Latest news with #jointventures
Reuters
6 hours ago
- Business
- Reuters
Australia's Woodside Energy takes operatorship of Bass Strait assets from ExxonMobil
July 29 (Reuters) - Australia's Woodside Energy ( opens new tab said on Tuesday it will take over operatorship of the Bass Strait oil and gas assets from ExxonMobil (XOM.N), opens new tab, unlocking an estimated $60 million in synergies. The Bass Strait portfolio includes the Gippsland Basin and the Kipper Unit joint ventures. Woodside and ExxonMobil each hold a 50% stake in the Gippsland Basin, while they own 32.5% each in the Kipper Unit. ExxonMobil had been the operator of these assets until now. The change in operatorship will not affect the companies' equity interests or existing decommissioning plans and provisions, Woodside said. The company flagged future development potential under its capital allocation framework, identifying four possible wells that could supply up to 200 petajoules of gas to the domestic market. The announcement comes just weeks after the Australian government said it was considering a gas reservation policy for the east coast to help avert supply shortfalls.
Arabian Business
29-06-2025
- Business
- Arabian Business
Qatar-Saudi trade surges 65% in 2024 to reach $1.35bn
Trade between Qatar and Saudi Arabia rose sharply in 2024, with volume increasing by 65 per cent year-on-year to reach QR 4.9bn ($1.35bn), up from QR 2.97bn ($818m) in 2023, according to Qatar Chamber. The announcement was made by Rashid bin Hamad Al Athba, Second Vice President of Qatar Chamber, during a meeting in Doha with a high-level delegation from the Al-Ahsa Chamber of Commerce, led by Chairman Mohamed bin Abdulaziz Al Afaleq. The meeting focused on strengthening private sector cooperation between the two countries, particularly targeting joint ventures and investment opportunities in the Al-Ahsa region. Qatar-Saudi trade Al Athba emphasised the importance of expanding partnerships between Qatari and Saudi businesses to support sustainable economic development aligned with the National Vision 2030 of both nations. He also highlighted the Chamber's ongoing commitment to fostering closer economic ties under the leadership of both countries. Chairman Al Afaleq echoed this sentiment, praising the deep-rooted fraternal ties and encouraging collaborative efforts between the two business communities to drive regional economic integration. He extended an invitation to Qatari investors to visit Al-Ahsa and explore the investment potential of the Al-Ahsa Oasis, one of the largest natural oases in the world. The session included a presentation on Qatar's investment environment and concluded with bilateral meetings between Qatari and Saudi business leaders to explore future trade alliances and cooperative opportunities.
Associated Press
28-06-2025
- Business
- Associated Press
Glowing Success Dragon and Green Myanmar Dragon Announce Strategic Partnership Opportunities
Glowing Success Dragon Co., Ltd. and Green Myanmar Dragon Co., Ltd. extend an invitation to investors, regional conglomerates, and strategic collaborators for mergers, acquisitions, joint ventures, and brand licensing opportunities across their iconic product lines. Myanmar, June 28, 2025 -- A Legacy of Trust: Introducing Two Companies, One Unified Vision For over three decades, Glowing Success Dragon Co., Ltd. and Green Myanmar Dragon Co., Ltd. have been at the heart of Myanmar's consumer goods sector, shaping the market with some of the country's most beloved and enduring brands. These two sister companies are now inviting strategic partners to engage in a variety of collaboration opportunities, from mergers and acquisitions to joint ventures and brand licensing agreements. This is a chance for businesses to align with brands that are deeply rooted in Myanmar's daily life and poised for continued growth. At the core of this invitation are Myanmar's iconic hygiene and beverage products: These products not only boast strong market share but are deeply ingrained in the lives of millions of Myanmar households, making them ideal candidates for expansion and further development. Glowing Success Dragon Co., Ltd. – A Heritage of Quality and Reliability Founded in Myanmar, Glowing Success Dragon Co., Ltd. has been an anchor in the hygiene and home-care industry for decades. The company's portfolio includes popular products like Shwe Wah and Shwe Lar, two of the most trusted and widely used bar soaps in Myanmar. These soaps are made from high-quality coconut oil-based surfactants and a fabric-friendly formula, making them essential in both rural and urban communities. The company's Carbolic Soap, with its deep scent and unmistakable red hue, has established itself as the go-to solution for antibacterial and heavy-duty cleaning. Trusted by hospitals, schools, and homes alike, Carbolic Soap represents decades of consistent quality and market reliability. As a company