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Libya's Hariga port to resume exports within days BENGHAZI: Libya's eastern Hariga port will resume oil exports within days after authorities reached an agreement with protesters to end four months of blockage, an oil official said on Friday.Tribesmen and other protesters have occupied Hariga, located in Tobruk in the far east of Libya, since August to press for political and financial demands despite several government attempts to reopen the terminal.A reopening of the export port would be a victory for Prime Minister Ali Zeidan who has been trying to end blockages of oil ports and fields, which have reduced Libya's oil output to 250,000 bpd from 1.4 million bpd in July.Hariga has an export capacity of 110,000 barrels per day and also serves the Tobruk oil refinery.There was no immediate confirmation from the government which has repeatedly announced Hariga would reopen. But in a sign of progress state National Oil Corp (NOC) said last week that the 20,000 ...

South Africa's petrol price to increase 3pc on Jan. 1 JOHANNESBURG: The retail price of petrol in South Africa will increase by up to 39 cents or nearly 3 percent a litre from next Wednesday, while wholesale diesel will rise by 32 cents or 2.5 percent, the Department of Energy said on Friday. Petrol will cost 13.57 rand ($1.31) a litre and diesel 12.87 rand in the main Gauteng inland region, the department said in a statement. Copyright Reuters, 2013 ...
Kenya seeks over 470,000 tonnes oil products for Jan-Feb SINGAPORE: Kenya's oil importers are seeking over 470,000 tonnes of oil products for delivery over January to February, slightly lower than its previous purchases for November to January, industry sources said on Monday.They are seeking 111,672 tonnes of jet fuel, 196,772 tonnes of 500 ppm sulphur gasoil and 129,648 tonnes of gasoline for delivery over January to February.The cargoes are for delivery into Kipevu Oil Terminal, the sources said.The importers are also seeking a combination ...
Kenya's energy regulator raises retail fuel prices NAIROBI: Kenya's energy regulator said on Saturday it was increasing maximum retail fuel prices for petrol, diesel and kerosene for the month until mid-January, after it had cut prices for the two previous month-long periods.Fuel prices have a significant impact on inflation in east Africa's biggest economy, where the economy depends heavily on diesel for transport, power generation and agriculture, while kerosene is used in many households for lighting and cooking.The Energy Regulatory Commission raised ...
Libya PM hopes oil ports will reopen on Sunday TRIPOLI: Prime Minister Ali Zeidan expects Libyan oil ports seized by a group demanding autonomy for the country's east would reopen on Sunday, state news agency Lana said on Saturday, although it was unclear if the government had concluded a deal with the group.Zeidan also promised that oil sales would be properly accounted for going forward, one of the demands of the group, which has seized three eastern ports that previously accounted for around 600,000 ...
Exxon sells Iraq oil stake to PetroChina: ministry BAGHDAD: American energy giant Exxon Mobil on Thursday sold part of its controversial stake in a massive Iraqi oilfield to PetroChina and Indonesia's Pertamina amid a long-running row with Baghdad.The sale of the stake in the West Qurna-1 field in south Iraq, one of the country's largest, marks a key step towards resolving the dispute with the central government over Exxon's contracts with the autonomous Kurdish region."The agreement was signed for Exxon Mobil to sell ...
Iran nuclear deal shipping insurance element may help oil sales DUBAI: Iran's nuclear deal with the West is not intended to let more of its oil into the market, the White House said, but an easing of the ban on European shipping insurance may help smooth crude exports to its big Asian customers.Iran and six world powers reached a deal early on Sunday to curb Tehran's nuclear programme in exchange for limited sanctions relief.U.S. and European Union sanctions that prevent energy companies from investing in ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln