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Norway gas flows fall on Oseberg, Heimdal outages OSLO: Norwegian gas output fell by 14.4 million cubic meters (mcm) on Tuesday due to separate outages at the Oseberg and Heimdal fields, gas system operator Gassco said in a market message.Output at Oseberg was down 8.2 mcm while output at Heimdal was down 6.2 mcm, Gassco said. Both outages are expected to last 4 to 12 hours, although the duration was uncertain, Gassco said.The outages come on top of a 4.5 mcm/day outage at Sleipner.Copyright Reuters, 2015 ...

MOL swings to loss, even though downstream performs well BUDAPEST: Hungarian oil group MOL Plc swung to a quarterly loss on Tuesday, partly due to one-off costs and a steep fall in crude prices.It posted a net loss of 68.6 billion forints ($254.6 million) for the fourth quarter compared with a net profit of 5.2 billion forints in the same period of 2013 and a net profit of 28.5 billion forints in the third quarter of 2014.MOL operates refineries in Hungary, Slovakia and Croatia. ...
Oil prices extend slide on high supplies LONDON: Oil prices slid on Monday, extending last week's sharp decline as the dollar strengthens on eurozone strains, and as record supplies in the United States add further downward pressure.US benchmark West Texas Intermediate (WTI) for delivery in April shed $1.71 to $49.11 a barrel compared with Friday's close.Brent North Sea crude for April lost $1.24 to stand at $59 a barrel in late London deals.WTI slumped 4.66 percent and Brent tumbled 2.1 percent during ...
Oil prices extend slide LONDON: Oil prices slid Monday, extending last week's sharp decline as the dollar strengthens on eurozone strains and record supplies in the United States add further downward pressure.US benchmark West Texas Intermediate (WTI) for delivery in April shed $1.17 to $49.64 a barrel compared with Friday's close.Brent North Sea crude for April lost $1.24 to stand at $58.98 in London afternoon deals.WTI slumped 4.66 percent and Brent tumbled 2.1 percent during the week to last ...
Oil prices fall as dollar strengthens and oversupply adds pressure LONDON: Oil prices fell on Monday as worries about oversupply in North America and a strong dollar pushed Brent futures towards $59 a barrel and US contracts below $49 a barrel. After an initial rise along with global markets on optimism that another euro zone crisis over Greek debt had been averted for now, prices began dipping as analysts said crude markets remained oversupplied, especially in the United States. "The term structure of oil continues ...
Gas withdrawals from Centrica's UK storage site in unplanned cut LONDON: Britain's biggest underground gas storage facility, Rough, was undergoing an unplanned cut to withdrawals on Monday, operator Centrica said. The flow cut began at 0600 GMT and is expected to reduce withdrawal capacity by 9 million cubic meters (mcm) per day, a Centrica spokeswoman said. The withdrawal cut is expected to end at 0559 GMT on Tuesday the spokeswoman said. Copyright Reuters, 2015 ...
Statoil starts up Oseberg Delta 2 field, on time, under budget OSLO: Norwegian energy firm Statoil has started up production at its Oseberg Delta 2 development in the North Sea, expecting to produce around 77 million barrels of oil equivalents from the field, it said on Monday.Completed at a cost of just under 7 billion crowns ($926 million), below initial plans for just under 8 billion crowns, the prospect will produce through wells tied into the Oseberg field center, Statoil said."There are also some good opportunities ...

 



 
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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%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln