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Statoil makes small oil discovery in the North Sea OSLO: Norwegian energy firm Statoil has made a small oil discovery in the northern part of the North Sea, the Norwegian Petroleum Directorate said on Monday.The well, drilled about 25 kilometres southwest of the Oseberg South field, encountered an oil column of a total of 80 metres estimated to hold between 6 and 19 million barrels of oil equivalents.Statoil holds 50 percent in the license 035, where the discovery was made. The other partners include Svenska Petroleum Exploration and Det norske, each holding 25 percent.Copyright Reuters, 2014


Russian gas flows to Ukraine stable: Ukrtransgaz KIEV: Russian natural gas flows to Ukraine have been stable since Dec. 9, when Gazprom resumed supplies after a six-month gap caused by a price dispute and unpaid debts, Ukraine's gas transport monopoly said on Monday."The supplies are stable. Ukraine received 23.4 million cubic metres (mcm) of Russian gas on December 20," Ukrtransgaz spokesman Maxim Belyavsky said.Ukraine has had to cope with low temperatures and a lack of fuel to produce enough power to cover ...

Brent crude climbs toward $63 amid stronger Asian markets SINGAPORE: Brent crude futures rose more than 2 percent toward $63 a barrel on Monday as Asian markets firmed into a holiday-shortened week and consensus spread that prices would likely remain above $60 for the rest of the year.MSCI's broadest index of Asia-Pacific shares outside Japan extended gains and was up 1.4 percent. Japan's Nikkei pared early gains but managed to eke out a 0.1 percent rise ahead of a Japanese public holiday on Tuesday, ...

Refiner Neste Oil lifts profit outlook on US tax credit HELSINKI: The Finnish oil refiner Neste Oil has lifted its full-year profit guidance by about 37.5 percent on the back of a reinstatement of the renewable fuel tax credit in the United States, favourable business performance and a one-off gain.Neste said in a statement on Saturday it expects its 2014 comparable operating profit to be above 550 million euros ($672 million), after a previous forecast of above 400 million euros. The US blender's tax credit, ...

Vietnam will license $22bn refinery in early 2015 HANOI: Vietnam will grant a licence for a $22 billion refinery and petrochemical complex by Thai top energy company PTT Pcl and Saudi Aramco, the world's biggest oil producer no later than February 2015, a Vietnamese government official said on Monday.PTT and Aramco will each fund 50 percent of the project, should the firms fail to find any Vietnamese counterpart, said Man Ngoc Ly, head of the Nhon Hoi economic zone in the central province ...

Brent crude climbs above $62 amid stronger Asian markets SINGAPORE: Oil prices rose on Monday as Asian markets opened strongly into a holiday-shortened week and consensus spread that Brent crude futures would likely remain above $60 for the rest of the year. MSCI's broadest index of Asia-Pacific shares outside Japan extended gains and was up 1.4 percent. Japan's Nikkei pared early gains but managed to eke out a 0.1 percent rise ahead of a Japanese public holiday on Tuesday, while Australian shares surged 1.9 ...

Brent crude climbs above $62 amid stronger Asian markets SINGAPORE: Oil prices rose on Monday as Asian markets opened strongly into a holiday-shortened week and consensus spread that Brent crude futures would likely remain above $60 for the rest of the year.MSCI's broadest index of Asia-Pacific shares outside Japan extended gains and was up 1.4 percent. Japan's Nikkei pared early gains but managed to eke out a 0.1 percent rise ahead of a Japanese public holiday on Tuesday, while Australian shares surged 1.9 percent.Brent ...


 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln