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Colombia Jan-Sept coal output falls 11.2pc from year ago BOGOTA: Colombia's coal production from January to September fell to 60 million tonnes, down 11.2 percent from the same period of 2012, the National Mining Agency said on Friday, a drop attributed to strikes at the biggest miners and guerrilla attacks on railways.The world's No. 4 coal exporter has a nationwide target to produce 94 million tonnes of coal this year, up from 89.2 million tonnes for all of last year, but it will now take a surge in output to achieve it in the final quarter of 2013.Colombia produced a higher 67.6 million tonnes in the first nine months of last year but disruption in the coal sector has been rife this year with strikes at its top two miners, Cerrejon and Drummond, lasting a month and seven weeks respectively.Cerrejon, Colombia's top coal miner, is a joint venture Cerrejon between Anglo American Plc, BHP Billiton and Glencore Xstrata Plc. ...

OPEC not expected to change output next month: Kuwait KUWAIT CITY: Kuwait Oil Minister Mustafa al-Shamali said Wednesday that he does not expect the OPEC oil cartel to change production at its next ministerial meeting in December."I don't expect it to be changed because the production till now goes with the needs of consumers and that's enough," Shamali told reporters outside parliament."I think it won't be changed," he said, but added that the decision will ultimately depend on a review of statistics by ministers ...
Oil market stable, prices steady, say two OPEC members ABU DHABI: The oil market is stable and prices are steady, two oil ministers said on Sunday, weeks ahead of an OPEC meeting to decide whether the group needs to adjust its output target. "I think no, now the market is stable," Angola's oil minister Jose Botelho de Vasconcelos told Reuters in Abu Dhabi, when asked if OPEC needs to change its oil policy when the group meets next on Dec. 4 in Vienna. "The ...
Kuwait expects OPEC to keep crude output target unchanged NEW DELHI: Kuwait's oil minister said on Saturday he expected OPEC to keep its crude oil output target unchanged at its next meeting.Kuwait is a member of the Organization of Petroleum Exporting Countries (OPEC), the producer group that pumps more than a third of the world's oil. It will meet next on Dec. 4 in Vienna to decide whether to adjust its output target."It will be a normal meeting. We will consider everything regarding every ...
Shell 'manipulates Nigeria oil spills probes': Amnesty LAGOS: Amnesty International alleged on Thursday that Shell has repeatedly misrepresented the cause of oil spills in Nigeria, blaming criminal sabotage to avoid liability, in a charge the Anglo-Dutch energy giant dismissed as "unsubstantiated".The number of spills in the southern Niger Delta region, home to Africa's largest oil industry, was "staggering", the London-based rights group said in a new report, "Bad Information. Oil Spill Investigations in the Niger Delta".Shell, the largest onshore operator in the ...
Bad weather cuts oil exports from Iraq's south to 1.24mn bpd: source BAGHDAD: Bad weather trimmed oil exports from Iraq's Basra ports to 1.24 million barrels per day (bpd) on Sunday from 1.89 million bpd a day earlier, a shipping source said."High winds in the Gulf stopped full loading from the single-point mooring," the shipping source said.Iraq exports the bulk of its crude from southern ports on the Gulf.Copyright Reuters, 2013 ...
In Libya east, a former rebel commander tests Tripoli BREGA: For Libyan militia leader Ibrahim al-Jathran, shutting down half the country's oil production with an armed militia is not a crime, it is the start of a just battle for a fair share of country's petroleum wealth. From his base near the Mediterranean oil terminal of Brega, the 33-year-old war hero from the uprising against Muammar Gaddafi has taken control of the main oil ports to demand more autonomy and oil for ...


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