Monday, April 30, 2007
CARACAS, Venezuela (AP) -- Forcing Big Oil to give up control of Venezuela's most promising oil fields this week will be relatively easy for President Hugo Chavez, but he will face a more delicate challenge in getting the world's top oil companies to stay and keep investing. If Chavez can persuade companies to stick around despite tougher terms, Venezuela will be on track to develop the planet's largest known oil deposit, possibly to surpass Saudi Arabia as the nation with the most reserves....
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Monday, April 30, 2007
KUALA LUMPUR (Reuters) - Malaysian tycoon Ananda Krishnan
plans to buy out the country's largest mobile operator, Maxis
Communications (MXSC.KL), the firm said on Monday, in a deal
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Monday, April 30, 2007
NEW YORK (Reuters) - Commercial real estate investors and
executives believe private equity firms will continue buying up
large portfolios of properties over the next year, according to
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Monday, April 30, 2007
Forcing Big Oil to give up control of Venezuela's most promising oil fields this week will be relatively easy for President Hugo Chavez, but he will face a more delicate challenge in getting the world's top oil companies to stay and keep investing.
If Chavez can persuade companies to stick around despite tougher terms, Venezuela will be on track to develop the planet's largest known oil deposit, possibly to surpass Saudi Arabia as the nation with the most reserves.
If he scares them away, the Orinoco River region could end up starved of the investment and know-how needed to transform its vast tar deposits into marketable crude oil.
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Monday, April 30, 2007
IFCI, which has reported losses for many years due to high levels of bad loans, appointed consultants Ernst & Young in March to find a strategic partner.
"Offers made by Citi and Lehman are more attractive than others. A decision over the stake sale is expected by the month-end," the newspaper quoted an unnamed investment banker, who it said was directly involved in the deal.
A Citigroup spokesman could not comment immediately, while officials at Lehman and IFCI could not be reached.
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