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Shell commited to Russia expansion despite sanctions NOVO-OGARYOVO: Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian President Vladimir Putin at a meeting on Friday amid sanctions imposed on the country after its annexation of Ukraine's Crimea region. Shell plans to expand Russia's only liquefied natural gas (LNG) plant with Russian partner Gazprom, he said at a meeting at Putin's residence. "We, of course, will pledge all the necessary administrative guidance and support," Putin said in response in a meeting that was later broadcast on national television. The United States and European Union have imposed targeted sanctions against a list of Russian and Ukrainian individuals and firms in retaliation for Moscow's annexation of Crimea last month. EU and US diplomats have indicated that they may consider wider sanctions against whole sectors of the Russian economy if Russian forces were to enter Ukraine. "We are very keen to grow our position ...

Rosneft says completes Saratov oil plant maintenance after fire MOSCOW: Russia's top oil producer Rosneft on Friday said it had completed maintenance at the pumping station of its 120,000 barrels-per-day Saratov refinery after a fire. The fire broke out at the plant in Russia's Volga river region on Monday. "Maintenance and recovery work has been completed at the pumping station, where a fire broke out on March 14, the equipment was put back to work," the company said. It said that the plant has ...
Total discovers oil in deep offshore Ivory Coast PARIS: French oil major Total said on Thursday it discovered oil in a deep offshore area west of Ivory Coast. "This well is the first discovery in the San Pedro Basin, a frontier exploration area in Ivory Coast," Total senior vice president for exploration Marc Blaizot said in a statement. "Having confirmed the presence of a petroleum system containing light oil, we will next evaluate this very. Copyright Reuters, 2014 ...
Oil prices advance on Ukraine, weak dollar LONDON: Global oil prices rallied on Wednesday on Ukraine tensions and the weak dollar, and before weekly crude inventories data in top consumer the United States.New York's main contract, West Texas Intermediate (WTI) for May delivery, hit $104.82 a barrel the highest level since early March. Brent North Sea crude for June rallied to a similar one month peak at $110.20 a barrel.The WTI contract later stood at $104.69, up 94 cents from Tuesday's closing ...
Oil rises close to $110 on mounting Ukraine tension LONDON: Global oil prices rose close to $110 a barrel on Wednesday due to mounting tensions in Ukraine, but gave up some gains after an unexpectedly large build in crude stocks in the United States, the world's largest consumer of oil.Ukrainian government forces and separatist pro-Russian militia staged rival shows of force in eastern Ukraine amid escalating rhetoric on the eve of crucial four-power talks on the former Soviet state's future.Brent crude for June delivery ...
Oil prices advance on Ukraine, weak dollar LONDON: Global oil prices rallied on Wednesday on Ukraine tensions and the weak dollar, and before weekly crude inventories data in top consumer the United States.New York's main contract, West Texas Intermediate (WTI) for May delivery, hit $104.82 a barrel -- the highest level since early March. Brent North Sea crude for May rallied to a similar one month peak at $110.20 a barrel.The WTI contract later stood at $104.69, up 94 cents from Tuesday's ...
Oil prices fall as Libya prepares to resume exports LONDON: Oil prices fell on Tuesday as Libya readied to resume its crude exports after months of waiting, although a flare up in Russia-Ukraine tensions kept a lid on losses, traders said. New York's main contract, West Texas Intermediate for May delivery, slipped 33 cents to stand at $103.72 a barrel compared with Monday's closing level.Brent North Sea crude for May was down 22 cents at $108.85 a barrel in late London deals.Crude oil prices ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln