Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Libyan oil revenues fall short of 2013 projections  Join our daily free Newsletter

MENAFN - Arab News - 18/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) A senior Libyan oil ministry official says oil revenues were 20 percent less than projected in 2013, largely because militias have shut down oil terminals and protests disrupted production



Omar Shakmak, deputy minister for Oil and Gas, said proceeds from Libyan crude yielded a little less than 40 billion, less than the projected 50 billion for 2013.



The loss was mainly in the second half of the year when a militia in eastern Libya shut down major oil terminals, declaring itself an autonomous government and demanding a share of the revenues



In recent weeks, the militia has attempted to sell oil independent of the central government.



The government has threatened it would take action against companies cooperating with the renegade group



OPEC, meanwhile, slightly nudged up its world oil demand growth forecasts for 2013 and 2014, citing positive developments in Europe and North America

For 2013, the 12-member Organization of Petroleum Exporting Countries estimated demand at 89.86 million barrels per day (mbd), up 0.94 mbd from demand in 2012



In its previous monthly report in December, growth had been forecast at 0.87 mbd



The revision was helped by the US economic recovery and hikes in industrial and transportation fuel consumption there, OPEC said

 


Arab News




  MENA News Headlines
 May 25 2015 - Syria: Opposition forces kill 15 Assad regime soldiersThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Syrian opposition forces have killed 15 regime troops in operations in Aleppo, in northern Syria, the opposition said.The spokesman of what is referred to as ...

 May 25 2015 - Jordan calls for 'serious' Palestinian-Israeli talksThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Jordan called on Sunday for launching "serious" and "effective" negotiations between the Palestinians and the Israelis.Foreign Minister Nasser Judeh said the ...

 May 25 2015 - Libya pro-Brotherhood figures to attend Cairo meetingThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Some pro-Muslim Brotherhood figures from Libya will attend a Libyan tribal leaders' meeting scheduled to start in Cairo on Monday, an Egyptian newspaper ...

 May 25 2015 - Kuwaiti Singer Al-Rowaished HonoredArab Times
(MENAFN - Arab Times) Minister of Information and Minister of State for Youth Affairs Sheikh Salman Sabah Al-Salem Al-Humoud Al-Sabah honored Sunday singer Abdullah Al- Rowaished for acquiring an ...

 May 25 2015 - General Assembly Members Of Qadisiya Club Honors Team For Winning Amir CupArab Times
(MENAFN - Arab Times) General Assembly members of Qadisiya Club Saoud Abdul Aziz Al-Babtain and Mohammad Abdul Aziz Al-Babtain organized a ceremony in honor of the number one football team in ...

 May 25 2015 - ALARGAN Posts KD 4.7mn Net Profit In 2014Arab Times
(MENAFN - Arab Times) ALARGAN International Real Estate Company held its ordinary General Assembly meeting on May 24, 2015, with an attendance level that reached 94.51 %. During the meeting, the ...

 May 25 2015 - KSE Kicks Off Week With 21.18 Pts DropArab Times
(MENAFN - Arab Times) Kuwait stocks pulled lower on Sunday after ending the previous week on dull note. The main index dropped 21.18 pts in lackluster trade to close at 631.09 pts as sentiment ...

 May 25 2015 - Kuwait Govt Woos Investors With Lucrative Business EnvironmentArab Times
(MENAFN - Arab Times) Kuwait has a lucrative business environment for foreign investors to ultimately see economic and human development, thus honoring His Highness the Amir Sheikh Sabah Al-Ahmad ...

 May 25 2015 - Jordan- Govts Need To Invest More In Infrastructure: AlghanimArab Times
(MENAFN - Arab Times) Bring more Arab women into the workforce, invest in "bite-sized" infrastructure projects and get the private sector more involved in training young job seekers - these are the ...

 May 25 2015 - Shabaab Fighting In Somalia Kills 24 PeopleArab Times
(MENAFN - Arab Times) Fighting in south Somalia between al Shabaab militants and government forces killed at least 24 people, while a rebel attack in the capital killed three Transport Ministry ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help