Thursday 28 May 2015
 
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Exports

Saudi March crude exports hit 7.89mbpd, highest in years

Saudi Arabia's crude exports rose in March to their highest in almost a decade, official data showed on Monday, a sign of unexpectedly strong global demand as the top oil exporter revved up its output to the loftiest rate on record.

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EGA exports to fall as local demand grows

State-owned Emirates Global Aluminium said on Tuesday its exports would fall to 77 per cent of its production by 2017 as a result of a rise in local demand. "There will be five new plants in Abu Dhabi," chief executive A

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Libyan firm Agoco pumping up to 260,000 bpd

Libya's Arabian Gulf Oil Co (Agoco) is producing 230,000 to 260,000 barrels per day (bpd), a company spokesman said, down some 35,000 bpd because a protest closed the Nafoura oilfield.   The company's por

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Saudi Arabia seen keeping crude OSPs steady in June

Top oil exporter Saudi Arabia is expected to keep prices mostly unchanged in June for grades it exports to Asia, following two straight months of increases, in line with a steady Dubai structure.   The Opec produ

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Iran's oil exports rise in April after framework nuclear accord

Iran's crude oil exports have risen in April following softer sales last month, helped by a framework nuclear agreement between Tehran and world powers and the possibility that Western sanctions could be lifted soon.  

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Iran petchem firm plans $1bn development

Iran’s Persian Gulf Holding Company, a major petrochemical company in the region, plans to invest €1 billion ($1.08 billion) in development before 12 months, a senior official said. By 2018 the company will attain 100 p

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Iraq's oil output seen flat, 2016 a big challenge

Iraq's oil output in 2015 is likely to remain flat as Baghdad struggles to cope with a slump in crude prices that has slashed government revenue and forced the Opec producer to renegotiate its service contracts with oil majors.

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Iraq's oil output seen flat, 2016 a big challenge

Iraq's oil output in 2015 is likely to remain flat as Baghdad struggles to cope with a slump in crude prices that has slashed government revenue and forced the Opec producer to renegotiate its service contracts with oil majors.

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Emirates Steel alerts over imports hitting UAE market

Emirates Steel, the largest integrated steelmaker in the UAE, has warned of the effects of the flow in China’s and Turkey’s steel to the local markets, and called for protective actions to face the increasing competition and falling

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Oman Aluminium to double production by 2017

Oman Aluminium Rolling (OARC) plans to double production by 2017 with exports to the US, India and Italy, said the company’s chief commercial officer. Production at the $385-million OARC plant at the Sohar Industrial Estate

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