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Ranhill Energy prices share sale at top end: source KUALA LUMPUR: Malaysia's Ranhill Energy & Resources Bhd has raised about 753 million ringgit ($237.02 million) in a share sale, pricing the deal at the top of expectations, a source with direct knowledge of the deal said on Monday.Ranhill, which plans to use the proceeds to repay debt and expand into China's water industry, priced the initial public offering (IPO) at 1.85 ringgit per share versus an indicative price range of 1.70-1.85 ringgit, said the source, who was not authorised to speak publicly on the matter.IPOs and secondary share offerings have picked up in Malaysia due to an easing in political uncertainty after general elections in May.AirAsia X Bhd made its debut last week and UMW Holdings Bhd is planning to list its oil and gas unit by the end of the year in a deal set to raise up to $1 billion, the country's largest this year.Ranhill and investment ...

Kuwait discovers new oil and gas field: top official KUWAIT CITY: The Gulf state of Kuwait has discovered a new oil and gas field in Kabed area close to the well-known Manageesh oilfield, Hashem Sayed Hashem, CEO of state-owned Kuwait Oil Co said on Monday.Hashem gave no estimates of the reserves in the field located in western Kuwait but told the official KUNA news agency that more details would be released at a later date.OPEC member Kuwait is pumping around 3.0 million barrels per ...
Oil prices turn higher in Asian trade SINGAPORE: Oil reversed earlier losses to rise in Asian trade Monday after China's economy grew in line with market expectations for the April-June quarter.New York's main contract, West Texas Intermediate (WTI) for delivery in August, was up 22 cents to $106.17 a barrel in mid-afternoon trade, while Brent North Sea crude for August climbed six cents to $108.87.Earlier losses were erased by the news out of Beijing, which showed gross domestic product expanded 7.5 percent ...
Brent rises towards $109 as China growth meets forecast SINGAPORE: Brent futures rose towards $109 a barrel on Monday as demand growth worries ebbed after data from China showed the world's second-biggest economy expanded in line with expectations.China's GDP grew 7.5 percent in April-June, and while that marked a slow down in nine of the last 10 quarters, the showing was a relief for many investors who were primed for a downside surprise. Industrial output was slightly less than forecast, but crude runs in ...
China's June crude runs at 4-month high, despite slowing economy BEIJING: China's processing of crude in refineries in June rose 10.8 percent from a year earlier to 9.636 million barrels per day (bpd), the highest daily output since February, as refineries boosted production after maintenance in April and May.The data shows steady demand for crude in the world's second-biggest oil consumer despite a sluggish economy, likely lending support to prices.The daily rate was up 4.7 percent, or 436,000 bpd, versus the 9.2 million bpd level ...
Oil extends losses on profit-taking SINGAPORE: Oil prices extended losses on profit-taking in Asian trade Friday following sharp gains powered by the US central bank's pledge to retain its massive bond-buying programme, analysts said.New York's main contract, West Texas Intermediate (WTI) light sweet crude for delivery in August, eased 11 cents to $104.80 a barrel in afternoon trade, while Brent North Sea crude for August delivery shed eight cents to $107.65.WTI hit a 15-month high of $107.45 in New York ...
Oil prices slip on profit-taking SINGAPORE: Oil prices slipped in Asia on Thursday as traders took profits from gains fuelled by a bigger-than-expected drop in US crude inventories, analysts said. New York's main contract, West Texas Intermediate (WTI) light sweet crude for delivery in August, was down 25 cents to $106.27 a barrel in morning trade.Brent North Sea crude for August delivery shed 32 cents at $108.19.WTI crude had leaped $2.99 in late New York trade Wednesday, as the market ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln