The Organization of the Petroleum Exporting Countries (OPEC) has offered Russia to become its member, but Russia will remain an observer in the group, Rosneft CEO Igor Sechin has said. Due to climate, Russia is unable to regulate oil production swiftly, he added. Source: Tass
Saudi Aramco said on Thursday it is looking to buy a stake in Saudi petrochemical maker SABIC, a move that could boost the state oil giant’s market valuation ahead of a planned initial public offering. Source: Reuters
Mexican Economy Minister Ildefonso Guajardo said on Wednesday that the goal of Canada, the United States and Mexico is to be in a position to sign a new North American Free Trade Agreement (NAFTA) by the end of November. Source: Reuters
Iran has built a factory that can produce rotors for up to 60 centrifuges a day, the head of its atomic agency said on Wednesday, upping the stakes in a confrontation with Washington over the Islamic Republic’s nuclear work. Source: Reuters
