Arabian Gulf News
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Libya is to free four foreign Christians arrested in the eastern city of Benghazi for proselytizing after more than a month in jail, an official said.
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Waha Oil Co.’s pipeline in Libya was shut because of a strike at its Gialo field resulting in a cut in the country’s crude output by 120,000 barrels a day, Oil Minister Abdulbari al-Arusi said.
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Rates for the largest oil tankers will rally as Persian Gulf exports rebound during the next several months, driven by increased demand from U.S. refineries, according to Morgan Stanley.
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Somaliland is optimistic that a search for oil by Genel Energy Plc, run by former BP Plc Chief Executive Officer Tony Hayward, will find commercial quantities of crude, Mines and Energy Minister Hussein Abdi Dualeh said.
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Libya’s Arabian Gulf Oil Co. has contacted its foreign clients to discuss direct marketing of crude and oil products instead of via its state-owned parent company, a company official said today.
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Libya’s Arabian Gulf Oil Co.’s oil production will rise to its normal level of 400,000 barrels a day by the end of next month from 305,000 barrels a day, the state-run National Oil Corp. said on its website.
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Glencore International Plc bought a cargo of European naphtha, bringing its purchases to at least 12 since the start of last week. Vitol sold at least 29 cargoes of the fuel this month.
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Iranian aircraft fired on an unarmed U.S. Predator drone that was conducting routine surveillance in international waters, Pentagon spokesman George Little said.
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Libya’s Arabian Gulf Oil Co. has not reduced crude production, its parent National Oil Corp. said on its website, refuting an earlier statement from the company known also as Agoco.
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