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IEA slashes global oil demand growth forecastThe International Energy Agency (IEA) has revised upwards its forecast for global oil demand growth in 2014 to a modest 1.5 per cent on the back of a more robust outlook for global economic growth, a report said. The IEA now sees demand rising by 1.4 mbpd (or 1.5 per cent) this y More… |
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Libya's Zawiya refinery ramps up outputLibya's Zawiya refinery has returned to pre-shutdown output levels at around 60 percent of capacity and is running Brega crude oil, a senior Libyan oil official said. The 120,000 barrels-per-day (bpd) refinery and port re-opened at the weekend after being shut down by opponen More… |
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Bahrain Energy Forum to draw top leadersMore than 120 government and private sector representatives responsible for Bahrain's energy sector will discuss the latest challenges and issues facing the industry at the upcoming Bahrain Energy Forum 2014. Held under the patronage of the Minister of Finance and the Ministe More… |
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Iran oil exports fall for first time in five monthsIran's crude oil exports fell for the first time in five months in March, and are slated to drop further in April, moving closer to the levels stipulated by November's temporary nuclear deal that eased some sanctions on Tehran. Under the agreement reached in Geneva, Iran& More… |
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Altaaqa Global opens East Africa officeDubai-based Altaaqa Global CAT Rental Power, a global provider of temporary power solutions, has recently opened a branch in Nairobi, Kenya to serve the East Africa territory. The office will cater to several countries, including Tanzania, Rwanda, Burundi, Uganda, Kenya, Somalia, More… |
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Taqa begins storing gas at new Dutch facilityAbu Dhabi energy company Taqa said on Wednesday it had started injecting natural gas into its partially built Bergermeer storage facility in The Netherlands. Europe is seeking to diversify its energy supplies away from Russia and boost its storage capacity to prepare for a potent More… |
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Saudi oil & gas expo to draw 8,000 visitorsMore than 8,000 visitors from almost 30 countries are expected to take part in the sixth edition of the Saudi Arabia International Oil and Gas Exhibition (SAOGE) from November 24 to 26 in Dammam. SAOGE was launched in November 2008 as the premier event for the oil & gas indus More… |
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SEC plans 17 new energy projects in SaudiSaudi Electricity Company is set to implement 17 new projects worth SR7.2 billion ($1.9 billion) as part of its efforts to meet the growing demand for energy, said a report. They include new transformer stations in Waed Al-Shamal, Gurayat, Tabarjal, Al-Jouf an More… |
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Kuwait to invest $35bn in oil projectsKuwait National Petroleum Company (KNPC) will invest $35 billion in expansions and new projects in the coming five years, said the company's chief executive officer Mohammad Ghazi Al-Mutairi. "At the forefront of these projects came the multi-billion dollar clean fuel pr More… |
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Libya to export first oil since rebel dealA tanker is due to load 1 million barrels of crude on Tuesday from Libya's reopened Hariga port, its first export shipment since a deal to end months of closures at its main oil terminals, the National Oil Corp (NOC) said. The outages have raised supply concerns on global mar More… |
