Friday 19 September 2014
 
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Imports

EGPC to buy 65pc of its oil products from UAE

Egypt's state oil company Egyptian General Petroleum Corporation (EGPC) will buy 65 per cent of its oil product import needs from the UAE’s Adnoc for one year after the government approved the deal on Wednesday. The agre

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South Korea's Iran oil imports double

South Korea's imports of Iranian crude doubled in August from a year ago but fell 8 per cent in the first eight months year-on-year, reflecting moves by the world's fifth-largest crude oil importer to navigate terms of sanctions relief

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South Africa hopes to resume Iran oil imports

South Africa is looking to resume oil imports from Iran, once its biggest supplier of crude, and hopes to resolve "sanction issues" that have blocked purchases within the next three months, its deputy foreign minister said.

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Saudi mulls camel imports ban as virus spreads

Saudi Arabia suspects a virus that has killed hundreds of people there may have arrived in camels from the Horn of Africa, and could ban such imports until it knows more, the kingdom's chief scientist told Reuters. Any ban on

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Almarai signs two agreements to import feed

Almarai, a major dairy company, has signed two agreements with Ports Development Company (PDC) to invest in the development of infrastructure and logistics operations to aid in the import of cattle and poultry feed. The first agre

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Iraq sees bigger wheat crops cutting imports

Iraq expects its wheat production to rise to 4.2 million tonnes in 2014, reflecting government support for farmers, Khairullah Hasan Babakir said. He did not say what last year's figure was, but the U.S. Department of Agricult

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Saudi nonoil exports top $5bn in March

Saudi Arabia’s nonoil exports reached SR19.24 billion ($5.12 billion) in March, reflecting an increase of 12.5 per cent over the figures for the same month last year, a report said. The kingdom’s dropped 9.1 per cent t

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Aramco to skip diesel term imports

State oil giant Saudi Aramco will skip diesel term imports on a delivered basis, removing a huge chunk of demand from the Asian and Middle East oil markets and potentially reducing refinery margins, industry sources said on Wednesday.

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US oil imports to halve by 2020

Rising oil and gas production and improving energy efficiency in the US could slash its oil imports in half by the end of 2020 from levels seen two years ago, the West's energy watchdog said on Wednesday. The Paris-based Inter

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Dubai gold trade hurt by new Indian tariffs

Indian measures to discourage gold imports is shutting the door on top exporter Dubai, where trade activity has fallen by as much as 60 percent over the past two months, dealers said.  

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