2005
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Saudi eyes take-or-pay
Saudi Arabia is willing to pursue longer-term oil supply contracts with Asian consumers,... Read full article »
Kuwait restarts oil unit
Kuwait is to restart an oil gathering centre with the capacity to produce around 300,000 bpd by... Read full article »
Japan wins USD3bn water project
A consortium lead by Japan-based Marubeni Corp has won a USD3bn 20-year power generation and... Read full article »
Oil price almost back to USD44
Crude oil futures jumped toward USD44 a barrel yesterday as colder weather approached the... Read full article »
Iraq exports drop to 1.16m bpd
Iraqi crude oil exports fell to 1.16m bpd during December due to sabotage attacks on facilities.... Read full article »
KSA down to 9m bpd
Saudi Arabia has cut back oil production to 9m bpd in line with Opec pledges, reported Oil... Read full article »
Iraq retakes oil security
Iraq has taken over the protection of its oil facilities from a South African contractor. The oil... Read full article »
Mild US winter sees oil slide
Oil prices fell USD1.25 to USD42.20pb on expectations that milder US weather in early January... Read full article »
Insurgents cost Iraq oil USD8bn
Insurgent attacks on Iraq's oil industry have cost the country nearly USD8bn in lost export... Read full article »
VLCC rates tumble 25-30pc
Rates for chartering Very Large Crude Carriers have tumbled from USD230,000 a day in November to... Read full article »
IEA, oil prices to ease
The International Energy Agency thinks oil prices should retreat in 2005 after their 32 per cent... Read full article »
Iraq foils refinery attack
Iraqi security forces yesterday successfully foiled an attempt to attack a refinery in southern... Read full article »
Iraq, USD3.7bn oil upgrade
Iraq is set to invest USD3.75bn in new oil refineries and the upgrading of old ones in 2005-7,... Read full article »
