China's Ministry of Commerce(MOC)has announced that during last week(December 17-23)the average steel price in China increased by 0.2 percent compared to the previous week.In particular,in the given week prices of 10 mm steel plate,12 mm ...
Tags: MOC, average steel price, China, hot rolled sheet
Japan's largest refiner,JX Nippon Oil&Energy,plans to process 6.33 million kiloliters(39.8 million barrels or 1.28 million b/d)of crude oil for the domestic market,in January,down 1%year on year,a company official said Wednesday. The ...
Tags: Japan's JX, crude throughput, LPG tanks, refiner
Business Line reported that with domestic natural gas output declining for the 24th straight month in November,gas sourcing and transmission companies are left with little option but to import. The country's natural gas output fell ...
Tags: India, Gas Output, PPAC, Reliance Industries, Dip and Oil Output, GAIL
Tehran Times reported that Iranian private sector company SANIR will implement a project worth USD 108 million in Sri Lanka aimed to provide electricity to around one thousand villages in the country. According to Sri Lanka’s Power ...
Tags: power supply project, power supply, electricity, crude oil, refined oil
Reuters reported that Rosneft,seeking to wrap up Russia's largest-ever takeover deal,raised USD 16.8 billion in bank loans and signed long-term supply deals with two leading oil traders that could be worth as much as USD 50 billion. ...
Iran oil industry has launched an international insurance company to insure the tankers transporting its crude oil across the globe. Iranian Oil Minister Rostam Qassemi was quoted by English.farsnews.com as saying that after international ...
Tags: international insurance company, insurance company, oil tankers
Reuters cited Mr Rostam Qasemi Oil Minister as saying that western sanctions on Iran's shipping and energy sectors caused serious problems for its oil industry earlier this year but Iran has mostly overcome those challenges. Iranian ...
Tags: Iran, Sanction Challenges, US and European
The Moscow Times reported that Italian refiner Saras is to form a joint venture with Rosneft that will allow it to tap the Russian group's crude oil portfolio in return for access to the wider Mediterranean. Saras said that the two sides ...
Tags: Joint Venture, Oil and Gas, Crude Oil, Oil Heating Prices
According to EC Harris, the global consultancy, tender prices for construction work in the UAE fell by 3% during 2011 and are expected to remain at the same level this year. Over the 12 months up to December, the price of nearly all ...
Tags: EC Harris, construction work, crude oil, cement
In September 2012, the total value added of the industrial enterprises above designated size was up 9.2 percent year-on-year (the following growth rates of value added are real growth rates, after deducting price factors), 0.3 percentage ...
Tags: industrial enterprises, year-on-year growth, automobile industry
US rigs drilling for crude oil dropped by the most in 20 years, although the shift might have been affected by producers listing rigs as seeking natural gas. One analyst said that oil rigs were down 41 to 1,340, while rigs seeking gas ...
Tags: US, crude oil, natural gas, oil rigs
The Express Tribune reported that Iran has given Pakistan an offer that looks like it is too good to refuse. Tehran offered 100,000 barrels per day of crude supply to fuel starved Pakistan on a long term deferred payment. Sources said ...
Tags: Iran, oil, energy, oil industry
Oil prices in the global markets have risen amid news of a decline in US petroleum inventories, with Brent North Sea crude for February climbing USD 1.52 to end at USD 110.36 per barrel in London trade. AFP reported said that oil prices ...
Tags: Oil, prices, global markets, US petroleum inventories
In October 2012, the total value added of the industrial enterprises above designated size was up by 9.6 percent year-on-year (the following growth rates of value added are real growth rates, i.e., deducting price factors), increased 0.4 ...
Tags: Industrial Production Operation, Service, National Bureau
NuStar Energy has entered into a long-term pipeline and terminal services agreement with ConocoPhillips that will expand the liquids terminal and pipeline operator's South Texas Crude Oil Pipeline System, NuStar said Thursday. The ...
Tags: oil pipeline system, oil, liquids terminal, Crude Oil Pipeline System