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Khalid Al-Falih speaks to delegates at the 21st World Energy Congress in Montreal, September 13, 2010. REUTERS/Shaun Best/Files
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Libyan protestors hold placards as they demonstrate against the extended mandate of the General National Congress, the country’s highest political authority, in Tripoli’s Martyr square, on January 3, 2014 (AFP PHOTO /MAHMUD TURKIA)
Libya budget crisis looms as oil strikes wipe out finances
Tripoli, Reuters—As strikes at Libyan oil ports run into their sixth month, reducing government income to a trickle, a budget crisis could be just around the corner for a country wearily accustomed to chaos since the popular revolt that ousted Muammar Gaddafi. The...Caption:
In this December 13, 2009 file photo, Iraqi laborers work at the Rumaila oil refinery, near the city of Basra. (AP Photo/Nabil Al-Jurani)
Iraq says China seeking 70 percent more crude in 2014
Daegu, Reuters—Iraq said China is seeking to increase purchases of its crude by more than two-thirds next year, stepping up the rivalry between Baghdad and top exporter Saudi Arabia for a bigger slice of the growing Asian market. Rapid increases in Iraq’s oil...Caption:
Saudi Arabian minister of petroleum and mineral resources Ali Ibrahim Al-Naimi addresses the audience during a lecture at the Center for Strategic and International Studies (CSIS) in Washington, D.C. on April 30, 2013. (AFP PHOTO/ Mladen ANTONOV)