Recent Posts

Iraq Sept oil exports from southern ports rise slightly

  BASRA /Reuters Iraq’s oil exports from the southern ports rose to an average of 3.245 million barrels per day (bpd) in September, from 3.230 million in August, the oil ministry said on Saturday. OPEC’s second-largest producer also exported 935,270 barrels – an average of 31,176 bpd – via pipeline to the Turkish Mediterranean port of Ceyhan in September, the ...

Read More »

Saudi’s Kingdom Holding sells four seasons Toronto for C$225mn

  Reuters Saudi Arabia’s Kingdom Holding , the investment firm owned by billionaire Prince Alwaleed bin Talal, said on Sunday it had sold the Four Seasons Hotel Toronto for a gross price of 225 million Canadian dollars ($171.8 million). The property was sold to family investment vehicles related to Shahid Khan, Pakistani-American founder of automobile parts maker Flex-N-Gate Group and ...

Read More »

Saudi’s Ma’aden starts output at alumina plant

  Reuters Saudi Arabian Mining Co (Ma’aden) said on Sunday that a subsidiary had started commercial production at a new bauxite mine and alumina refinery which could begin exporting some of its output in coming months. Production will reach maximum annual capacity of 1.8 million tonnes of alumina by early 2017, meeting Ma’aden’s domestic requirement of 1.4 million tonnes for ...

Read More »
Send this to a friend