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Gazprom proposes extending Ukraine gas deal for three months MOSCOW: Russian gas giant Gazprom on Monday offered to extend a supply deal with Ukraine for another three months ahead of a looming deadline that had raised fears for deliveries to Europe. Ukraine's gas operator Naftogaz said earlier that it had asked Gazprom to prolong an agreement -- inked after a cut-off last year that followed a collapse in relations between the ex-Soviet neighbours -- to spring 2016. A pact covering the crucial winter months -- that Moscow says gives Kiev a discount -- is due to end Tuesday but the arrival of spring has eased demand from Ukraine and pressure on negotiators."Gazprom today sent a letter to the Russian government asking it to study the possibility of granting a discount on gas to Ukraine for a period of three months," Gazprom chief Alexei Miller told Russian state television. Miller said the three-month period was "optimal" ahead of price fluctuations ...

Oil prices drop on prospect of Iran nuclear deal LONDON: Global oil prices sank Monday as traders mulled a potential deal over key oil producer Iran's controversial nuclear energy programme that could worsen the global supply glut, analysts said.Foreign ministers of Iran and major world powers meeting in the Swiss city of Lausanne raced to beat a midnight Tuesday deadline to nail down a framework deal they hope will put an atomic bomb out of Tehran's reach.In late afternoon London deals on Monday, Brent ...
Oil eases as big powers negotiate with Iran LONDON: Oil prices slipped on Monday as officials from Iran and six world powers discussed a possible deal over Tehran's nuclear programme that could bring an end to sanctions and allow an increase in Iranian oil exports.The two sides have until the end of Tuesday to come up with an agreement at talks in Lausanne, Switzerland.Officials close to the talks have said progress has been made and many investors believe a deal is in the ...
Oil prices drop as oversupply fears outweigh Yemen LONDON: Oil sank Monday as an oversupplied market offset concerns over unrest in the crude-rich Middle East, where Saudi-led warplanes have struck rebel targets in Yemen. Brent North Sea crude for delivery in May slid $1.04 to $55.39 a barrel in London afternoon deals.US benchmark West Texas Intermediate (WTI) for May shed $1.10 to $47.77 a barrel."Crude oil prices remain under pressure," said Myrto Sokou, senior energy analyst at the Sucden Financial brokerage in London."The ...
Oil prices drop on possible Iran deal, dollar LONDON: Oil prices fell on Monday as officials from Iran and six world powers discussed a possible deal over Tehran's nuclear programme that could bring an end to sanctions and allow an increase in Iranian oil exports.The two sides have until the end of Tuesday to come up with an agreement at talks in Lausanne, Switzerland.Officials close to the talks have said progress has been made and many investors believe a deal is in the ...
UK gas prices decline due to increased supply LONDON: Prompt natural gas prices in Britain were mostly lower on Monday morning as increased flows from domestic production and from Norway resulted in oversupply.Gas prices for immediate delivery were down by 0.75 pence to 47.40 pence per therm at 0735 GMT.National Grid data showed the system was expected to be around 8 million cubic metres (mcm) oversupplied, with supply flows at around 256 mcm per day and demand forecast at around 248 mcm.Flows from ...
North Sea Crude-Forties trades higher, traders eye May programmes LONDON: North Sea Forties crude price differentials firmed a little on Friday but remained in negative territory as loading programmes for May began to emerge, with a good deal of April barrels still unsold.Oseberg will load six cargoes in May, unchanged from April, although daily loadings are slightly lower at 116,000 barrels per day, as May is a longer month.Traders said some Norwegian programmes seemed to be emerging a little earlier than expected because of ...

 



 
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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