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Tanzania raises petrol, cuts diesel, kerosene prices DAR ES SALAAM: Tanzania's energy regulator raised the price of petrol in east Africa's second-biggest economy on Wednesday but cut diesel and kerosene prices, citing a weaker local currency and swings in international energy prices. The Energy and Water Utilities Regulatory Authority (EWURA) raised the retail price of petrol 1.95 percent and lowered the price of diesel 3.5 percent. Kerosene prices were cut 0.9 percent in the latest price caps, which take immediate effect. Fuel prices are the second-biggest driver of inflation. "These changes have been caused by a change of prices of petroleum products in the world market and the depreciation of the Tanzanian shilling against the American dollar," EWURA said in a statement. EWURA raised the price of petrol in the commercial capital Dar es Salaam by 42 shillings to 2,187 shillings per litre while lowering that of diesel in the capital by 74 shillings to 2,040 shillings ...

Iraq oil exports hit record 2.8mn bpd in February BASRA: Oil exports from Iraq rose to a record 2.8 million barrels per day (bpd) on average in February, Deputy Prime Minister for energy Hussain al-Shahristani told reporters on Saturday.The figure was up from 2.228 million bpd in January thanks to the completion of work expanding the capacity of the southern Basra port, from which the bulk of Iraq's crude is shipped."These projects which we carried out relating to development and production have enabled Iraq ...
Libya's oil production falls to 230,000 bpd after oilfield closure TRIPOLI: Libya's oil production has fallen to 230,000 barrels a day due to the closure of the El Sharara field following protests, state-owned National Oil Corp (NOC) said on Sunday.NOC closed on Thursday the 340,000 bpd El Sharara field located in the remote south due to protests and clashes in the area. It was been repeatedly shut down by protesters as a way to pressure the weak central government into political and financial demands."Production today ...
Yemen gas price pressure mounts on France's Total DUBAI: Pressure on French energy giant Total to pay more for liquefied natural gas that it ships from Yemen has intensified, with the state news agency reporting that the long-term deal is being probed by public prosecutors. Total's leading role in building the $4.5 billion Yemen LNG export plant in 2005-09 made it the largest foreign investor in the country, which is one of the poorest in the Arab world. Since coming to power in ...
Kenya raises price caps for diesel, petrol; lowers kerosene NAIROBI: Kenya's energy regulator said on Friday that it was raising the maximum retail fuel prices for petrol and diesel and lowering that for kerosene for the month until mid-March. Fuel prices have a big impact on inflation in east Africa's biggest economy, which depends heavily on diesel for transport, power generation and agriculture, while kerosene is used in many households for cooking and lighting. The Energy Regulatory Commission raised maximum prices charged in the ...
Iraq cuts March crude prices to Asia; ups US and Europe BAGHDAD: Iraq raised the price of Basra light crude to US buyers for March by 20 cents to 50 cents per barrel below the Argus (ASCI) benchmark and cut the prices to Asia, the State Oil Marketing Organisation (SOMO) said on Sunday. The price for Basra light crude for Asian buyers was set at a discount of 60 cents to the average of Oman-Dubai quotes versus a discount of 30 cents for the previous month. ...
Nigeria faces questions over 'missing' oil money LAGOS: Africa's biggest oil producer Nigeria is facing questions about where billions of dollars in oil money is going, amid suspicions of fraud and it being syphoned off to fund election campaigns. The issue has been rumbling on since September, when the governor of the Central Bank of Nigeria accused the Nigerian National Petroleum Corporation of withholding $49.8 billion in oil revenue. Sanusi Lamido Sanusi, who steps down as central bank chief in the coming ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln