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Russian gasoline exports up 10.2pc in August vs July MOSCOW: Russian gasoline and gas oil exports in August rose by 10.2 percent and 0.2 percent respectively, compared with July, while fuel oil exports were down by 3.4 percent, data from the Energy Ministry and Reuters calculations showed. According to the Energy Ministry data total production of gasoline rose 7.1 percent compared with the previous month.Russia's domestic supplies of gasoline and fuel oil increased by 6.8 percent and 11.0 percent respectively, while local shipments of gas oil fell slightly by 0.1 percent. Gas oil and gasoline exports from the Surgutneftegaz-controlled Kirishi refinery in northwest Russia were up in August by 15.3 percent and 6.6 percent respectively after maintenance on a hydro cracker unit following a fire in June. By the end of the month, Rosneft's Achinsk refinery in Siberia had restored its processing after a deadly fire in the middle of June.Over the past three days of August its crude ...

Russia's Gazprom says Western sanctions won't hurt YUZHNO-SAKHALINSK: Russia's Gazprom can substitute all imported equipment that is subject to Western sanctions against the company over Russia's role in Ukraine, and the sanctions would not succeed, Gazprom's depurty CEO told an industry conference. "In Gazprom we imported only 10 per cent of equipment and services, 90 per cent of our demand is covered by Russia's producers," Alexander Medvedev said at the conference on the eastern Russian island of Sakhalin. "No successful implementation of ...
Oil prices drop on strong dollar LONDON: Global oil prices fell Monday on the back of the strong dollar and plentiful supplies, on the eve of key manufacturing data from China, the world's top energy consumer.Brent North Sea crude for delivery in November slid 72 cents to stand at $97.67 a barrel in London deals. US benchmark West Texas Intermediate for October lost 43 cents to $91.98 a barrel."The strong dollar currently weighs heavily on market sentiment in the oil market," ...
Total to sell more assets, cuts oil output target LONDON: French oil company Total is to sell more assets and cut costs to generate more cash and is to revamp exploration plans after reducing its oil production target. Total, which has struggled with production outages in Libya, Kazakhstan and Nigeria, on Monday cut its 2017 output goal to 2.8 million barrels of oil equivalent per day from a previous 3 million. France's biggest company by market value and the West's fourth biggest oil and ...
UK gas prompt nudges higher on less Norwegian gas LONDON: Prompt natural gas prices in Britain rose on Monday morning as low imports from Norway left the system undersupplied.Prices for within-day delivery were trading at 49.60 pence per therm at 0836 GMT, up 0.20 pence since their last settlement. Prices for delivery on Tuesday were up 0.05 pence at 49.40 pence per therm.With supply flows at about 153.8 million cubic metres (mcm) per day on Monday and demand expected to be about 167.8 mcm, ...
Total to sell off more assets, cuts oil output target LONDON: French oil company Total is to step up plans to sell off assets, cut investments and reduce operating costs to deliver on a promise to generate $15 billion in free cash flow in 2017.The oil group, which has struggled with production outages in Libya, Kazakhstan and Nigeria, said on Monday it had reduced its 2017 output goal to 2.8 million barrels of oil equivalent per day from a previous 3 million."We have more than ...
Oil falls below $98 on sluggish demand, ample supply LONDON: Brent crude fell below $98 a barrel on Monday, dropping for the third session in four, as sluggish demand and ample supplies outweighed expectations of a cut in oil output from the Organization of the Petroleum Exporting Countries (OPEC).Comments from OPEC's secretary general last week that the group could cut output next year buoyed Brent, but investors' attention turned back to the gloomy economic outlook in Europe and China, which has curbed oil demand.A ...

 



 
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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%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln