Nigeria breaks up state oil company

Daniel J. GraeberABUJA, Nigeria, March 4 (UPI) — The state-oil company of Nigeria, burdened by corruption and revenue losses, will be split up into dozens of distinct companies, the petroleum minister said.

Gazprom gets loan from Bank of China

Daniel J. GraeberSHANGHAI, March 4 (UPI) — In a first, Russian energy company Gazprom said it secured a five-year loan from the London branch of the Bank of China for more than $2 billion.