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Oil Futures Fall as Libya Resumes Exports From Brega Terminal

Oil Futures Fall as Libya Resumes Exports From Brega Terminal

Τρι, 27 Αυγούστου 2013 - 16:53

Oil futures fell Monday as Libya resumed crude exports from a previously closed terminal, though traders continued to monitor the conflict in Syria for word of a potential military response by the U.S. and other Western nations.

Syria Will Defend Itself Against Any U.S.-Led Attack -Foreign Minister

Syria Will Defend Itself Against Any U.S.-Led Attack -Foreign Minister

Τρι, 27 Αυγούστου 2013 - 16:52

Syria's Foreign Minister Walid al Moallem said Tuesday that his country will defend itself against any military attack led by the U.S. while challenging Western countries to provide evidence that his government used chemical weapons in a recent attack outside the capital Damascus.

Total Buys Chevrons Retail Fuel Network, Aviation Businesses in Egypt

Total Buys Chevron's Retail Fuel Network, Aviation Businesses in Egypt

Τρι, 27 Αυγούστου 2013 - 16:51

Total SA (TOT) and Cairo-based Beltone Private Equity said Tuesday they have bought the Egyptian retail fuel stations and aviation businesses of Chevron Corp. (CVX), creating Total's largest marketing and services subsidiary outside of Europe.

Iraq Blames Shell For $4.6 Billion Lost Income

Iraq Blames Shell For $4.6 Billion Lost Income

Δευ, 26 Αυγούστου 2013 - 17:25

Iraq's oil ministry, struggling with sputtering output, has blamed Anglo-Dutch energy giant Royal Dutch Shell PLC (RDSA.LN) over $4.6 billion in lost revenue due to production delays, in a letter seen by AFP Monday.

Siemens Installs First North Sea Offshore Wind Grid Platform

Siemens Installs First North Sea Offshore Wind Grid Platform

Δευ, 26 Αυγούστου 2013 - 17:24

After a year's delay, German industrial conglomerate Siemens AG (SI) Monday said it has installed the first of four offshore wind energy grid platforms in the North Sea, a key success after the company's setbacks in the sector in recent years.

Petronas 2Q Net Profit Falls 3.5% Despite Higher Sales Volume

Petronas 2Q Net Profit Falls 3.5% Despite Higher Sales Volume

Δευ, 26 Αυγούστου 2013 - 17:22

Malaysian state energy company Petroliam Nasional Bhd said Monday its net profit fell 3.5% in the second quarter from the same period a year earlier, as increased operating expenses eroded margins despite higher sales volume.

Lukoil Says Trained 170 Iraqis, to Train More Next Year

Lukoil Says Trained 170 Iraqis, to Train More Next Year

Δευ, 26 Αυγούστου 2013 - 17:22

Russia's second-largest oil producer OAO Lukoil (LKOH.RS) has completed the training of some 170 Iraqis on various qualifications, including well production, oil and gas treatment, instrumental and control and mechanical engineering, the company said Monday.

Snipers in Syria Fire on UN Chemical Inspectors -UN

Snipers in Syria Fire on UN Chemical Inspectors -UN

Δευ, 26 Αυγούστου 2013 - 17:21

United Nations inspectors examining the site of a suspected chemical weapons attack were fired on by unknown snipers Monday afternoon, forcing the team to retreat and violating a ceasefire agreement by rebels and the Syrian government facilitating the team's work.

Shooting Near Libyan Port Spotlights Unrest in Oil Industry

Shooting Near Libyan Port Spotlights Unrest in Oil Industry

Παρ, 23 Αυγούστου 2013 - 16:05

Shots fired at an oil tanker and accusations of attempted thefts at port facilities have deepened a crisis in Libya's oil industry, triggering fears among major Western oil companies that one of Europe's largest suppliers could soon descend into lawlessness.

Yemen to Raise LNG Prices by 2014

Yemen to Raise LNG Prices by 2014

Πεμ, 22 Αυγούστου 2013 - 16:25

Yemen plans to raise prices on its exports of liquefied natural gas by the end of the year to boost revenues as the U.S. market dries up.