19th February 2010
Angola, vying with Nigeria to be Africa’s biggest oil producer, plans to ship 3.5 percent fewer crude cargoes in April than in the previous month.
Companies including BP Plc, Europe’s largest oil company, will load 55 cargoes comprising 13 grades, according to a shipping program from state-owned Sonangol SA. That’s fewer than the 57 cargoes the Organization of Petroleum Exporting Countries member is scheduled to load in March.
Luanda-based Sonangol will load 29 of the 55 cargoes in April...
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19th February 2010
Iran has 2,000 kilometers of Persian Gulf oil pipelines that need to be repaired or risk leaking, which may result in “serious sea pollution,” Mohammad-Javad Mohammadi-Zadeh, vice president of the country’s environmental protection agency, said in the state-run Islamic Republic News Agency.
by Enresol Information Desk...
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16th February 2010
The U.K. should expand tax incentives to producing oil and natural-gas fields in the North Sea to increase output, said James Smith, chairman of Royal Dutch Shell Plc’s U.K. office.
The U.K. plans to make more deposits eligible for tax incentives, Chancellor of the Exchequer Alistair Darling said Dec. 9. The changes could support an additional 300 million barrels oil equivalent of crude and gas production.
“It’s a good start, but I don’t think it will be enough,” Smith said yesterday in...
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