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1-10 results from 1000 for query «oil»

September 25, 2018 12:00 AM Aramco Trading aims for 50pc rise in oil trade volume in 2020

SINGAPORE: Saudi´s Aramco Trading Company (ATC) expects to increase its oil trading volume to 6 million barrels per day (bpd) in 2020, 50 percent higher than current levels, the company´s top official said on Monday. "Currently, we´re at 4 million barrels per day and with expansion I think our target is 6 million barrels per day," President and Chief

September 23, 2018 12:00 AM Nigerian oil unions threaten strike

ABUJA: Nigeria´s two main oil unions have prepared their members for possible nationwide industrial action over a staffing dispute with Chevron, they said on Saturday. Nigeria, an OPEC member, is Africa´s largest oil producer and crude sales make up around two-thirds of government revenues in West Africa´s largest economy. The dilapidated state of its refineries 1

September 23, 2018 12:00 AM Malaysia, Pakistan can enhance joint initiatives: CG

KARACHI: Malaysia and Pakistan through enhanced cooperation and joint initiatives can advance in various social and economic fields, Malaysian Council General Khairul Nazran Abd Rehman said on Saturday. “Bilateral cooperation is not only confined to political and economic spheres, but also in other areas such as education, tourism, defence and technical 1

September 21, 2018 12:00 AM Italy judge jails two in Nigeria oil graft case

MILAN: A Milan court sentenced two defendants in a Nigeria corruption case to jail on Thursday in what is a first ruling on one of the oil industry’s biggest graft scandals. Nigeria’s Emeka Obi and Italian Gianluca Di Nardo were both found guilty of international corruption and each given four-year jail sentences, two sources with knowledge of the ruling 4

September 17, 2018 1:26 AM Govt plans new slab for poor gas consumers

ISLAMABAD: Amid poli­tical pressure, the government is likely to create a new slab for poor domestic consumers with minimal impact of proposed 46 per cent increase in gas tariff. The Economic Coordina­tion Committee (ECC) of the cabinet will meet on Monday (today) to consider the consequences of creating four domestic slabs from the existing three 3

September 16, 2018 12:00 AM Europe must offset US pullout from nuclear deal: Iran

BERLIN: Europe should take action to neutralise the consequences of the US decision to quit a 2015 Iran nuclear accord to ensure its own long-term economic interests, Iran´s Foreign Minister said in an interview published on Saturday. Mohammed Javad Zarif told Germany´s Der Spiegel news magazine that Iran could "reduce its implementation" of the agreement 2

September 16, 2018 12:00 AM Iraqi parliament elects pro-Iran candidate as speaker

BAGHDAD: The Iraqi parliament elected the candidate of a pro-Iran list as speaker on Saturday, paving the way for the formation of a government more than four months after legislative polls. The country has been in political paralysis since the May 12 ballot, but the election of a speaker is expected to solidify new parliamentary alliances. Iraq has a proportional 2

September 15, 2018 12:00 AM Weekly inflation up 0.20 percent

ISLAMABAD: Inflation for the week ended September 13 for the combined income group registered nominal increase of 0.20 percent as compared to the previous week, data released by the Pakistan Bureau of Statistics revealed on Friday.The sensitive price indicator (SPI) for the week under review in the abovementioned group was recorded at 228.02 points against 5

September 14, 2018 12:00 AM Saudi Arabia raises $2bln with new Islamic bonds

DUBAI: Saudi Arabia has raised $2 billion in new sukuk, or Islamic bonds, completing its external funding requirements for 2018. The transaction is the kingdom´s second international sale of sukuk after a $9 billion issue last year. The bond sale was "part of the Ministry of Finance´s commitment to the development of the Shariah-compliant debt capital 3

September 12, 2018 1:07 AM No waiver to India for Iranian oil, Chabahar port: US

WASHINGTON: A senior US official has said that Washington is not offering waiver to any country from curbs on commercial deals with Iran and so far, the restriction applies to India as well, which is a major importer of oil from Iran. Alice G. Wells, Principal Deputy Assistant Secretary of State for South and Central Asia, said in a conference call with journalists