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Oil market balanced, says Saudi ministerGlobal oil market supply and demand is balanced, Saudi Oil Minister Ali al-Naimi said on Saturday, adding that the world's largest oil exporter would continue to supply all the crude as per customers demand. He said Saudi Arabia had su More… |
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Saudi to go it alone, pump 10m bpd in JulySaudi Arabia will raise output to 10 million barrels a day in July, Saudi newspaper al-Hayat reported on Friday, as Riyadh goes it alone to pump more outside official policy of Organization of the Petroleum Exporting Countries (Opec). Citi More… |
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Fairbanks announces giant sewage pumpFairbanks Morse, the world leader in water, wastewater pump industry and water treatment, has announced the availability of giant pumps capable of pumping 3.7 million litres in one minute. The company was able to develop the required effic More… |
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Singapore hospital unveils artificial heartThe National Heart Centre Singapore (NHCS) has introduced state-of-the-art artificial hearts that can improve and prolong the life of patients with end-stage heart failure, a statement said. The new device, known as Heart Mate II, has a mu More… |
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Flowserve, Al Rushaid open large pump facilityFlowserve Corporation and Al Rushaid Group have opened the region's largest pump manufacturing, repair and testing facility in Saudi Arabia. “We are very pleased to work with Flowserve to open this facility, which is designed to suppor More… |
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Flowserve, Al Rushaid open large pump facilityFlowserve Corporation and Al Rushaid Group have opened the region's largest pump manufacturing, repair and testing facility in Saudi Arabia. “We are very pleased to work with Flowserve to open this facility, which is designed to suppor More… |
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US to pump $250bn into banksThe United States will pump $250 billion into its banks on Tuesday, following similar measures in Europe, but data showed the threat of recession has not been banished even if a financial sector meltdown has. The Treasury will unveil its p More… |
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Saudi starts pumping oil from giant fieldThe world's top oil exporter Saudi Arabia has started pumping oil from the 500,000 barrels per day (bpd) Khursaniyah oilfield, a source at state oil firm Saudi Aramco said on Wednesday. The oilfield is the largest single increment to g More… |
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$13 billion boost for Bahrain oil industryBahrain plans to pump a massive $13bn billion to develop its oil industry over the coming two decades. A bulk of it -- $8 billion -- will be invested in exploration and production. An additional $5 billion will also be spent on moder More… |
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Bahrain pumps another $30m to battle inflationBahrain's government pumped in an additional BD30.5 million ($80.8 million) into the fund to protect families against inflation. This takes the fund from BD40 million to BD70.5 million, following a decision at yesterday's weekly cabi More… |
