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Russia gasoline exports up 31pc in December from month before MOSCOW: Russian gasoline exports rose 31.0 percent in December from the month before, while shipments of gas oil and fuel oil increased by 3.4 percent and 1.2 percent respectively, Energy Ministry data and Reuters calculations showed. Russian domestic supplies of gasoline and gas oil were up in December by 7.1 percent and 6.2 percent respectively, while local supplies of fuel oil fell 10.2 percent. Kirishi refinery in northwest Russia, owned by Surgutneftegaz, increased its gasoline and gas oil exports by 77.4 percent and 21.7 percent respectively in December, after unplanned maintenance at the hydrocracking complex. Due to a leak on a major pipeline delivering oil to the Black Sea port of Tuapse in December the Tuapse refinery, owned by Rosneft, dropped its capacity by 29.6 percent. Gas oil and fuel export supplies fell by 29.4 percent and 9.7 percent respectively month-on-month. Perm refinery, owned by Lukoil, decreased its processing in ...

Oil majors to preserve dividends despite oil collapse, tap debt LONDON/DAVOS: Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies' plans to maintain cherished dividends and their strategies to cope with the oil prices collapse that caught many unawares. Having sold around $120 billion in assets in recent years to boost balance sheets and keep up dividend payouts, companies are expected to increase borrowing and further cut costs as they come to terms with oil prices ...
Europe Gasoline/Naphtha: Gasoline crack gains on storage buying, exports LONDON: Gasoline refining margins in northwest Europe rose on Friday to near $7 a barrel, supported by exports and increased buying for storage. European refineries continued to operate at high rates to benefit from strong profit margins, increasing available supplies while regional demand was weak, traders said."Winter demand is still weak and there is no reason for this to change," a trader said. Prices continued to benefit from increased buying for storage as prompt prices ...
West Africa Crude: Nigeria starts March exports amid February backlog LONDON: Nigeria's export programme for March, including an increase in at least two grades, began to seep out on Friday amid a persistent backlog in February loading cargoes, traders said. Exports for the largest stream, Qua Ebo, are set to rise in March, as are exports of Bonny Light, even as 15-20 cargoes remain available for February loading. The glut reflects the lack of interest in light, sweet crude, with some traders trying to take ...
North Sea Crude: Forties slips, refiners turn sellers LONDON: North Sea Forties crude differentials slipped on Friday as refiners offered out unwanted cargoes and an overhang of competing West African barrels continued to depress the market. "The weight of ample competing crudes is clear in the much more realistic typical offer levels now than were seen a couple of weeks ago," one market participant said. The refiners' appetite for crude feedstock in Europe has been muted so far this year, and some refineries ...
Europe Distillates: Diesel diffs rise on strong storage demand LONDON: Diesel barge differentials in northwest Europe rose on Friday on strong prompt demand due mainly to continued buying for storage. End-user demand remained stable, as colder weather in northern Europe increased buying of heating oil, traders said.Diesel prices and refining margins have recently been supported by strong storage demand as prompt prices dropped below futures in a market structure known as contango. The strong demand meant the front-end contango was erased and flipped into ...
Oil prices fall on rising US supplies LONDON: Oil prices fell Thursday after official data revealed a larger-than-expected increase in stockpiles of US commercial crude, while the market was hit also by a stronger dollar, analysts said.US benchmark West Texas Intermediate (WTI) for delivery in March slid one dollar to $46.78 a barrel.Brent North Sea crude for March edged down eight cents to stand at $48.95 a barrel in late London deals. "WTI tumbles as excessive oversupply causes oil stocks to surge," ...

 



 
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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%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln