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Nigeria seeks Britain ABUJA: Nigeria has asked Britain for help to tackle a multi-million dollar oil theft business which is run by international crime syndicates, the country's oil minister said on Tuesday.   Oil 'bunkering' hacking into pipelines to steal crude then refining it or selling it abroad is costing Nigeria a fifth of its two million barrels per day output, government and international oil companies say.   "The products from bunkering are not sold in (West Africa), neither are the financial outputs laundered in West African banks, they are ending up in far flung international fiscal institutions," Diezani Alison-Madueke told an industry conference in Abuja.   "Mr president has begun to reach out with his colleagues around the world. A discussion was held with the prime minister of Great Britain on Monday a week ago and they are all coming on board to help sort out this particular menace."   Anglo-Dutch oil major Royal Dutch Shell, the biggest foreign producer ...

Iraq oil exports rise to 2.359mn bpd in January   BAGHDAD: Iraq's oil exports climbed to 2.359 million barrels per day (bpd) in January from 2.340 million bpd the previous month, oil ministry officials said on Sunday.   Iraq shipped 2.095 million bpd from the southern oil hub of Basra and 264,000 bpd from the northern fields around Kirkuk, including 11,000 barrels trucked to Jordan, they said.   Slowing exports from the Kurdish region and repeated attacks on the major export line to Ceyhan port in Turkey have significantly ...
Zueitina shipment seen in mid February: NOC TRIPOLI: The first oil shipment out of Libya's Zueitina's terminal will be in mid-February after the port was closed down last month by protesters, the head of the National Oil Corporation (NOC) said on Sunday.   No oil has been shipped out of Zueitina, which exports around 60,000-70,000 barrels per day, since the start of January due to protests that began in December. A crude shipment left the terminal around end-December.   Protesters' threats affected mainly the shipping of ...
Uganda to auction 13 blocks for oil exploration KAMPALA: Uganda will auction 13 blocks for oil and gas exploration when the country's president signs a new bill governing the petroleum sector into law, its junior energy minister said on Wednesday.   "We are waiting for a Presidential assent to that law and then we will be ready to advertise for a new licensing round. We have 13 blocks that are currently not licensed which prospective bidders can apply for," Peter Lokeris told Reuters.   Copyright Reuters, 2013* ...
Iraq oil sales dip last month but income up in 2012 BAGHDAD: Iraq's oil exports in December fell due to bad weather and a dispute with the Kurdish region, but the country still saw sharply higher income last year compared to 2011, new figures showed on Monday.   Sales of crude and revenues from oil exports last month were both the lowest figures since June, a statement from Iraq's oil ministry said, with average daily exports of 2.35 million barrels per day (bpd). The average price per barrel ...
Algeria gas exports stable despite hostage crisis: official ALGIERS: Algeria did not reduce its gas exports after the start of the hostage crisis at the In Amenas gas plant, the country's energy minister said Saturday.   "Our partners did not suffer from the situation. We did not cut our gas exports, we simply compensated the shortfall in production with production from other fields," APS news agency quoted Youcef Yousfi as saying.   He added that production at In Amenas made up only a small portion of Algeria's ...
Angola GENEVA: Angola is due to export around 1.75 million barrels per day (bpd) of oil in March, up from a planned 1.65 million bpd in February, a provisional loading programme showed on Wednesday.   The programme showed that 57 tankers carrying a total of around 54 million barrels would be exported in March.   Copyright Reuters, 2013* ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln