| AME Info News - Energy, Oil and Gas |
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AME Info News - Energy, Oil and Gas
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Oil trade flows already hit by Iran sanctions - IEA
Sat, 11 Feb 2012 13:26:31 +0400
The International Energy Agency (IEA) has said sanctions on Iran are already hitting global oil flows even though a European ban on imports from the Islamic Republic does not come into effect until July, Reuters has reported. The sanctions, designed to curb Iran's nuclear programme that Washington and its allies say aims to produce an atomic bomb, could affect far more Iranian oil than the 600,000 barrels per day (bpd) sold last year to the European Union, said the IEA. "International sanctions targeting Iran's existing oil exports do not come into effect until July 1, but they are already having an impact on crude trade flows in Europe, Asia and the Middle East," it said in its monthly Oil Market Report. [AMEInfo.com]
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Egypt, Iran, Iraq offer highest oil salaries in Middle East, says report
Thu, 09 Feb 2012 15:08:39 +0400
A new salary report that compares average oil and gas salaries by country has listed Egypt, Iraq and Iran as the top payers in the Mena region. [AMEInfo.com]
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Saudi pumped almost 10m bpd in January
Thu, 09 Feb 2012 10:01:38 +0400
Saudi Arabia has produced some 9.87 million barrels per day (bpd) of oil in January, up by around 70,000 bpd from December's daily average, Reuters has reported, citing an industry source familiar with the matter. "Demand continues to remain strong from Asia," said the source. In December, Saudi Arabia produced around 9.8 million bpd, of which around 7.5 million was exported. [AMEInfo.com]
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Qatar Electricity and Water buys stake in Jordan power plant
Thu, 09 Feb 2012 10:01:08 +0400
Qatar Electricity and Water Co (QEWC) has acquired a 23.3% stake in Jordan's Amman East power plant from Bahrain's IDB Infrastructure Fund, in a move by the state-owned Qatari firm to expand its international footprint, Reuters has reported. As part of the deal, QEWC will buy IDB's 38.9% interest in AES Oasis, the 60% owner of the holding company for AES Jordan, QEWC said. No deal value was disclosed for the transaction, which is expected to close in the first-quarter of 2012. The Amman East power plant has an installed capacity of 370 megawatts. [AMEInfo.com]
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China pressures Iran, boosts Saudi and Russian oil imports
Thu, 09 Feb 2012 10:00:09 +0400
China is seeking alternative oil supplies to offset a decline in its imports from Iran, as it negotiates lower prices from Tehran, and has been drawing heavily on Saudi Arabia, Reuters has reported, citing industry sources. Beijing had bought the bulk of an increase in crude oil supplies from top oil exporter Saudi Arabia in the last few months, the sources said. "On average, Saudi exports went up by 200,000 barrels per day and this went to the East, overwhelmingly to China," said one of the sources, a senior executive with the trading arm of a US oil company. [AMEInfo.com]
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