Online Newspaper News

Mexico's finance minister said on Thursday that if state oil giant Pemex opted to sell its 9.3 percent stake in Spanish peer Repsol, it would "not be a bad decision" because the money could be invested in Mexico. In an interview with Mexican radio, Finance Minister Luis Videgaray said Pemex's board would take the decision on whether to sell the stake in Repsol. "Irrespective of what the board decides, if the decision is to disinvest in a company like Repsol that operates outside of Mexico so as to get this capital and invest it in the opportunities which Pemex will have in Mexico, it wouldn't be a bad decision," Videgaray said. Pemex…

Marine salvors plan to airlift oil from the abandoned oil-leaking cargo ship 'Kiani Satu' stranded off the beach at Buffels Bay, near Knysna, on the Western Cape of South Africa. The Johannasburg online newspaper 'Times Live' citing SAMSA spokesman Captain Nigel Campbell, reports that salvors are currently drilling into [bunker] tanks to take the fuel oil out, but as it has not been heated for a week they plan to put it into plastic tanks and fly it off the ship using helicopters. The 168m bulk carrier has 330 tonnes of fuel on board and a cargo of 15,000 tonnes of rice.