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Libyan oil export revenue still going to NOC in Tripoli: official BENGHAZI: All Libyan oil export revenue is still being paid under contracts with National Oil Corp (NOC) in Tripoli, a top oil official in the internationally recognised government said on Wednesday.The government on Tuesday asked all customers to deal with a new state oil firm in the east rather than Tripoli where a rival government is in control.Clarifying the statement, Al-Mabrook Bou Seif, head of NOC in the east belonging to the recognised government, said oil cargoes were still being paid under the old system via NOC in Tripoli and the central bank.His state company wanted to change the payment system but was still awaiting government approval, he said.Copyright Reuters, 2015


Abu Dhabi's Mubadala Petroleum to explore big Morocco offshore area DUBAI: Abu Dhabi's Mubadala Petroleum said on Wednesday that it had agreed with the Moroccan government to evaluate the hydrocarbon potential of a large area off Morocco's Mediterranean coast.The company, a subsidiary of Abu Dhabi state-owned fund Mubadala Development Co, obtained an exclusive licence to carry out a detailed geological survey of the Mediterranee Ouest area, which comprises 3,433 square kilometres (1,325 square miles).Mubadala Petroleum will provide the Moroccan government with the results of the ...

Indonesia awards oil blocks to Shell, Petronas, Pertamina JAKARTA: Indonesia's state-owned Pertamina, Royal Dutch Shell, and Malaysia's Petronas were among the companies awarded Indonesian oil and gas blocks in its latest offering of exploration concessions, government officials said on Wednesday.In the tender round, Indonesia offered 13 conventional and three unconventional oil and gas blocks. It was not yet clear which blocks were awarded to the three major oil firms.Copyright Reuters, 2015

Oil prices extend losses in Asia SINGAPORE: Oil prices extended their losses in Asia Wednesday to new six-year lows on expectations US crude stockpiles will rise further, in a market already awash with supplies, analysts said.US benchmark West Texas Intermediate for April delivery eased 83 cents to $42.63 in afternoon trade, the lowest level since March 2009.Brent crude for May fell 14 cents to $53.37 a barrel."We expect the US stockpiles to increase further and this will exacerbate the market's supply ...

Oil prices extend losses in Asia SINGAPORE: Oil prices extended their losses in Asia on Wednesday to stay at six-year lows on expectations US crude stockpiles will rise further, in a market already awash with supplies, analysts said.US benchmark West Texas Intermediate for April delivery eased 80 cents to $42.66 in mid-morning trade, the lowest level since March 2009.Brent crude for May fell 20 cents to $53.31 a barrel."We expect the US stockpiles to increase further and this will exacerbate the ...

Oil falls on prospect of another rise in US inventories NEW YORK: Oil prices fell Tuesday as traders expected a key US stockpiles report to show another increase to a new record high.US benchmark West Texas Intermediate (WTI) for April delivery shed 42 cents, closing at $43.46 a barrel, a six-year low.In London, Brent North Sea crude for May delivery, the global benchmark, fell 43 cents to $53.51 a barrel.Earlier in the day WTI had fallen as low as $42.63 as traders braced for Wednesday's ...

Europe Gasoline/Naphtha: Gasoline firms on strong overseas demand LONDON: Gasoline refining margins in northwest Europe rose on Tuesday supported by demand from West Africa, the Americas and Asia. Analysts at JBC Energy said in a note on Tuesday that gasoline margins worldwide were supported by US refinery maintenance and outages as well as rising demand from Asia.They did, however, sound a note of caution in the near future pointing to "a light maintenance schedule on both sides of the pond (that) could see ...


 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln