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    <title>KSA ministry urges gas use</title>
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    <pubDate>Tue, 31 Dec 2002 14:07:57 +0400</pubDate>
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        According to Al-Watan newspaper, following the success of the Natural Gas Distributing Limited Company, which supplied natural gas to nine factories in the second Industrial Estate in Riyadh, the Saudi Ministry of Industry has decided to increase the number of local factories using natural gas as fuel. 
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    <title>Safer pipe for Gulf</title>
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    <pubDate>Mon, 30 Dec 2002 13:35:28 +0400</pubDate>
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        A new pipeline set to be built by the six Arab Gulf Cooperation Council countries will ensure uninterrupted crude oil exports by bypassing the risky Strait of Hormuz, according to media reports. The inland pipeline linking all Gulf states will be less exposed to terrorism activities, and aims to ensure oil exports continue to flow in the event that warring countries block access to the Arab Gulf through the Strait of Hormuz.The AGCC comprises Saudi Arabia, Kuwait, United Arab Emirates, Qatar, Oman and Bahrain.
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    <title>Oil at two year peak</title>
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    <pubDate>Mon, 30 Dec 2002 13:33:36 +0400</pubDate>
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        Oil prices are at a two-year high, over USD33 a barrel, as traders bet on a possible military attack on Iraq early next year, and Venezuelan oil supplies remained choked by a 29-day strike. Front-month February light crude futures on the New York Mercantile Exchange jumped 1.4 percent in off-hours electronic trading to USD33.17 a barrel, marking a 45-cent gain from Friday's close and the highest since December 1, 2000. 
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    <title>OPEC to bolster supply</title>
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    <pubDate>Mon, 30 Dec 2002 13:32:12 +0400</pubDate>
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        The Organisation of the Petroleum Exporting Countries, which controls two-thirds of world crude exports, has pledged to plug any supply shortage due to the strike in Venezuela, OPEC's third-biggest producer. But so far officials have said there were no signs of any real shortage. Kuwait said it expects OPEC to hold an extraordinary meeting to consider raising production if prices remained high, according to Reuters reports.
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    <title>Kuwait takes emergency oil measures</title>
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    <pubDate>Mon, 30 Dec 2002 13:30:25 +0400</pubDate>
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        Kuwait is taking emergency measures to protect its oil facilities against any Iraqi attack in retaliation to a US-led war on Baghdad, Reuters reported. Kuwaiti oil companies are also involved in the emergency measures. OPEC member Kuwait sits on almost ten percent of the world's oil reserves. 
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