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Basra Light crude exports to rebound in AprilIraqi exports of medium sour Basra Light crude oil will rebound in April to 2.58 million barrels per day (bpd), trade sources said on Tuesday. The OPEC producer is reclaiming its rank as the world's fastest-growing oil exporter after it cleared many export bottlenecks at the southe More… |
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Aramco to produce gas for phosphate project, power plantSaudi Aramco plans to produce 200 million cubic feet per day (cfd) of unconventional natural gas by 2018 to supply a new phosphate project and a power plant, an industry source said. OPEC member Saudi Arabia aims to develop shale gas for power generation in order to save more of More… |
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Alstom opens smart grid centre in DubaiAlstom, a leading provider of advanced electrical grid solutions, has opened its first smart grid centre in the Middle East in Dubai. The Dubai facility will enable Altstom customers to locally develop and inte More… |
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Experts discuss key geosciences issuesMore than 130 international specialists in the field of geological and geophysical science from 21 countries discussed key issues facing the sector at a key summit being held in Bahrain. His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa yesterday (March 10) d More… |
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Egypt to permit factories to use coal for energyEgypt, which has been cutting back on natural gas supplies to cement factories, said on Monday it would permit cement companies to use coal for energy. The government hopes to forestall an energy crisis this summer and the likelihood of sustained gas shortages in the coming years More… |
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ME oil, gas transaction value up 15pcThe value of oil and gas transactions in the Middle East region surged to $3.1 billion in 2013, up 15 per cent when compared to $2.7 billion the previous year led by major upstream players UAE, Oman and Iraq, said a report. The combined number of oil and gas transactions in these More… |
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Victrex to showcase new product in ParisVictrex Polymer Solutions, a unit of British-based Victrex that produces high-performance polymers, is set to showcase its ‘Peek’ polymer to address the key interests of the oil and gas, and aircraft and automotive industries in Paris this week. The JEC Europe Composi More… |
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Aramco JV puts off giant refinery overhaul to 2015Motiva Enterprises, a joint venture between Royal Dutch Shell and Saudi Aramco, has rescheduled a planned overhaul of a 200,000-barrel-per-day crude distillation unit at its Port Arthur, Texas, refinery until 2015. This is the second time the work has been delayed, sources famili More… |
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Libya threatens to bomb N Korean tankerLibya threatened to bomb a North Korean-flagged tanker if it tried to ship oil from a rebel-controlled port, in a major escalation of a standoff over the country's petroleum wealth. The rebels, who have seized three major Libyan ports since August to press their demands for m More… |
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Bahrain 'producing 850MW of surplus power'Bahrain is now producing 850MW of surplus power, according to a top government official. Minister of State for Electricity and Water Affairs Dr Abdulhussain Mirza said it is sufficient to take care of the kingdom’s needs, taking into consideration a five per cent annual inc More… |
