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  • No offers on oil block 11 in Iraq energy bids-government

    Enoc, Aldrees team up for Saudi fuel forecourts

    Emirates National Oil Co (Enoc) has teamed up with Saudi fuel retailer Aldrees to build at least 40 service stations in the kingdom, the companies said on Tuesday, in a deal the Dubai-government owned retailer hopes can recover some of its losses at home.

    August 28, 2012 6:40
  • Iraq's terms deter oil, gas explorers at auction

    Turkey, Iraq differ on whether oil exports resumed

    The flow of crude oil on a link carrying about a quarter of Iraq's total exports has resumed on one of two pipes after a fire shut it down, Turkish Energy Minister Taner Yildiz told Reuters on Tuesday.

    August 28, 2012 6:39
  • Saudi deals boosted US arms sales to record $66.3 billion in 2011

    Saudi deals boosted US arms sales to record $66.3 billion in 2011

    Saudi Arabia bought $33.4 bln in U.S. weapons; Russia, world's No. 2 supplier, sees sales nearly halved; French arms sales more than double

    August 28, 2012 10:30
 
  • Kuwaiti hostage Issam al-Houti stands with his Lebanese wife Fawzia and daughter Hana, after being released in Baalbek city in the Bekaa vally, in eastern Lebanon

    Captors free Kuwaiti hostage in Lebanon

    A Kuwaiti national was freed by his kidnappers in Lebanon on Monday, state-run news agency KUNA said, and the man said he had been accused by his captors of funding the Syrian uprising.

    August 28, 2012 10:29
  • Iran buys Wheat supply

    Saudi Arabia’s grain storage capacity to rise 27 percent in 3 yrs

    Saudi Arabia plans to raise the storage capacity of its grain silos by 27 percent over the next three years from the current 2.52 million tonnes, the director general of the state-run Grain Silos and Flour Mills Organisation (GSFMO) said on Monday.

    August 28, 2012 9:59
  • Turkey's Ceyhan export terminal

    Fire shuts Iraqi crude oil pipeline to turkey

    A fire on a pipeline carrying about a quarter of Iraq's oil exports forced the closure of the link on Monday and halted loading at Turkey's Ceyhan export terminal, security and shipping sources said on Monday.

    August 27, 2012 5:11
 
  • Oil

    Oil Adds 1 Pct On Euro Zone Hopes, Tight Supply

    M. East tensions, North Sea supply crunch support prices; U.S. crude inventories rose 100,000 bbls last week

    August 22, 2012 5:44
  • Iran-oil-sanctions

    Iran Looks To Armenia To Skirt Bank Sanctions

    Iran increasingly isolated, feeling sting of sanctions; Diplomats: Iran interested in expanding banking in Armenia; UAE, Turkey still key for Iran banks, but less welcome; Armenia denies illicit banking links to Iran

    August 22, 2012 5:42
  • Iran buys Wheat supply

    Iran makes big discreet Wheat buy

    Iran has in the past exported wheat but the trade sanctions were imposed after a bad harvest, forcing the country to quietly enter global markets and make substantial wheat purchases to help feed its large population

    August 22, 2012 8:47
 
 
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