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    <title>Dana Gas discovers new gas well in Egypt</title>
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    <pubDate>Sun, 05 Sep 2010 12:02:04 +0400</pubDate>
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        UAE-based Dana Gas said it has made another gas discovery in Egypt, the firm's fourth gas find in the country. The well, South Abu El Naga-1ST in the Nile Delta region, has preliminary estimated reserves of 50 to 90 billion standard cubic feet of gas, with 1 to 2 million barrels of associated condense, Dana said in a statement. 
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    <title>Yemen to offer rights to 15 hydrocarbon blocks</title>
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    <pubDate>Sun, 05 Sep 2010 09:54:02 +0400</pubDate>
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        Yemen's oil minister, Amir al-Aidarous, has said announced that the country plans to offer next month the rights to develop 15 offshore hydrocarbon blocks as it seeks to boost production, Bloomberg has reported. Yemen will offer the blocks to international companies during a two-day conference in Sana'a in October, he said. A lack of exploration activity over the last ten years caused the production drop, al-Aidarous said. "There is a decline not because of the non-availability of oil, but because of the absence of an exploration vision," he noted
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    <title>Dependence on Opec oil to rise, says IEA</title>
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    <pubDate>Sun, 05 Sep 2010 09:51:14 +0400</pubDate>
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        The International Energy Agency has said that worldwide reliance on the Organization of Petroleum Exporting Countries (Opec) for crude oil is expected to rise in the next five to 10 years as output by non-Opec nations falls, AFP has reported. "We have seen an increase in non-Opec supplies. But in the mid-term, non-Opec production will decline," Nobuo Tanaka, the agency's executive director, told reporters on the sidelines of a conference in New Delhi. "So dependency on Opec oil will increase," he said.
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    <title>Middle East gas oil premiums fall</title>
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    <pubDate>Sat, 04 Sep 2010 09:17:59 +0400</pubDate>
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        Gas oil premiums in the Middle East fell for a second consecutive week in response to reduced buying from flood-stricken Pakistan and lower seasonal demand, Reuters has reported, citing traders. Regional premiums on free-on-board (FOB) basis for 500 ppm were pegged at $1.50-$2.20 per barrel, for 0.2% gasoil at $0.5-$1.10 barrel and 0.5% at $1 per barrel. That compares with the sale made public last week of 80,000 tonne cargoes of 0.2 per cent sulphur gas oil for September delivery at a premium of $1-$1.10 a barrel to Middle East spot quotes. 
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    <title>South Korean firm wins $1.46bn Saudi water plant contract</title>
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    <pubDate>Thu, 02 Sep 2010 10:00:49 +0400</pubDate>
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        Saudi state-owned Saline Water Conversion Corp (SWCC) has awarded South Korea's Doosan Heavy Industries and Construction a $1.46bn contract to build a new desalination plant in the kingdom, Reuters has reported. The plant will produce 1.025 million cubic metres of desalinated water per day and will be integrated with a 2,400 megawatts (MW) power plant, in Ras Azzour, on the Gulf coast. The plant, expected to be the world's largest would be completed in January 2014, Doosan said.
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