Sunday, March 30, 2014
Friday, March 28, 2014
Syria under attack from Turkey
"The Turkish Aydinlik Dayly (AD) cites Mehmed Ali Ediboglu, an MP for Turkey’s largest opposition party CHP, as saying that the Syrian armed forces have shot down a Turkish drone over the Syrian city of Kassab. The downing of a Turkish drone has international implications, considering that Turkey is a core NATO member state."
Friday, March 14, 2014
FEBRUARY 25, 2014 , 9 : 56 AM GST
Muscat: Technical challenges facing the oil and gas sectors inOman were discussed at the Majlis Al Shura on Monday.
The Majlis Al Shura held its meeting, headed by Khalid bin Hilal Al Maawali, Chairman of Majlis Al Shura. The Majlis hosted Dr Mohammed bin Hamad Al Rumhy, Minister of Oil and Gas.
The meeting started with a speech by the Chairman of Majlis Al Shura in which he said the Majlis Al Shura hoped, through this meeting, to be briefed on the results of new oil discoveries, the added value of petroleum refineries, the sector's contribution to the state's revenue and its reflection on the GDP.
Salim bin Nasser Al Aufi, undersecretary at the Ministry of Oil and Gas, gave a presentation about the oil and gas sectors in the Sultanate. He highlighted the new oil discoveries, areas of investment, and the volume of the daily production of oil, gas and petroleum refineries.
He also focused on investment support and the challenges facing oil and gas exploration and extraction, the techniques used to promote efforts to increase daily production rates of oil and gas, and raise the reserve rates to ensure the sustainability of the growth of the national economy and diversity of resources.
Wednesday, March 12, 2014
FILE: Workers walk past an iron ore storage site at Yingkou Port, one of China's biggest ports for the import of the commodity, Liaoning province. (Reuters)China imported iron ore stockpiles clog ports
" 24-Aug-2012 Intellasia | Caixin | 7:01 AM Print This Post Imported iron ore is piling up at China’s ports, burying the potential for profits at state-owned and private commodities trading companies alike. Demand for ore bought overseas to sell domestically has declined over the past year while the nation’s steelmakers – the traders’ primary customers – work through their own inventories in a weak business environment. Traders are also getting squeezed by a decline in ore prices tied to market adjustments imposed by the world’s major suppliers in Australia, Brazil and India. Traders ranging from the privately held Shandong Huaxin Industry Co. to the sector’s state-owned leader, China Minmetals Corp., are struggling. FILE: Workers walk past an iron ore storage site at Yingkou Port, one of China's biggest ports for the import of the commodity, Liaoning province. (Reuters) “Today, whether large or small, domestic or international, all traders are having business difficulties,” Shandong Huaxin Chair Bai Wenhui said. “Most are posting losse"