Middle East & Africa
Tuesday, 04 December 2012 12:04
531
BAGHDAD: Iraq's oil exports fell to 2.62 million barrels per day (bpd) in November from 2.622 million bpd the previous month, the oil ministry said on Tuesday.
Iraq shipped 2.194 million bpd from the southern oil hub of Basra and 426,000 bpd from the northern fields around Kirkuk, including 10,000 barrels trucked to Jordan, oil ministry spokesman Asim Jihad said.
The average selling price for Iraqi crude for the month was $104.35 per barrel.
Recovering from decades of war and crippling sanctions, Iraq wants to boost its oil flows. The bulk of its crude oil is exported from southern Gulf ports.
With plans to double its oil production over the next three years, Iraq has passed the 3 million bpd production level for the first time in three decades and has overtaken Iran to become OPEC's second biggest oil producer after Saudi Arabia.
Copyright Reuters, 2012 ...
HAMBURG: A group of Israeli private buyers has issued an international tender to purchase 115,000 tonnes of corn, 35,000 tonnes of feed wheat, 20,000 tonnes of feed barley and 20,000 tonnes of sorghum, European traders said on Monday.
All the grains can be sourced from any origin. The tender deadline is Wednesday, Dec. 5.
Shipment was sought in early 2013.
Shipment of 30,000 tonnes of corn, 10,000 tonnes of wheat, 10,000 tonnes of barley and 20,000 tonnes of ...
ABIDJAN: The world's cocoa sector must avoid provoking a long-term glut of beans that could harm farmers' incomes as it works to head off a looming structural supply shortfall, the head of the International Cocoa Organisation (ICCO) said.
Cocoa trading companies, chocolate makers, producer countries and other actors met in top grower Ivory Coast this week to discuss ways of making the cocoa sector sustainable.
"We are not necessarily in favour of a massive increase in production ...
ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 236,000 tonnes by Nov. 18 since the start of the season on Oct. 3, exporters estimated on Monday, compared with 292,975 tonnes in the same period of the previous season.
Last season's cumulative figure includes 10,825 tonnes of late export declarations.
Exporters estimated around 44,000 tonnes of beans were delivered to the West African state's two ports between Nov 12 to Nov. 18, down from ...
ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast reached around 236,000 tonnes by Nov. 18 since the start of the season on Oct. 3, exporters estimated on Monday, compared with 292,975 tonnes in the same period of the previous season.
Last season's cumulative figure includes 10,825 tonnes of late export declarations.
Exporters estimated around 44,000 tonnes of beans were delivered to the West African state's two ports between November 12 to Nov. 18, down from ...
BAGHDAD: Iraq issued a tender on Monday to buy a minimum of 30,000 tonnes of rice with origins from the United States, Uruguay, Thailand and Argentina, sources at the Iraqi trade ministry said.
Iraq also reissued a tender to buy at least 50,000 tonnes of wheat with origins from the United States, Canada, Australia, Russia, Kazakhstan, Romania and Germany, the sources said.
The closing date for the rice tender is on Nov. 19, and Nov. 18 for ...
DUBAI: Compagnie des Bauxites de Guinee (CBG) signed a long-term supply agreement with the United Arab Emirates for the main raw material in aluminium, the Gulf country's state news agency reported late on Friday.
"The agreement with Mubadala will make a significant contribution to Guinea's economy by enabling the expansion of CBG to more than 20 million metric tons of bauxite per year," Guinean Mines Minister Mohamed Lamine Fofana was quoted as saying by the Emirates ...
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