Monday, July 14th, 2008
Zambia's sole petroleum refinery, INDENI Petroleum Refinery, has stopped producing petroleum products after running out of crude oil feed stock, according to Zambia Daily Mail.
But the government has assured the nation that there is ...
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Monday, July 14th, 2008
Speculation and oil contracts for the future are the major causes of the current oil price hike, Dominican Republic President Leonel Fernandez said Sunday at the 5th PetroCaribe summit.
Fernandez said that currently there are 860,00 ...
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Monday, July 14th, 2008
The member states of PetroCaribe have received 59 million barrels of oil and a fund of 921 million U.S. dollars since it was created in 2005, Venezuelan authorities said Sunday.
The construction of eight companies worth 552 million ...
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Monday, July 14th, 2008
The National Iranian Oil Company (NIOC) and Russian gas monopoly Gazprom signed an agreement to cooperate on development of Iran's oil and gas fields, the official IRNA news agency reported on Monday.
NIOC Managing Director Seifollah Ja ...
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Saturday, July 12th, 2008
The latest estimates of the global energy firm BP showed oil production of the United Arab Emirates (UAE) will last 92 years at current production levels, local newspaper Gulf News reported Saturday.
According to the 2008 BP Statist ...
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Saturday, July 12th, 2008
Mexico's exports of crude oil Friday reached a new record price of 131.45 U.S. dollars per barrel, three dollars more than the previous day, the state oil company Pemex said.
The rise in prices of Mexican oil exports occurred in the ...
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Saturday, July 12th, 2008
Brazil's oil and gas giant Petrobras said Friday that a planned five-day strike by platform workers next week would not affect production.
Petrobras had a contingency plan to maintain output but the company's management was open to ...
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Saturday, July 12th, 2008
Crude futures closed above 145 U.S. dollars a barrel after surpassing the 147 dollars level for the first time Friday on supply concerns in Iran, Nigeria and Brazil.
Light, sweet crude for August delivery rose 3.43 dollars to settle ...
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