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Page 1/14 Nigeria in talks with China on oil blocks
LAGOS: Nigeria is talking with China about selling large stakes in some of its biggest oil blocks, according to a leaked document, in what executives say may be a bid to strengthen its hand with existing Western oil partners.
Chinese state-owned oil company CNOOC, China’s No. 3 oil and gas produc [more...]
Posted on:9/29/2009 KBR wins Saudi Shaybah gas contract
Al KHOBAR: US firm KBR won a contract to work on a natural gas to liquids project at Saudi’s Shaybah oilfield, it said in a statement yesterday.
The award comes just a few days after after Canada’s SNC-Lavalin won another deal for gas work from state oil firm Saudi Aramco. Aramco is focusing [more...]
Posted on:9/29/2009 Kuwait fund plans renewable energy investment
KUWAIT: The Kuwait Investment Authority (KIA), the country’s sovereign wealth fund, is poised to study investment opportunities in alternative and renewable energy, its managing director was quoted as saying yesterday.
“It (the KIA) will not hesitate in investing in this new sector if the viabil [more...]
Posted on:9/29/2009 Reliance’s Aug crude imports at 1.22m b/d
NEW DELHI: Crude oil imports by India’s Reliance Industries, owner of the world’s biggest refining complex, rose nearly 150,000 barrels per day (b/d) in August from July, with Saudi Arabia taking share from absent suppliers Venezuela, Iraq and Russia, shipping data from sources showed.
Reliance i [more...]
Posted on:9/29/2009 Value of Saudi petrochem exports falls in July
RIYADH: The value of Saudi petrochemicals exports fell 27.8 percent in July compared with the same month last year, after dropping 22.2 percent in the second quarter, official data showed yesterday.
The global financial crisis has significantly hit demand for Saudi products since the second half [more...]
Posted on:9/29/2009 BNP Paribas first off the line with rights issue
By Patrick Jenkins
If last week’s G20 meeting in Pittsburgh set the scene for a race to restructure bank balance sheets, yesterday’s rights issue announcement from BNP Paribas fired the starting gun. The plan by France’s biggest bank to raise €4.3bn ($6.3bn) from shareholders, and repay €5.1bn o [more...]
Posted on:9/29/2009 Cost cuts to boost Indian IT as outsourcing is set to rise
By Joe Leahy
After facing one of their toughest years on record over the past 12 months, Indian IT companies are expecting a turnround in business as western financial groups look to outsourcing to help recover from the credit crisis.
Banks in developed countries are now seeking to implement [more...]
Posted on:9/29/2009
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Posted on:9/29/2009
Little hope for India-Pakistan talks for now
ISLAMABAD: Ties between nuclear-armed rivals India and Pakistan will not improve while the cloud of last November’s militant assault on Mumbai hangs over their interactions, Pakistani and Indian analysts said yesterday.
India was using the Mumbai attack to pile pressure on Pakistan and distract a [more...]
Posted on:9/29/2009 Tribal elder and three guards killed in suicide blast
ISLAMABAD: An anti-Taliban tribal elder and three guards were killed by a suicide car bomb yesterday in northwest Pakistan, which is reeling from a spike in deadly militant attacks, police said. The attacker rammed a car packed with explosives into a vehicle carrying the pro-government local leader [more...]
Posted on:9/29/2009
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