“This is an excellent addition to our deep-water portfolio – a key growth theme for Shell’s world-wide upstream business,” said Andrew Brown, Shell’s Upstream International Director. “It’s also good ...
Tags: First Oil, Deep-Water Project
Alaskan legislators on Wednesday approved the state's buyout of TransCanada's interest in the Alaska LNG Project. The state House of Representatives voted Wednesday to approve funds for the acquisition, which was proposed by Governor Bill ...
Tags: Alaska LNG, TransCanada, oil revenues
National Hard Spring Wheat Show has taken on a different look this year with the incorporation of the Best of the Best program. The 2014 National Hard Spring Wheat Show has taken on a different look this year with the incorporation of ...
Tags: NSDU, Elizabeth Hagen, Frayne Olson
An average 2014 oil price of $81/b for Saudi export crude, or about $85/b for Brent, is likely to be needed for Saudi Arabia to balance state revenues with government spending in the coming year as oil production declines to 9.3 million ...
Tags: Balance Budget, Oil Output
Yemen's main oil export pipeline has resumed pumping crude after it was repaired following an attack last week, the interior ministry said in a statement on Sunday Tribesmen in the northeastern province of Marib blew up the pipeline on ...
Tags: Oil, Metallurgy, Mineral, Energy
Iraq exported 79.9 million barrels of oil and gained 8.3 billion U.S. dollars in revenues in August, which marked the highest level in 2013, the Oil Ministry said on Sunday. An average of 2.579 million barrels were exported daily in the ...
Tags: Oil, Metallurgy, Mineral, Energy
The US on Friday identified eight petrochemical companies it says are owned or controlled by the government of Iran and are therefore subject to sanctions. The US State Department also sanctioned two companies "for knowingly engaging in a ...
Tags: Metallurgy, Mineral, Energy, oil
By John Lee. The United Nations’ Joint Analysis Policy Unit (JAPU) has issued a background paper on Iraq’s budget for 2013. The Government expenditure for 2013 totals IQD 138.4 Trillion ($ 118.3 Billion), with an increase of ...
Tags: United Nations, Iraq's budget, Iraq economy
This article was originally published by Niqash.Any opinions expressed are those of the author,and do not necessarily reflect the views of Iraq Business News. .But the figures don't add up.Doing the sums results in one conclusion:unless ...
Tags: Iraq, budget, Iraqi Cabinet
According to experts interviewed by Gulf News, the UAE economy is expected to grow at a rate between 3.25% to 5% in 2013 in a world still grappling with economic and financial challenges. And much of that growth is a result of government ...
Tags: UAE economy, inflation, UAE, finance
MNA reported that the National Development Fund of Iran has allocated USD 3 billion for financing petrochemical projects. IRNA report said that the sum will be channeled into 11 petrochemical projects, mainly in the west and the south of ...
Tags: Iran, financing petrochemical projects, NDF
Tehran Times reported that Iran inaugurated a large petrochemical complex, with a projected annual output of 300,000 tonnes of high density polyethylene, in the western province of Kermanshah on Tuesday. The report said that the ...
Tags: Metallurgy, Mineral, Energy, petrochemical complex
The Iranian government is preparing the next solar year budget to submit to the Parliament but reportedly with significant difference from current year budget in details. According to the budget law, Iran is expected to sell USD 81 ...
Tags: Oil, Year Budget, budget law
MNA reported that Iran's oil revenues during the Iranian calendar year of 1390 which ended on March 19th 2012 amounted to USD 118 billion. And the Islamic Republic's oil revenues during the first quarter of the current Iranian calendar year ...
Tags: oil revenues, oil export, OPEC governor, OPEC
Noting that Iran is eagerly trying to develop its petrochemical industry, the National Petrochemical Company (NPC) Managing Director Abdolhossein Bayat said the country's petrochemical exports for first seven months of the current fiscal ...
Tags: Textile, petrochemical industry