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Iran Says it Has About 18,000 Nuclear Centrifuges

Iran Says it Has About 18,000 Nuclear Centrifuges

Iran has about 18,000 centrifuges, including 10,000 active ones, the departing head of the country's atomic agency said Saturday, confirming figures from the U.N. watchdog overseeing its disputed nuclear drive.

Yemen Qualifies 18 Foreign Oil Firms to Bid for 20 Blocks

Yemen Qualifies 18 Foreign Oil Firms to Bid for 20 Blocks

Yemen's oil ministry has qualified 18 international oil companies, including France's Total SA (TOT) and Norway's DNO International ASA (DNO.OS), to bid for 20 onshore and offshore blocks in its sixth auction aimed at boosting the country's hydrocarbon output through foreign investments.

Statoil Makes Gas/Condensate Discovery in Norwegian Sea

Statoil Makes Gas/Condensate Discovery in Norwegian Sea

Norwegian oil and gas major Statoil ASA (STO) said Monday that together with its partners it has made a gas/condensate discovery in the Smorbukk North prospect at Haltenbanken in the Norwegian Sea.

Greece Privatisation Boss Stelios Stavridis Dismissed

Greece Privatisation Boss Stelios Stavridis Dismissed

Finance Minister Yannis Stournaras called for Stelios Stavridis to resign following a report that he had travelled on a plane belonging to a businessman who bought gambling firm Opap from the state.

OPEC Oil Shipments to Fall 190,000 B/D in 4 Weeks to Aug 31

OPEC Oil Shipments to Fall 190,000 B/D in 4 Weeks to Aug 31

Seaborne oil shipments from the Organization of the Petroleum Exporting Countries will fall by 190,000 barrels a day in the four weeks to Aug. 31, compared with the previous four-week period, U.K.-based tanker tracker Oil Movements said Thursday.

Chinese Exchanges Launch Oil Product Trading Platforms -Xinhua

Chinese Exchanges Launch Oil Product Trading Platforms -Xinhua

Petroleum exchanges in three Chinese provinces have launched electronic trading platforms for oil products and the Beijing Petroleum Exchange plans to launch its platform by end-November, Xinhua news agency said in its fortnightly oil report published late Thursday.

Uganda Sees Its Firsts Oil Refinery on Stream by 2018

Uganda Sees Its Firsts Oil Refinery on Stream by 2018

The Ugandan government said Wednesday that the construction of its first oil refinery will come on stream by 2018 as the East African nation continues to develop its nascent oil sector, the energy and minerals ministry said Wednesday.