Economics
ITT completes acquisition of SPX FLOW
In December 2025, ITT announced it had entered into a definitive agreement to purchase SPX FLOW for a total consideration of $4.775 B, funded through a combination of cash and equity.
Angola's state oil firm Sonangol seeks $4.8-B loan from China for refinery
The financing, if completed, will mark the first borrowing by the Southern African oil producer from China since 2017, when it opted to reduce its exposure to resource-backed loans.
UK targets Russia's Transneft in new sanctions on Ukraine war anniversary
The West has imposed tens of thousands of sanctions on Russia, including its oil sector, but has failed to bring Russian oil exports down by any significant amount. China, India and Turkey still buy Russian oil.
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Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
