China Petroleum & Chemical Corp. (SHA:600028, HKG:0386), d/b/a Sinopec, secured approval for proven geological reserves of about 235.687 billion cubic meters of gas at the Ziyang Dongfeng field.
The company said late Wednesday that the project, as approved by the Ministry of Natural Resources of China, will be the country's first ultra-deep, 100-billion-cubic-meter-level shale gas field.
Indonesia and Russia agreed on trade, economic, and technological cooperation on Tuesday, The Jakarta Globe reported Wednesday.Indonesia's Chief Economic Minister Airlangga Hartarto and Russian First Deputy Prime Minister Denis Manturov reportedly signed a related agreed minutes document on Tuesday after a 14th joint commission meeting between the nations.The document will give the countries a framework to work on various initiatives under the bilateral collaboration, according to the report.The cooperation encompasses various priority sectors, including trade and investment, renewable energy, transportation, construction, tourism, healthcare, higher education, and more.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Smruthi Organics (BOM:540686) fixed July 31 as the record date to determine shareholders eligible for a dividend of 1.50 rupees per share for the financial year ended March 31, according to a Thursday filing on Indian bourses.
Shashijit Infraprojects Ltd (BOM:540147) received two letters of intent for civil construction works, according to separate filings on Thursday.The company received an order worth 40 million rupees to 45 million rupees from Mehul Roadways for the construction of an industrial shed building, the filing said.The other order worth 30.6 million rupees, from Fortune Dreamcon, is for the construction of row houses, the company said in a separate filing.Both projects are scheduled to be executed within 12-15 months, the filings said.