News / International
ADNOC lowers selling price of oil exports after Nov high
Abu Dhabi National Oil Co, which exports most of its oil to Asia, lowered official December selling prices after they reached the highest level in 14 months in November. Iraq awaits oil firms to pass on deal changes
Global companies negotiating multi-billion dollar oilfield deals with Iraq have not yet responded to government requests for adjustments to the contracts, a government spokesman said, contradicting an earlier Oil Ministry statement. Sonangol signs initial pacts for two Iraqi oil fields
Sociedade Nacional de Combustiveis de Angola, better known as Sonangol, signed Wednesday in Baghdad two initial deals to develop Qaiyarah and Najmah oil fields in northern Iraq, officials said. Shell looks to offload Nigerian assets for $5bn
The Anglo-Dutch supermajor Shell's plans to sell US$5 billion worth of oil assets in Nigeria has been met by bemusement by the West African state's government. Oman Oil refinery sees fall in 2009 production
The quantity of oil used at Oman Oil Refineries and Petrochemicals Company declined by 7.2 percent during the first ten months of 2009, in comparision to the same period in 2008, a statistics bulletin issued by the National Economy Ministry said. Algeria’s Khelil sees oil at $70-80 next year
Oil prices are likely to hover between $70 and $80 a barrel next year if the world economy strengthens, Algerian Energy and Mines Minister Chakib Khelil said. Oil prices rise on last day of 2009
World oil prices, which have soared 40 percent this year on signs of global economic recovery, rose Thursday as solid US demand underpinned the market on the last trading day of 2009, traders said. Putin launches new Russia oil route to Asia
Russia launched a new Pacific oil terminal that will allow the world's largest energy producer to conquer Asian markets and divert some Siberian crude flows away from Europe. 
