Algeria to earn 31 billion dollars from oil and gas in 2004
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Algeria's exports of oil and gas will bring in over 31 billion dollars (24 billion euros) in 2004, Energy Minister Chakib Khelil said.
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Exxon Mobil Corp. XOM.N, the world's  largest publicly traded oil company, on Monday posted the  biggest quarterly profit ever for a U.S. company -- $8.42  billion -- driven by high crude oil and natural gas prices.
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The global economy should register its strongest growth in 30 years in 2004 despite soaring oil prices, which are expected to restrain the US expansion a bit, the International Monetary Fund said Wednesday.
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Exxon Mobil Corp.  plans to  spend about $20 billion annually through 2011 and start  production at 25 major oil and gas projects over the next three  years, the world's largest publicly traded oil company said on  Wednesday.
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According to "Tehran Times", Iran has exported over 12.5 million tons of petrochemical products worth more than $5.3 billion during the first eleven months of the current Iranian year (started March 21, 2006), the Islamic Republic of Iran's Customs Administration (IRICA) reported.
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Oil prices were up 12 cents to $49.88 a barrel in electronic trading in Europe in advance of the opening on the New York Mercantile Exchange.
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HOUSTON -- Exxon Mobil Corp. on Friday posted the largest annual profit by a U.S. company _ $40.6 billion _ as the world's largest publicly traded oil company benefited from historic crude prices at year's end.
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2,88 miliardi di dollari per mega-impianto in Algeria
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Crude oil prices neared US$49 per barrel Friday as Gulf of Mexico crude production rebounded at a slower pace than analysts had expected.
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Crude oil shot up $10.93, or 33.6 percent, in 2004 to finish the year at $43.45 a barrel. Insurgent attacks on Iraqi pipelines and within Saudi Arabia fueled concerns over supply shortfalls even as producers pumped at near full capacity.
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OPEC has agreed to increase its oil output by 500,000 barrels per day from Nov 1, Qatari Oil Minister Abdullah al-Attiyah said on Tuesday, in a gesture to consumer nations' worried by rapidly diminishing fuel stocks and the economic impact of $77 oil.
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Minister of Petroleum Sameh Fahmi said on Monday that there is a national plan to set up 8 giant petrochemical projects at a total investments of $6 billion including $ 3.5 million from foreign partners.
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Crude oil rose to a record $49.74 a barrel in New York amid concern rebel attacks in Nigeria will reduce production and US refiners will struggle to replenish supplies disrupted by Hurricane Ivan.
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The French oil giant said fourth-quarter profit rose 62% to 3.6 billion euros ($5.23 billion) as oil prices rose and and new projects in Angola and Qatar raised production.
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The Organization of the Petroleum Exporting Countries has agreed to increase output by one million barrels a day in a move to lower oil prices.
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Royal Dutch/Shell Group on Wednesday announced a &#36;150 million increase in the amount of money it will spend in 2004 on exploration and production in Europe, bringing the total to &#36;1.8 billion.
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PARIS - Major economic powers agreed to write off $31 billion of Iraqi debt yesterday in a major breakthrough for US-led efforts to get Iraq&#39;s economy back on its feet.