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Oil firm DNO exports most of its Tawke output, Q1 lags forecast OSLO: Oil firm DNO International said the vast majority of its output from its prize Tawke field in northern Iraq was exported to Turkey as it reported first-quarter earnings below expectations on Thursday. The firm posted a net profit of $24 million in the first quarter, against expectations for $47 million in a Reuters poll of analysts, down from $30 million at the same time a year ago. Copyright Reuters, 2014 ...

Oil prices advance before US energy report, Yellen LONDON: World oil prices rose Wednesday before the US Department of Energy's crude stockpiles report and testimony in Congress by Federal Reserve chief Janet Yellen.The US benchmark, West Texas Intermediate for delivery in June, climbed 76 cents to $100.26 a barrel. Brent North Sea crude for June added 24 cents to trade at $107.30 a barrel in midday deals in London."Today, market participants will pay some attention to the US weekly fuel inventory numbers for ...
Brent above $107 on Ukraine, US oil gap narrows on stock draw LONDON: Brent crude edged further above $107 a barrel on Wednesday, underpinned by rising tensions in Ukraine, though its premium over US prices narrowed after an industry report showed a sharp draw in inventories in the world's largest oil consumer. Brent rose 33 cents to $107.39 a barrel by 0816 GMT, after ending the previous session 66 cents lower. US crude added $1.01 at $100.51 a barrel, on course for its biggest one-day gain since ...
Repsol sells remaining stake in Argentina's YPF MADRID: Spanish energy giant Repsol said Wednesday it has sold most of its remaining 12-percent stake in former Argentine subsidiary YPF for $1.26 billion (900 million euros), two years after control of the unit was seized by Buenos Aires.The sale marks one of the closing chapters of an international wrangle sparked in April 2012 when Argentina's President Cristina Kirchner ordered the nationalisation of Repsol's YPF.Repsol said in a statement Wednesday that it had sold the ...
Gazprom says gas flows to Europe via Ukraine remain stable MOSCOW: Russian gas exports to Europe through Ukraine remained stable on Wednesday, a spokesman for state-controlled gas producer Gazprom said. Russia threatened on Friday to cut natural gas supplies to Ukraine in June if it receives no prepayment in an escalating row between Moscow, Ukraine and the European Union over energy supplies. Gazprom supplies about 30 percent of the gas consumed in Europe, shipping about half of that via Ukraine.Copyright Reuters, 2014 ...
Repsol says makes $622 million capital gain from YPF stake sale MADRID: Spanish oil major Repsol said it will make a $622 million pretax capital gain from the sale of an 11.86 percent stake in Argentine energy group YPF to Morgan Stanley for $1.26 billion. The shares were sold in the form of American Depositary Shares (ADS), the company said in a regulatory filing on Wednesday. Following the sale, Repsol's remaining stake in YPF is under 0.5 percent, it said. Copyright Reuters, 2014 ...
Gazprom says gas flows to Europe via Ukraine remain stable MOSCOW: Russian gas exports to Europe through Ukraine remained stable on Tuesday, a spokesman for state-controlled gas producer Gazprom said. Russia threatened on Friday to cut natural gas supplies to Ukraine in June if it receives no prepayment in an escalating row between Moscow, Ukraine and the European Union over energy supplies. Gazprom supplies about 30 percent of the gas consumed in Europe, shipping about half of that via Ukraine. Copyright Reuters, 2014 ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln