Fridman’s investment company, LetterOne, has pulled out of an U.S. investment to avoid resistance from an unexpected corner — the Trump administration. LetterOne’s L1 Energy unit recently walked away from a deal to buy Texas oil producer ExL Petroleum Management LLC for about $700 million over concerns the plan could be rebuffed by the Committee on Foreign Investment in the U.S., or CFIUS, the government panel that reviews deals for national security risks.
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See AllWoodside Petroleum is raising $2.5 billion from shareholders to fund its purchase of an additional stake in Western Australia’s Scarborough gas field and expansion of other gas projects. Woodside will
By Vivian Nereim, Wael Mahdi and Elena Mazneva on 2/14/2018 RIYADH, KUWAIT and MOSCOW (Bloomberg) — Russia and Saudi Arabia are seeking ways to amplify the success they’ve had working together to mana
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