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Egypt to import gas from Algeria, in talks with Qatar  CAIRO: Egypt, a gas producer and exporter, has agreed to import Algerian gas but is still discussing amounts, the prime minister said on Wednesday, a move that might be aimed at helping Egypt meet its own export contracts while domestic demand rises.   Prime Minister Hisham Kandil, who recently returned from a trip to Algeria, told reporters that Egypt was also in talks to import gas from Qatar.   Egypt has two LNG plants and a pipeline to export gas, but energy industry sources say the government has been diverting some gas contracted for export to the domestic market, which suffered fuel shortages and electricity cuts in the summer.   Copyright Reuters, 2012 ...

Iraq BAGHDAD: Iraqi Kurdistan has agreed to export 250,000 barrels of oil per day (bpd) in 2013 if Baghdad pays operators in the autonomous region, the Kurdish regional government (KRG) said.    "The two sides agreed for Kurdistan to export 250,000 barrels of oil per day on the condition that the Iraqi government makes payments to the oil companies in Kurdistan," the KRG said on the Arabic page of its website.   Copyright Reuters, 2012 ...
Iraq targets oil output of 9-10 mbpd by 2020  BAGHDAD: Iraq is aiming to produce 5-6 million barrels of oil per day (bpd) by 2015, with a view to reaching a target of 9-10 million bpd by 2020, a level that could be sustained for 20 years, the Deputy Prime Minister for Energy said on Wednesday.   Iraq's oil production, which stagnated for years due to wars and sanctions, started to rise in earnest in 2010, after Baghdad secured service contracts with companies such as BP ...
IEA says Iraq oil output to more than double by 2020 LONDON: Iraq could more than double its current daily oil production by 2020, vastly boosting its economy and helping to bring stability to global energy markets, the International Energy Agency forecast on Tuesday.   The country's crude oil output could grow to 6.1 million barrels per day (mbpd) in eight years' time from about 3.0 mbpd currently, the IEA said as it unveiled its Iraq Energy Outlook report in London.   The Paris-based IEA added that Iraq stood to ...
IEA says Iraq oil output could more than double by 2020  LONDON: Iraq could more than double its current daily oil production by 2020, vastly boosting its economy and helping to bring stability to global energy markets, the International Energy Agency forecast on Tuesday.   The country's crude oil output could grow to 6.1 million barrels per day (mbpd) in eight years' time from about 3.0 mbpd currently, the IEA said as it unveiled its Iraq Energy Outlook report in London. Copyright AFP (Agence France-Presse), 2012 ...
Saudi oil minister pledges to satisfy market needs  RIYADH: Saudi Oil Minister Ali al-Naimi said on Tuesday that the oil-rich Gulf kingdom will work to satisfy global energy markets and to "moderate" prices.   "We will provide the markets with what they need," Naimi told reporters on the sidelines of a ministerial meeting in Riyadh. "We will work to moderate prices."   World oil prices are already facing pressure as the IMF cut its forecast for Chinese economic growth this year to 7.8 percent, while the World ...
Saudi Arabia says will work to moderate oil prices RIYADH: Saudi Arabia would like oil prices to fall and will take steps to moderate them, Saudi Oil Minister Ali Al-Naimi said on Tuesday.   "We hope the price will moderate and we will work towards moderating the price," Naimi told reporters when asked whether he would like to see oil prices fall to $100.   He said Saudi Arabia would pump as much oil as needed by its customers.   Brent crude oil was trading around $112 a barrel on ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln