Dubai Records Dh 12.2 Billion Petrochemicals Exchanges
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According to Al-Yaum newspaper (December 12, 2006), a recent study by the Dubai Chamber of Commerce and Industry estimated at Dh 12.2 billion the petrochemicals exchanges of the Emirate of Dubai in 2005, of which 79.3% imports, 14.7% re-exports and 6% exports.
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Between five and eight U.S.  companies are vying for the U.S. port assets of Dubai Ports  World in a second round of the sales process, the official  overseeing the sale said in a letter to U.S. lawmakers obtained  by Reuters on Friday.
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JEDDAH, 30 November 2004 - Saudi Arabia plans to raise its oil production capacity to 12.5 million barrels per day from the current 11 million bpd over the next few years, Petroleum and Mineral Resources Minister Ali Al-Naimi said yesterday.
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Saudi Arabia, the world&#39;s biggest oil exporter, is maintaining spare oil production capacity of about 2 million barrels a day to help avert shortages and control prices, the country&#39;s oil minister said.
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The Organization of Petroleum Exporting Countries boosted crude-oil production 1.2 percent in August, reaching a 25-year high for a second month in an attempt to pull prices back from records, a Bloomberg survey showed.
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NYMEX crude oil futures struck  another record at $48.90 a barrel on Friday before the  prompt-month expiry, as surging violence in Iraq sparked fresh  concerns over supply disruptions.
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Brent crude, London's benchmark oil price, sets a new record of $47.42 a barrel in the face of US production problems.
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According to Al-Yaum newspaper (December 12, 2006), a recent study by the Dubai Chamber of Commerce and Industry estimated at 153,000 the total number of the employed workers in the operating petrochemicals manufacturing companies in the Arabian Gulf States.
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U.S. oil futures set a new record &#36;47.01 a barrel on Wednesday after a new threat against Iraq's oil sector by rebel Shi'ite militia.  U.S. crude traded up 26 cents to set a new high in the 21-year history of the New York Mercantile Exchange contract.
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The broker breaks records with its third-quarter results.
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Between five and eight U.S.   companies are vying for the U.S. port assets of Dubai Ports   World in a second round of the sales process, the official   overseeing the sale said in a letter to U.S. lawmakers.
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HOUSTON -- Exxon Mobil Corp., the world's largest publicly traded oil company, said Wednesday it plans to begin more than 20 new global projects in the next three years, investments expected to add 1 million oil-equivalent barrels a day to its volumes.
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A fire broke out at Jebel Ali port in the United Arab Emirates on Monday, triggering explosions at a depot storing chemicals, a Dubai civil defence official said.
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THE Organisation of Petroleum Exporting Countries (OPEC) is hiking its official output by one million barrels per day effective November with Nigeria getting 82,000 barrels per day or 8.2 per cent of the new quota.
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THE cost of oil soared to a record $US49.64 a barrel today as unrest in Nigeria and Saudi Arabia alarmed traders. Oil futures jumped to their highest closing price on record on the New York Mercantile Exchange.
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The light American crude oil yesterday registered a new high record price of 47.52 dollars per one barrel via electronic trading in London amid fears among the dealers of the increased pressures in the world demands for oil and tension in Iraq.
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Oil prices struck a fresh record above  $48 a barrel on Thursday, spurred higher by renewed violence in  Iraq and fresh evidence that strong demand growth in China and  India has not been slowed yet by higher energy costs.