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Blast-hit Exxon refinery recently cited for violations NEW YORK: The Exxon Mobil Corp refinery in Torrance, California, that was hit by an explosion this week was cited in November for eight serious violations following state inspections last year, according to documents released on Thursday.The blast and blaze that ripped through a gasoline processing unit at the refinery near Los Angeles on Wednesday injured four workers slightly. It prompted schools in the area to keep students and staff indoors as a precaution.On Nov. 24, California's Division of Occupational Safety and Health, better known as Cal/OSHA, cited the refinery for eight serious and 17 general violations and fined Exxon Mobil $41,320, according to the documents.The citation, which Exxon appealed, resulted from 10 routine inspections of the facility.A serious violation is defined as one that could result in serious injury or death.Exxon Mobil spokesman Todd Spitler said that after an extensive review of the initial findings, Cal/OSHA cited the refinery ...

Oil edges-up as US rig count likely to fall further TOKYO: Oil markets edged up on Friday to halt a two-day drop, helped by expectations that data later in the day would show a continuing decline in the US oil rig count, a clear sign of the pressure the tumble in crude has put on oil producers.A weekly survey by Baker Hughes last week showed the US oil rig count fell to its lowest since August 2011, though government data indicated US oil output has ...
Oil prices fall after another rise US inventories NEW YORK: Oil prices fell Thursday after the US government reported crude inventories increased again to record highs, adding to concerns about the global supply glut.US benchmark West Texas Intermediate (WTI) for delivery in March dropped 98 cents to close at $51.16 a barrel, after shedding nearly $1.40 on Wednesday.In London, Brent North Sea crude for April delivery settled at $60.21 a barrel, down 32 cents from the prior trading session.WTI futures dropped sharply in ...
Oil down but sharply off early loss; stock build less than feared NEW YORK: Oil prices fell for a second day on Thursday, after the U.S. government reported another record high in crude inventories, but prices bounced sharply off session lows on relief the builds were less than an industry group had estimated.Prices also retraced losses as investors covered more short positions in U.S. crude futures a day ahead of the expiry of the front-month contract.U.S. commercial crude oil inventories rose 7.7 million barrels last week to ...
Oil recoups most early losses as US stock build less than feared NEW YORK: Oil prices recovered much of their early losses Thursday after weekly stock builds turned out to be less than some had feared, although the U.S. government reported another record high in crude inventories.Traders said U.S. crude futures were also seeing short-covering ahead of the expiry of its front-month contract.Brent was down 20 cents at $60.33 a barrel by 2:22 p.m. EST (1818 GMT), after falling as low as $57.80 earlier. On Tuesday, it ...
Oil pares losses as US stock build less than feared NEW YORK: Oil prices fell on Thursday after the US government reported record high crude inventories, but the market still came off its lows as weekly stock builds turned out to be less than feared.U.S. commercial crude oil inventories rose 7.7 million to a record 425.6 million barrels last week, the sixth straight week levels reached seasonal record highs, the Energy Information Administration (EIA) said.The build was more than double the 3.2 million barrels expected ...
US crude prices fall sharply as inventory grows TOKYO: US oil futures tumbled more than 3 percent on Thursday to a one-week low around $50 a barrel after data showed a surprisingly sharp build in US crude inventories.US crude for March delivery fell to a session low of $50.23 a barrel, down almost $2 from Wednesday's settlement. The contract was trading down $1.51 at $50.63 by 0006 GMT, after settling down $1.39 on Wednesday.London Brent crude for April delivery was yet to trade, ...

 



 
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ICT 2014


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