Wednesday 6 November 2024
 
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Oman loses $200m due to halt in oil exports

Oman lost $200 million last  week because Cyclone Gonu halted its oil exports, the Kuwaiti state news agency Kuna cited an Omani government official as saying on Monday. The official, who asked not to be named, said Mina al Fahal, Oma

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BP set to announce return to Libya

British oil giant BP will announce on Tuesday it is returning to Libya in a move which British officials say recognises a warming of relations between London and Tripoli.  "Today BP will be announcing they are going back into Libya,"

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Aabar completes Indonesia well drilling

Aabar Petroleum Investments Company has completed drilling and testing operations on an appraisal well in Indonesia. The Makassar Straits-3 (MS-3) appraisal well is in the Sebuku Production Sharing Contract (PSC) offshore east Kalimantan,

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Oman fund takes 30pc stake in DME

Oman Investment Fund (OIF) has taken a 30 per cent stake in Dubai Mercantile Exchange Limited (DME), a joint venture between Tatweer, a member of Dubai Holding, and the New York Mercantile Exchange Inc., (Nymex). This transaction follows t

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