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Oman oil export revenue drops 47% Oman's oil export revenues for the first five months of the year fell more than 47% compared to 2008, despite a 7% rise in output, according to estimates by MEED. Official data of the Sultanate's Ministry of National Economy show that the country had exported 119.25 million barrels of crude oil and condensate during the first five months of 2009, at an average price of $44.84 a barrel. The country's oil and condensate exports rose 6.97 million barrels from 2008, but oil prices declined sharply from the $90.03 a barrel average seen in 2008. AMEOil giant fades into Sun-set Farewell, Petro-Canada. May you rest in peace in Suncor heaven. Although the PCA ticker symbol will flicker across the screens of the Toronto Stock Exchange like an apparition next week, the corporation has ceased to exist one minute past midnight yesterday. Topix.netCNPC signs pact to develop South Azadegan oilfield China National Petroleum Corp has signed a memorandum of understanding with National Iranian Oil Company over the development of South Azadegan oilfield, under which the Chinese company will cover 90 percent of development costs and take 70-percent stake in the project. Topix.net |
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