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Saudi Oil Output At 9.923M B/D In March, Exceeding Russia - Data

Δευ, 21 Μαΐου 2012 - 16:39

Oil production in Saudi Arabia, the world's largest crude exporter, rose to 9.923 million barrels a day in March, from 9.853 million barrels a day in February, overtaking Russia as the world's largest producer for the first time in six years, official data showed Sunday.

Saudi Aramco Says Completes 2nd Stage of Karan Gas Field

Δευ, 21 Μαΐου 2012 - 16:39

State-giant Saudi Arabian Oil Co., or Saudi Aramco, said Sunday it has completed, ahead of schedule, the second stage of the kingdom's first offshore non-associated gas field, to meet growing domestic needs.

Siemens Gets First Wind Turbine Order From Chile, 115MW Capacity

Δευ, 21 Μαΐου 2012 - 16:39

German industrial conglomerate Siemens AG (SI) said Monday it received its first wind turbine order from Chile, for a total capacity of 115 megawatt.

Japan GDP May Fall By Up To 5% If Nuclear Power Phased Out By 2030 -Panel

Δευ, 21 Μαΐου 2012 - 16:38

Japan's real gross domestic product would fall by up to 5% by 2030 if the country phases out nuclear power and boosts renewable energy to 35% of its energy supply by that year, a draft report by a government panel showed Monday.

Iraq Earns $8.8B From Oil Sales In April; Highest For Decades

Δευ, 21 Μαΐου 2012 - 16:37

Iraq's revenues from oil sales in April climbed to $8.79 billion, the highest the Middle Eastern country has achieved for decades, the oil ministry said in a statement Monday, adding that Iraq had sold its oil at an average price of $116.8 a barrel.

Deputy Economy Minister Enters Power Grid Operator Board

Δευ, 21 Μαΐου 2012 - 12:57

The state-run Bulgarian Energy Holding (BEH) said it appointed deputy economy minister Evgenia Haritonova as member of the board of directors of the state power grid operator NEK.

Kurdistan Pipeline to Start Exports in 2013

Δευ, 21 Μαΐου 2012 - 12:46

Iraq's autonomous Kurdistan region expects to start exporting its oil along a new pipeline to the Turkish border by August 2013, defying Baghdad in a long-running dispute over who controls the country's oil sales.

Iran Makes Caspian Oil Discovery

Δευ, 21 Μαΐου 2012 - 12:45

Iran has made an oil discovery in its sector of the Caspian Sea, which it claims could contain around 7bn-10bn bl of crude.

Japan Govt To Ask For Power Usage Cuts At Peak Times This Summer

Παρ, 18 Μαΐου 2012 - 18:28

The Japanese government will likely ask for power usage cuts across most of the country in the peak summer demand period as all of the nation's nuclear plants remain offline, according to a draft report compiled by a government-affiliated panel.

Total: Fallout Of Arab Spring Will Sustain High Prices

Παρ, 18 Μαΐου 2012 - 18:27

High oil prices will be sustained in part through increased social spending by Middle Eastern governments in the wake of the Arab spring, Total SA (TOT) Chief Economist Pierre Sigonney said Friday.

Turkey Warns Of Reprisals Over Cyprus Energy Projects

Παρ, 18 Μαΐου 2012 - 18:27

Turkey Friday threatened reprisals against companies bidding for oil and gas drilling projects off Cyprus, in the latest spat between Ankara and the island's internationally recognized government.

WTI Discount To Brent Likely Permanent - Total SA

Παρ, 18 Μαΐου 2012 - 18:27

The current discount that WTI crude has to Brent is likely to be permanent, although it will narrow as pipelines carry more oil away from the Cushing pricing hub in Oklahoma, says Total SA's (TOT) Chief Economist Pierre Sigonney.

Qatar Producing Crude Oil At Full Capacity

Παρ, 18 Μαΐου 2012 - 18:26

Qatar is producing crude oil at full capacity and sticking to its OPEC quota, Minister of Energy and Industry Mohammed Bin Saleh Al-Sada said Friday.