Wednesday 1 April 2015

Pumping resumed in Iraqi oil pipeline to Ceyhan

Crude flow in the Iraqi pipeline carrying Kirkuk and Kurdish oil to Turkey's Mediterranean port of Ceyhan resumed after a technical problem was fixed, an official at Turkish state pipeline operator Botas told Reuters.   The pipeline was pumping around 425,00


India skips Iran oil imports in March under US pressure

India halted oil imports from Iran for the first time in at least a decade in March as New Delhi responded to US pressure to keep its shipments from Tehran within sanction limits during the last month of negotiations on a preliminary nuclear deal.   Iran and six


Abu Dhabi’s first solar car to go on show at Yas Mall

Yas Mall is set to showcase a solar car, conceived in Japan, but built by students in Abu Dhabi, which debuted at a race earlier this year. The Abu Dhabi’s Petroleum Institute Research Center and University solar car will return by popular demand to be viewed on April 1 in


Caution needed in dealing with Iran says expert

Oil and gas operators planning to re-enter the Iranian market could face months of delay even if sanctions are lifted this month, according to energy experts at international law firm Pinsent Masons.   The so-called P5+1 countries - four members of the Security Council plus G


More Iran oil post-sanctions may hurt Iraq

A possible surge in Iranian oil exports from an end to sanctions will reboot a struggle between top Middle East producers for Asian buyers, with Iraq looking the most vulnerable. The latest twist to the saga of aggressive marketing is the world oil glut and low prices, likely to


Subsidies overhaul underway in Bahrain

A comprehensive study on overhauling the subsidy system is currently underway at Cabinet level in Bahrain, Information Affairs Minister and official government spokesman Isa Al Hammadi said yesterday (March 30). Expatriates and private companies, not Bahrainis, will be affected b


Oil extends losses over Iran supply fears

Oil futures extended losses on Tuesday, as Iran and six world powers ramped up the pace of negotiations to reach a preliminary deal that could ease sanctions and allow more Iranian crude onto world markets. With a deadline less than 24 hours away, United States, Britain, France,


Qatari investors to buy 49pc Shandong Dongming Petchem stake for $5bn

Qatar's Qatra for Investment & Development (QID Group) and Hamad Bin Suhaim Enterprises have signed an initial deal to acquire 49 per cent of China's Shandong Dongming Petrochemical Group worth $5 billion, executives from the firms said.   The deal i


Too early to say when Libya oil ports can reopen

It is too early to say when Libyan oil ports Es Sider and Ras Lanuf can reopen after a force loyal to a self-declared Tripoli government pulled out troops from frontlines near to the terminals, an oil official said.   Security and technical checks needed to be c


Oil prices to stabilise as demand rises: Poll

 Oil prices should stabilise in the second half of this year and rise in 2016 and 2017 as consumers respond to a period of much cheaper fuel, a Reuters poll of analysts showed.     The survey of 34 analysts predicted

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