerhouse.

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Bumi Plc

Bumi shareholders to decide on spin-off from Bakrie family

Shareholders will be casting their votes on December 4 on the two-step deal that would see Bakrie family of Indonesia exiting from coal producer Bumi Plc.

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Anil Agarwal

Agarwal disappointed about his USD8 billion investment in aluminum

In an interview with Bloomberg TV India, billionaire Anil Agarwal expressed his disappointment about the outcome of his INR500 billion or USD8 billion investment in his aluminum business, and even commented that doing business in India is more difficult than elsewhere.

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Trevali Mining Corp

Canadian mining firm Trevali completes USD46-million financing

Canada-based base metals mining firm Trevali Mining Corp announced the closing of a USD46-million financing through the offering of 55.4 million of its shares priced at USD0.83 apiece.

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Petrominerales Ltd

Canadian firm Pacific Rubiales completes Petrominerales acquisition

Canadian gas and oil producer Pacific Rubiales Energy Corp (PREC) announced that it has closed the acquisition of light oil and pipeline firm Petrominerales Ltd.

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Exxon Mobil

Exxon to exit 25% stake in Iraq oilfield to PetroChina

US oil major Exxon Mobil will sign over its 25% stake in Iraq's West Qurna1 oilfield project to China's largest energy company PetroChina. Exxon previously offered to sell its entire stake in the oilfield following a disagreement with Iraq's central government.

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Octanex

Octanex targets mining assets in Philippines and Indonesia in merger

Australia-based gas and oil explorer Octanex said the main reason for its merger with Peak Oil & Gas was the latter's access to exploration projects in the Philippines and in Indonesia.

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Golub Capital

Golub Capital gives USD 193 million loan facility to Aurora Capital Group for NTS purchase

Golub Capital announced that it provided a USD 193 million one-loan debt facility to Los Angeles-based private equity firm Aurora Capital Group to support its National Technical Systems Inc acquisition.

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Sinopec

Sinopec, Apache eye Kitimat investment in Canada -sources

Chinese refiner Senopec is in discussions with American oil-and-gas firm Apache Corp regarding the purchase of a minority stake in a liquefied natural-gas (LNG) project in Canada, according to sources familiar with the matter.

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BIS Industries

Australia's Bis Industries defers planned IPO

Bis Industries on Wednesday announced that it has scrapped its planned initial public offering. The KKR-backed Australian logistics company had been looking to raise AUD500 million (USD456 million) in the IPO.

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Goldsource Mines Inc

Canadian mining firms Goldsource and Eagle Mountain Gold to merge

Rival Canadian mining companies Goldsource Mines Inc and Eagle Mountain Gold Corp agreed to merge in a deal that would see each firm hold half of the newly combined company.

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Taiwan Cement Corp

Taiwan's TCC International receives USD721 million buyout bid from parent company

TCC International Holdings Ltd said it received a buyout offer amounting to HKD5.59 billion (USD721 million) from its parent company, Taiwan Cement Corp, which owns 56.5% of TCC.

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Kian Joo Can Factory Bhd

Malaysia's Kian Joo receives MYR1.46 billion takeover bid from Aspire Insight

Malaysian packaging solutions firm Kian Joo Can Factory Bhd got a MYR1.46 billion cash takeover bid from privately owned company Aspire Insight Sdn Bhd at MYR3.30 per share.

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Oil rig platform in the North Sea

Amec looking to takeover Foster Wheeler

UK's Amec Plc is looking to acquire NASDAQ-listed Foster Wheeler AG. If the deal eventually pushes through, it could generate GBP5 billion (USD8 billion) for the Geneva-based engineering and power conglomerate.

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Oil drilling rig inside the Yasuni National Park

China's mission for foreign oil control evident in crude exports monopoly in Ecuador - report

A report revealed in detail based on its records how China was able to acquire control of oil of countries Venezuela, Brazil, Angola, and now OPEC member Ecuador.

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