Middle East & Africa
Monday, 01 April 2013 15:07
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DOHA: Demand for Saudi crude exports is likely to rise over next few months, Saudi oil minister Ali Al-Naimi told Reuters on Monday.He expects external demand for Saudi crude to rise over coming months but said that it "remains to be seen" by how much.Copyright Reuters, 2013 ...
ANKARA: The flow of Iraqi crude oil via pipeline to Turkey's Mediterranean coast resumed on early Friday after a halt due to a leak on Tuesday, a Turkish official told Reuters.The leak occurred late on Monday on the Kirkuk-Ceyhan pipeline, which carries some 350,000 barrels of oil per day from Iraq's northern oilfields. Exports were not affected because enough crude was available in storage at the Turkish port of Ceyhan to continue loading ships.The flows ...
KUWAIT CITY: Kuwait posted a record provisional budget surplus of 17.2 billion dinars ($60.2 billion) in the first 10 months of the fiscal year on high oil price, government data showed on Wednesday. The surplus up to the end of January was achieved on the back of a huge income of 27 billion dinars ($94.7 billion) and a low spending of 9.8 billion dinars ($34.4 billion), according to data on the ministry of finance website.The ...
TRIPOLI: Polish state oil and gas firm PGNiG expects to start drilling its first Libyan exploration well next month, Libya's National Oil Corporation (NOC) said, fanning hopes its energy industry is returning to normal following the 2011 war.OPEC member Libya has impressed analysts by resuming oil and gas activities quickly after the end of the uprising that ousted Muammar Gaddafi, ramping up crude production close to pre-war levels of 1.6 million barrels per day.But it ...
CAIRO: Egypt oil minister Osama Kamal has dismissed the head of state-owned Misr Petroleum and another top official due to a crisis in distributing fuel used by buses and trucks, state news agency MENA said. He also ordered the supply of an additional one million litres of diesel to military-run filling stations to ease shortages which have been dragging on for months. Kamal appointed Saeed Mostafa, head of state-owned refiner and distributor Petrotrade, to ...
DUBAI: Top oil exporter Saudi Arabia pumped 9.15 million barrels per day of crude oil in February, an industry source said on Saturday, slightly up from the 9.05 million bpd it produced in January. The kingdom supplied 9.16 million bpd to the market, the source added, lower than the 9.26 million bpd in January. Copyright Reuters, 2013 ...
ALGIERS: Libya's crude oil exports totalled 39.075 million barrels in January this year, state energy firm National Oil Corporation (NOC) said on Monday. NOC itself exported 29.48 million barrels for $3.3 billion, it said in a statement on its website, adding the rest was exported by its partners, without giving a value. Local refineries consumed 4.326 million barrels, it said. Copyright Reuters, 2013 ...
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