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Turkish energy minister says Iraqi Kurdistan oil exports continue ANKARA: Turkish Energy Minister Taner Yildiz said on Monday 6.5 million barrels of Iraqi Kurdish crude oil had been shipped to world markets via Turkey's Ceyhan port since exports began and that a seventh tanker was being loaded at the terminal.Yildiz said crude flow on the Kirkuk-Ceyhan pipeline had been halted as of Monday due to maintenance work. Flows through the 120,000 barrel-per-day (bpd) pipeline began at the end of 2013 but the first cargo was not loaded until May.The Kurdish Regional Government (KRG) in northern Iraq, whose peshmerga forces are being supported by US air strikes in their battle against the radical Sunni militants of the Islamic State, has been in a long constitutional fight with Baghdad over independent oil sales.Some shipments have been held up under diplomatic and legal pressure from Baghdad, but an increasing number are now finding buyers.Iraq has the world's fourth-largest oil reserves and is ...


South Korea running out of spent nuclear fuel storage space SEOUL: South Korea needs to quickly find additional space where it can store its spent nuclear fuel because some of its temporary storage capacity will be full by 2016, an independent body that advises the government on nuclear issues said on Monday. The country has 23 nuclear reactors supplying about a third of its power. Seoul has been under pressure to cut its reliance on nuclear power since late 2012 when safety scandals led to ...

Turkish energy minister says 6.5mn barrels of Iraqi Kurdish oil exported ANKARA : Turkish Energy Minister Taner Yildiz said on Monday that 6.5 million barrels of Iraqi Kurdish crude oil had been shipped to world markets via Turkey's Ceyhan port since exports began. Yildiz said that crude flow on the Kirkuk-Ceyhan pipeline had been halted as of Monday due to maintenance work. Flows through the 120,000 barrels per day pipeline began at the end of 2013 but the first cargo was not loaded until May. Copyright ...

Asia Naphtha: Kuwait sells prompt cargo; premium slumps SINGAPORE: Kuwait Petroleum Corp (KPC) has sold a prompt naphtha cargo to Vitol at about $6 a tonne above Middle East quotes on a free-on-board (FOB) basis, the lowest premium the Middle East refiner received this year, traders said on Monday. KPC sold the 25,000-tonne full-range naphtha cargo last Friday for Aug. 27-28 loading to the European trading house. KPC had previously sold 50,000 tonnes of full-range naphtha for Sept. 20-30 loading at a premium ...

Shangai stock index hits 8-month high despite worries over economy SHANGHAI: China's stock indexes rose on Monday, with the Shanghai Composite Index touching its highest in eight months despite concerns about the health of the economy. Both the CSI300 index of leading Shanghai and Shenzhen A-share listings and the Shanghai Composite rose 0.6 percent, to 2,374.6 and 2,239.5, points respectively. It was the highest close for the SSEC since December 2013. Media-related companies posted big gains in both Shanghai and Shenzhen on Monday, though the ...

Oil prices down in Asian trade SINGAPORE: Oil prices eased in Asian trade Monday, but retained support from the latest round of tensions between Ukraine and Russia which sparked concerns of a full-scale military conflict, analysts said.US benchmark West Texas Intermediate for September delivery was down 62 cents at $96.73 while Brent crude for October fell 92 cents to $102.61 in afternoon trade.Desmond Chua, market analyst at CMC Markets in Singapore said oil prices were supported by news on Friday that ...

Brent falls below $103 on higher Libyan output, lower geopolitical risk SINGAPORE: Brent crude fell below $103 a barrel on Monday as Libya increased its oil output and as worries over supply from key producer Iraq eased. The drop came following a jump of more than $1 a barrel in benchmark prices on both sides of the Atlantic on Friday amid fresh tensions in Ukraine, where government forces engaged a Russian armoured column. "There was a scare on Friday, but investors realised over the weekend that ...


 



 
Index Closing Chg%
Arrow DJIA 17,122.01 0.09
Arrow Nasdaq 4,569.62 0.02
Arrow S&P 2,000.12 0.01
Arrow FTSE 6,830.66 0.12
Arrow DAX 9,569.71 0.19
Arrow CAC-40 4,395.26 0.04
Arrow Nikkei 15,534.82 0.09
Arrow H.Seng 24,918.75 0.62
Arrow Sensex 26,560.15 0.44





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln