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Bahrain real GDP grows 3.9pc in 2012Bahrain's real gross domestic product (GDP) is estimated to have expanded 3.9 per cent last year from the 1.9 per cent growth seen in 2011, according to a new report. Even as the oil sector shrank by around 8.5 per cent in 201 More… |
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Kuwait replaces top oil sector officialsState-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $2.2 billion in damages to Dow Chemical Co over a scrapped plastic More… |
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Harris Pye opens Dubai officeHarris Pye, a specialist in the provision of repairs, upgrades and conversions to the marine, offshore oil and gas sector, has opened its brand new office at Jumeirah Lakes Towers in Dubai. The company was established to centraliz More… |
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EOR 'will anchor oil prices below $100'Enhanced oil recovery (EOR) techniques could boost US domestic oil production by 4 million barrels per day for 50 years, while storing all the emissions from 93 large coal-fired power plants, at a More… |
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Japan-Taiwan venture wins Qatar dealQatar has awarded a contract to build the $1.5 billion Laffan 2 refinery to a joint venture of Japan's Chiyoda Corporation and Taiwan's CTCI Corporation, state-run Qatargas said on Tuesday More… |
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Firm dollar hits oil, gold, sharesOil and gold prices fell on Monday as the dollar strengthened, dragging Asian shares lower, but Japanese equities outperformed on the back of the yen's slide to a fresh 4-1/2-year low against the US currency. Investors remaine More… |
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US blacklists firms for evading Iran oil sanctionsThe US has blacklisted two companies it says helped Iran evade sanctions on oil sales and slapped penalties on four Tehran-based firms it says helped the Islamic Republic enrich uranium, the latest efforts to pressure Iran's nuclear program. More… |
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Turkey to help Iraq build more oil, gas pipelinesOpec member Iraq will need new oil pipelines to export its crude to world markets as it prepares to raise production, and Turkey is keen to help its neighbour build the infrastructure, said Turkey's Energy Minister. Iraq, the More… |
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Sanctions help stoke Iran property boomThe Iranian property developer leant back in his chair, drew hard on a shisha pipe and looked down at photographs of a Tehran apartment block on his tablet computer. "I designed it myself," he said proudly as he blew a c More… |
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Oil below $104; concerns outweigh China dataOil slipped below $104 a barrel on Wednesday as a rise in crude imports by China and a surprise jump in German industrial output could not shake off persistent concerns about global demand. China's daily crude imports in April More… |
