Friday 6 March 2015
 
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Oil

Fujairah oil storage capacity may rise 75pc

Oil storage capacity in the United Arab Emirates port of Fujairah is expected to rise 6 million cu m (mcm) by 2020 to around 14 mcm, a senior port official told Reuters on Thursday. The port, which lies outside the Strait of Hormu

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Mazola wins ‘Product of the Year’ award

Mazola, a pioneer of healthy food products in the Gulf, won the ‘Product of the Year’ award for its sunflower oil in the cooking oil category in Dubai recently. It was rewarded for its innovation in the fast moving con

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Oil plunge likely to hit Dubai property market

The fall in crude oil prices is likely to impact the real estate sector in Dubai, UAE, according to property expert JLL. The drop has coincided with the strengthening of the dollar against major currencies and – pegged to th

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Saudi king keeps close hand on oil in new strategic team

Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the king's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed.

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Saudi king keeps close hand on oil in new strategic team

Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the king's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed.

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Oil steadies above $60 after sharp Monday fall

Brent crude oil prices steadied above $60 a barrel in early Asian trading on Tuesday, supported by traders entering the market after prices dropped sharply in the previous session on the back of record US stocks. Brent futures fel

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Iraq oil exports rise to 2.597mbpd in February

Iraq's oil exports rose in February to an average 2.597 million barrels per day (bpd) from 2.535 million bpd in the previous month, the oil ministry said in a statement. Exports from Iraq's southern terminals reached 2.293

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Oil rich Gulf countries ‘receive relatively high FDI’

The oil rich countries in the Gulf - Saudi Arabia and Kuwait - are receiving relatively high foreign direct investment in the Middle East, according to a report. The report developed by Deloitte in conjunction with the Social Prog

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Turkey to explore for oil in Iraq's Qandil area

Energy Minister Taner Yildiz said on Monday Turkey will explore for oil in the Qandil region of Iraq and that a move towards disarmament by the outlawed Kurdistan Workers Party (PKK) should pave the way for this to happen. Yildiz

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Kurdistan's Texas oil tanker unloads in Israel

An oil tanker from Iraqi Kurdistan that was blocked for months from unloading in Texas by a Baghdad legal challenge has sailed back to the Mediterranean and delivered its cargo to Israel, according to trading sources and ship-tracking data.

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