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BP Acquires Full Control of Bioenergy Venture in Brazil for $1.4 Billion
BP has finalized a deal to purchase Bunge’s 50% stake in the BP Bunge Bioenergia joint venture for $1.4 billion. This acquisition grants BP full control, significantly bolstering its role in the global renewable energy landscape, particularly in biofuels. Set to complete by late 2024, this strategic pivot underlines BP’s enhanced focus on green energy […]
Venezuela and Spain Forge Oil Industry Alliance
Venezuela’s PDVSA and Spain’s Repsol have teamed up, aiming to boost Venezuela’s oil sector. Their joint venture, Petroquiriquire, represents a significant commitment to mutual development. Rafael Tellechea, Venezuela’s Oil Minister and President of PDVSA, led the agreement signing in Caracas with Repsol’s representatives. Francisco José Gea, Manager of Repsol Exploration, emphasized the partnership’s role in […]
Panama’s Food Shortage Worsens, Supply Chain Disrupted
In Panama, a vegetable shortage at the pivotal Merca Panamá market is causing scarcities of essential foods like lettuce and potatoes, leading to rising prices. Bloomberg Línea reports the shortage links to protests. They’re against a law favoring First Quantum Minerals. This law allows 40 more years of mining. Critics say it was rushed and […]