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Statoil gas output down due to Nyhamna outage OSLO: Norwegian oil and gas firm Statoil expects its gas output to be down 9 million cubic metres per day until midday local time on Wednesday, it said in a market message. The outage is related to a production stop at the Nyhamna natural gas processing plant on Norway's west coast, the firm added. Statoil earlier expected the outage to end on Monday.Copyright Reuters, 2014 ...

Rosneft mulls $66bn worth of rouble bond issues MOSCOW: Russia's top oil producer Rosneft is studying the possibility of issuing bonds worth 2.4 trillion roubles ($66.1 billion) to refinance its debts, Kommersant business daily reports on Tuesday, citing sources. The newspaper quoted sources familiar with the situation as saying Rosneft may be preparing itself against western sanctions over Moscow's involvement in Ukraine. A Rosneft spokeswoman declined to comment. The paper also reported that Rosneft planned to place 11 issues of bonds worth around ...
Nigeria oil diffs supported by Forcados outage LONDON: Nigerian crude oil differentials remained elevated on Monday by a problem with a key grade having its output curtailed due to a problem with a pipeline.Shell said on Friday it had suspended third-party exports of Nigeria's Forcados grade of crude oil due to a leak in the pipeline which it is repairing. It said there was no change in the situation on Monday.There were less than 10 cargoes available for purchase in April. Cargoes ...
North Sea Crude-Forties rises as buying interest picks up LONDON: North Sea Forties crude differentials rose on Monday, rebounding from a decline at the end of last week as three buyers bid for cargoes while sellers remained on the sidelines.The pickup in buying interest came as refining margins widened. One trading source said it might be the result of an effort to put together a VLCC for shipment to Asia.Shipments of North Sea crude out of the region tend to boost prices. However, there ...
Oil falls below $107 as Ukraine concern eases LONDON: Global oil prices fell below $107 a barrel on Monday on receding fears of an escalation of tension in Crimea after its vote to join Russia passed without major violence and U.S. and European sanctions appeared limited to individuals.Brent crude futures fell $1.45 to $106.76 by 1506 GMT. U.S. crude futures were down $1 cents at $97.89."There's a relief that we haven't had any widespread violence or escalation within Crimea, so you're getting a ...
Brent falls a dollar as Ukraine concern pauses LONDON: Brent futures fell more than a dollar to near $107 a barrel on Monday, wiping out earlier gains, after Crimea's vote to join Russia passed without major violence, although Washington and Europe could impose punitive measures as early as Monday.Brent crude dropped $1.06 to $107.15 by 1330 GMT. U.S. crude futures were down 41 cents at $98.48.Brent had climbed 10 cents and U.S. crude benchmark WTI 24 cents in early trade on Monday on ...
Crude prices drift lower after Crimea referendum LONDON: Oil nudged lower Monday as the United States hinted at fresh sanctions against Moscow after Crimea voted in a disputed referendum to leave Ukraine and join Russia.New York's main contract, West Texas Intermediate for delivery in April, fell 24 cents to $98.65 a barrel compared with Friday's close.Brent North Sea crude for May delivery slid 57 cents to stand at $107.64 around midday in London.Washington strongly rejected the vote on Sunday, saying it violated ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln