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  <description>2003 news and features</description>
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    <title>Mideast oil steady in thin trade</title>
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    <pubDate>Wed, 31 Dec 2003 08:54:39 +0400</pubDate>
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        Fresh oil deals were elusive this week ahead of the New Year, reported traders in Singapore. They told Reuters the majority of deals were concluded last week with one or two leftover Omani cargoes still unsold for February. But prices are expected to hold steady into the New Year.
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    <title>Danish storage deal for Qatar</title>
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    <pubDate>Tue, 30 Dec 2003 08:50:21 +0400</pubDate>
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        The largest Danish oil company AP Moeller-Maersk has booked the Jahre Viking, the world's biggest oil tanker, for up to five years as a storage vessel in Qatar. The ship can hold 4.2m barrels of oil and will take up its new role in June or July after a USD22m conversion in Dubai shipyards.
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    <title>China boosts supertanker rates</title>
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    <pubDate>Mon, 29 Dec 2003 08:14:00 +0400</pubDate>
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        A surge in demand for Gulf oil from China has sent spot charter rates for supertankers spiralling in the past three months, reported Gulf News. Charter rates of USD30,000 per day have shot up to USD120,000 per day this month. Brokers said the trend was likely to continue.
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    <title>JGC, USD431m Bapco project</title>
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    <pubDate>Sun, 28 Dec 2003 14:35:36 +0400</pubDate>
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        Bapco's low sulphur project was won by JGC of Japan which submitted the lowest bid of USD431m. The project is part of a USD900m previously announced expansion programme aimed at reducing the amount of sulphur in diesel oil. Three international companies competed for the project. 
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    <title>Chinese oil imports to rocket</title>
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    <pubDate>Sun, 28 Dec 2003 09:35:57 +0400</pubDate>
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        Chinese oil imports in 2004 may be bigger than Japan's. In November oil imports rose by 10 per cent to 7.64m tonnes, with total imports set to exceed 80m tonnes this year. Many experts point to rising demand in China as a reason for high oil prices and global oil shortages.
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