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An Israeli gas platform is seen in the Mediterranean sea August 1, 2014. REUTERS/Amir Cohen/File Photo
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This undated file photo shows a liquefied petroleum gas refinery in Arzew near the western city of Oran Zohra, Algeria. (Reuters)
Algeria awards 4 out of 31 oil, gas blocks on offer
Algiers, Reuters—Algeria awarded four of 31 oil and gas field blocks on offer to foreign consortiums on Tuesday in its first attempt since a disappointing 2011 bid to draw investors to help offset its stagnant production. Spain’s Repsol in partnership with Royal...Caption:
This file photo shows oil tanks at the Saudi Aramco headquarters during a media tour at Damam city, Saudi Arabia, on November 11, 2007. (Reuters/Ali Jareki/Files)
New refineries will boost Saudi share of petroleum products market: experts
Al-Khobar, Asharq Al-Awsat—The opening of two new oil refineries in Saudi Arabia will help the Kingdom maintain and grow its share of the global crude and petroleum products markets, sector experts have told Asharq Al-Awsat. The SATORP Jubail Export Refinery, owned by...Caption:
People wait to buy fuel at a petrol station in Cairo, Egypt on July 6, 2014. (Reuters/Amr Abdallah Dalsh)
Egypt seeking $1.5 bn loan to repay oil debts: Oil Minister
Cairo, Reuters—Egypt is looking to borrow at least 1.5 billion US dollars from local and international banks in order to repay debt owed to foreign oil companies operating in the country, Oil Minister Sherif Ismail told Reuters on Sunday. Egypt wants to repay money it...Caption:
The oil tanker SCF Byrranga, which was renamed the United Kalavryta in March 2014 and is currently off the coast of Texas with a cargo of Kurdish crude oil, is seen off the Isle of Arran, Scotland in this handout photo taken February 21, 2014. (REUTERS/Tom Duncan/Handout via Reuters)