built on family values and consumer trust, Glowing Success Dragon has established a nationwide distribution network that includes ISO 9001-certified factories and a comprehensive delivery fleet. The company's deep market penetration and reputation for quality ensure that its products reach every corner of Myanmar. Green Myanmar Dragon Co., Ltd. – Pioneering the Future of Health and Sustainability Green Myanmar Dragon Co., Ltd. represents the future of Myanmar's FMCG health beverage segment, focusing on sustainability, wellness, and green innovation. The company's flagship brands, Ice Mountain Purified Drinking Water and Vitamin Water are at the forefront of Myanmar's health-conscious consumer movement. Ice Mountain is sourced from deep-aquifer wells in the Bago Highlands and undergoes a rigorous seven-stage purification process. The product's commitment to quality and safety ensures it meets international standards, making it a trusted hydration choice for consumers seeking pure, safe water. Meanwhile, Vitamin Water is quickly gaining popularity in the ASEAN functional beverage market. Fortified with essential vitamins and electrolytes and with vibrant flavors like Dragon Fruit Lychee and Citrus Burst, it is poised to be a go-to product for millennials, office workers, and fitness enthusiasts. With zero added sugar and low-calorie content, it addresses the growing demand for healthier beverage options. Green Myanmar Dragon's commitment to sustainability is evident in its operations, which include solar energy usage and an active PET recycling program, setting the company apart as a forward-thinking and eco-conscious brand. Why Now? Why Partner With Us? 1. Market Leadership and Strong Brand Recall All five brands under Glowing Success Dragon and Green Myanmar Dragon are already household names in Myanmar, with strong consumer loyalty and top-of-mind brand equity. Our hygiene products dominate both retail and wholesale networks, while our beverages are making a significant mark in the health-conscious segment. 2. Scalable Infrastructure Our ISO 9001-certified factories, distribution fleet, and key warehousing facilities across Yangon and Mandalay ensure that we can scale our operations both regionally and internationally. With a mature supply chain and flexible operations, we're primed for growth. 3. Regulatory Compliance and Certifications All our products are FDA-approved in Myanmar, and our beverage lines adhere to ASEAN food safety guidelines. Our export dossiers are ready for international partners looking to bring our products to global markets. 4. Attractive Financials Our hygiene products offer gross margins between 25% and 32%, while our beverage lines provide up to 35% margins at the distributor level. With steady revenue and reliable cash flow, we present an attractive investment opportunity. 5. Legacy, Trust, and Local Knowledge Few companies in Myanmar possess our combination of consumer trust, family stewardship, and market expertise. This makes us a valuable partner for regional and international investors looking to tap into Myanmar's expanding market. Open to Strategic Collaborations We are actively seeking partners in the following areas: We are particularly interested in partners from ASEAN countries, South Asia, and other international investors who share our focus on quality, sustainability, and consumer empowerment. Our Vision: Scaling Legacy Together The next chapter for Glowing Success Dragon and Green Myanmar Dragon is one of expansive growth, digital transformation, and international collaboration. Our products have built a strong foundation, and we are now seeking partners who believe in purposeful growth. Together, we can: Media Contact: Yuzana Bo Saing Founder, GSD MMR Email: [email protected] Phone: +95 9 5134721/+1 240 504 0517/ +66 61519 4533 Website: Final Thought: A Legacy Rooted in Trust At a time when authenticity, quality, and sustainability are paramount, our brands represent more than just products, they symbolize a legacy of trust built over decades. If you believe in creating impactful, lasting businesses, we invite you to partner with us in expanding our vision. Shwe Wah, Shwe Lar, Carbolic Soap, Ice Mountain, Vitamin Water. Five brands. Two companies. One vision for shared success. Let's build it, together. Contact Info: Name: Yuzana Bo Saing Email: Send Email Organization: GSD MMR Website: Release ID: 89163443 In case of detection of errors, concerns, or irregularities in the content provided in this press release, or if there is a need for a press release takedown, we strongly encourage you to reach out promptly by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our efficient team will be at your disposal for immediate assistance within 8 hours – resolving identified issues diligently or guiding you through the removal process. We take great pride in delivering reliable and precise information to our valued readers.
