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‘Foreign labour in Singapore is more than just numbers’

Bloomberg Singapore should remain open to adjusting levels of foreign workers while not threatening job and wage opportunities for native residents, Monetary Authority of Singapore Managing Director Ravi Menon said. “It is not about how many foreign workers industry wants or society can afford to have, but what number and kind of foreign workers we need to maximise the job ...

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Top Indian oil explorer plans to raise $5.48bn to buy HPCL

Bloomberg India’s biggest oil and gas explorer has widened its first debt-raising plan to as much as $5.48 billion to buy state-run refiner Hindustan Petroleum Corp. Oil & Natural Gas Corp’s board has approved raising as much as 350 billion rupees in loans to buy the government’s 51.1 percent stake in HPCL, Chairman Shashi Shanker said in New Delhi. That ...

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Iraq, Orion sign deal on natural gas processing

BAGHDAD / Reuters Iraq agreed a deal with US energy company Orion on Monday to process natural gas extracted at its giant Nahr Bin Omar oilfield. The memorandum of understanding, signed in Baghdad by representatives of the oil ministry and the US company, will allow Orion Gas Processors to build facilities to capture the gas from the field located in ...

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