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| AME Info News - Energy, Oil and Gas | |
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| Description: | AME Info News - Energy, Oil and Gas |
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AME Info News - Energy, Oil and Gas |
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Abu Dhabi accepts bids for power plant
Thu, 15 May 2008 09:20:00 +0400 Abu Dhabi Water and Electricity Authority said it is receiving bids beginning today for setting up a 1500 megawatt power plant and a 100 million gallon water manufacturing plant to meet the growing energy needs of the emirate, reported Khaleej Times. The plants will be located next to the existing power plant at Al Showayhat. [AMEInfo.com] |
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Iran denies plans to trim oil exports
Thu, 15 May 2008 09:14:00 +0400 Iran on Wednesday denied reports that it has any plans to trim crude oil exports. A day earlier the country's president was quoted as saying Tehran was studying a plan to cut output. But Hojjatollah Ghanimifard, international affairs director at the National Iranian Oil Company, said the country is exporting oil as usual and has no plans to cut crude exports, reported Reuters. [AMEInfo.com] |
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UAE's crude oil output up
Thu, 15 May 2008 07:39:00 +0400 The UAE's crude oil output rose 4.33% in the month of April to 2.65 million barrels per day as maintenance-related outages at some of the oil producing fields were likely to have reversed, the International Energy Agency (IEA) said in its latest oil market report. The UAE pumped an average 2.54 million bpd of crude oil in March this year, reported Gulf News. [AMEInfo.com] |
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IEA says oil demand is slowing
Wed, 14 May 2008 11:31:00 +0400 A new report by the International Energy Agency (IEA) predicts that world oil demand will rise less than expected in 2008 because prices have hit record levels and growth in the US and elsewhere is sluggish, reported Reuters. Consumption will rise by 1.03 million barrels per day, 230,000 bpd less than the previous forecast, the IEA said. The agency has more than halved its estimate from 2.2 million bpd in July 2007 and may cut it further. [AMEInfo.com] |
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Oil hits new high
Wed, 14 May 2008 07:38:00 +0400 Oil prices hit a record just shy of $127 on Tuesday after Iran said it was considering cutting output, reported Reuters. US crude jumped $1.77 to $126.00 a barrel by 1604 GMT, after striking a record $126.98 earlier. [AMEInfo.com] |
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