Argaam
19-06-2025
- Business
- Argaam
Saudi energy minister says OPEC+ become major oil price guarantor
Saudi Energy Minister Prince Abdulaziz bin Salman said OPEC+ has become a key guarantor of oil prices and the sector as a whole. In his speech at the St. Petersburg Economic Forum, he also mentioned that OPEC+ is a trustworthy and successful alliance that adapts to changing conditions and has had great success maintaining oil market stability. In response to a question on whether the Kingdom and Russia would step in to replace any potential loss of Iranian oil, he said, 'We only react to realities," Reuters stated. He stated that Saudi Arabia and Russia are working together to create a climate for those wishing to invest in both countries in various ways, including through joint ventures (JVs), emphasizing the need to create a suitable investment climate despite the current circumstances.
Arab News
29-05-2025
- Business
- Arab News
Pakistan invites Japan to join mineral sector drive through joint ventures, value addition
ISLAMABAD: Pakistan has invited Japan to invest in its minerals sector through joint ventures focused on exploration, processing and value addition, with commerce minister, Jam Kamal, holding high-level meetings in Tokyo this week, the government said in a statement on Thursday. The outreach is part of Pakistan's broader push to attract foreign investment and strengthen its struggling economy. Islamabad has prioritized mining and minerals as a key sector for economic diversification, and is seeking Japanese collaboration to unlock its untapped resource potential while aligning with Tokyo's industrial needs. 'Our mineral sector remains largely underexplored,' Kamal said during meetings with officials from the Japan International Cooperation Agency (JICA), the Japan External Trade Organization (JETRO) and the Japan–Pakistan Business Cooperation Committee (JPBCC). 'We are offering Japanese partners the opportunity to participate in high-value ventures that can help build sustainable supply chains for critical minerals,' he added. The minister highlighted reserves of rare earth elements like copper, gold and other industrial minerals, positioning Pakistan as a strategic destination for resource-based cooperation. He emphasized Pakistan's openness to technology transfer, public-private partnerships and long-term frameworks that support mutual gains. In his conversation with JICA's Senior Vice President HARA Shohei, Kamal underlined the importance of aligning future development cooperation with Pakistan's industrial modernization and export-oriented growth. He acknowledged Japan's long-standing contribution of over $11 billion in areas such as energy, transport and vocational training, and called for expanded technical assistance in mineral logistics, industrial clusters and green technologies. Meeting JETRO President Susumu Kataoka and Executive Vice President Kazuya Nakajo, the minister urged greater Japanese investment in Pakistan's Special Economic Zones and export-oriented sectors. He called on JETRO to promote Pakistan's mineral sector to Japanese industry through seminars, business-to-business (B2B) outreach, and participation in trade exhibitions. At a luncheon hosted by JPBCC, Kamal encouraged deeper B2B ties and sought active Japanese input for the upcoming Pakistan-Japan Business Dialogue. 'Our doors are open,' he said. 'We see Japan not only as a partner but as a catalyst for transforming Pakistan's economic base. With your advanced technology and our resource potential, we can build future-proof industries together.' Pakistan has in recent years stepped up its diplomatic engagement with key economic partners to promote sectors such as information technology, light engineering and mineral development. The Tokyo visit marks a fresh attempt to align its resource-led ambitions with Japan's technological strengths and global supply chain priorities.
