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Saudi Aramco in a league of its own

  Bloomberg Saudi Arabia’s state oil producer is in a league of its own. The world’s most valuable company, which supplies about one in every nine barrels of crude produced and runs refineries from the US Gulf coast to the South China Sea, is preparing for an initial public offering to raise about $100 billion as soon as 2017. Selling ...

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Iran says new oil contracts need more amendments

  Reuters Iran’s new oil and gas contracts will need amendments, its oil minister said after a meeting with the speaker of parliament, adding that the new contracts will not be sent to the assembly for final approval. The launch of the Iran Petroleum Contract (IPC) has been postponed several times as hardline rivals of pragmatist President Hassan Rouhani resisted ...

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Qatar central bank says 3bn riyal gov’t bond offer successful

  Reuters An offer of 3 billion riyals ($825 million) of Qatar government bonds, the first domestic government bond offer this year, was successful and showed liquidity in the Qatari banking system is healthy, a central bank official told Reuters on Tuesday. “It was a very successful auction with big demand. It shows liquidity is fine. The demand was fine ...

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