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Domestic News


USDOT Issues Rule Authorizing Bulk Transport of LNG by Rail

The U.S. Department of Transportation (USDOT) and the Pipeline and Hazardous Materials Safety Administration (PHMSA), in consultation with the Federal Railroad Administration (FRA), issued on June 19 a final rule authorizing the bulk transportation of liquefied natural gas (LNG) by rail.

US Rail Volumes Inch Higher Sequentially

U.S. weekly rail traffic inched higher sequentially last week as nationwide retail figures and housing starts showed glimmers of increased economic activity.

House T&I Committee Approves INVEST in America Act

The INVEST in America Act, "which enables the completion of critical projects through long-term, sustainable funding and is fueled by American workers and ingenuity thanks to strong Buy America provisions and labor protections," the committee noted, authorizes nearly $500 billion over five years to address some of the country’s most urgent infrastructure needs.

International News


Saudi Aramco Completes $69 Bln SABIC Stake Deal, Extends Schedule

Saudi Aramco has completed the acquisition of a 70% stake in petrochemicals company Saudi Basic Industries (SABIC) for $69.1 billion from the PIF sovereign fund and has extended the payment period to 2028, the oil giant said on Wednesday.

Khalid Al-Dabbagh Joins SABIC as Chairman

Saudi Basic Industries Corporation (SABIC) names Khalid Al-Dabbagh as new board chairman. Khalid Al-Dabbagh is currently Senior Vice President of Finance, Strategy and Development at Saudi Aramco since 2018.
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