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Nigeria's Bonny LNG tenders to sell one cargo mid-June-sources LONDON: Nigeria's Bonny liquefied natural gas (LNG) export plant has launched a tender to sell one cargo loading on June 14-16, two industry sources said on Tuesday. Bids are due by June 1, one of the sources said. > ...

Iran says OPEC unlikely to change output ceiling: Mehr news agency DUBAI: OPEC is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister Bijan Zanganeh said on Sunday, according to the semi-official Mehr news agency."Lowering OPEC's production ceiling requires consensus between all members ... under current conditions it seems unlikely that the OPEC production ceiling will change," Zanganeh was quoted as saying.Last month, Zanganeh said the producing group should cut its target daily crude production by at least 5 percent, ...
Shell declares force majeure on Nigeria crude exports because of leaks LAGOS: Anglo-Dutch oil giant Shell has halted crude exports from a key terminal in southern Nigeria because of a leak in a supply pipeline, a spokesman said Thursday."We declared force majeure on Forcados exports effective 6:00 pm Tuesday due to a series of leaks on the NPDC-operated Trans Forcados pipeline," Precious Okolobo said in a text message to AFP in Lagos.Force majeure is a legal term releasing a company from contractual obligations when faced with ...
Nigerian fuel retailer MRS Oil falls to Q1 pretax loss LAGOS: Nigeria's MRS Oil fell to a first-quarter pretax loss of 734.5 million naira ($3.7 million) after posting a profit of 321.1 million a year earlier, the fuel retailer said on Monday. Turnover, operating under the name Chevron Nigeria, fell 12 percent to 21.3 billion naira in the three months to end-March, the company said in a statement with the Nigerian Stock Exchange. Copyright Reuters, 2015 ...
South Africa's petrol pump price to stay unchanged in May JOHANNESBURG: The retail price of 95-grade petrol in South Africa will remain unchanged from May 6, while the wholesale diesel price will dip by 0.44 percent, the energy department said on Thursday. The government adjusts the price of fuel every month, taking into account global prices and shifts in the rand exchange rate. Copyright Reuters, 2015 ...
Oil prices drop as Middle East tension ease SINGAPORE: Oil prices extended declines from the previous session on Wednesday as Middle East tension eased after Saudi Arabia ended an air strike campaign in Yemen, but industry leaders said the market could rebound as attention turned to rising demand.Saudi Arabia said on Tuesday it was ending a month-long military campaign against the Houthi rebels who seized large areas of Yemen, bringing hope of a peaceful political solution to the conflict in the key oil ...
UAE's ADNOC says no timeframe for decision on onshore concession ABU DHABI: Abu Dhabi National Oil Company (ADNOC) does not have a deadline for when to award further stakes in its 40-year onshore oilfield concession, the director general of the state run company said on Monday. The comment suggests ADNOC, which signed an agreement on Jan. 29 with France's Total giving the firm a 10 percent stake in the new concession, is in no rush to make a decision about other bidders in the tender. Total's ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln