<?xml version="1.0"?><?xml-stylesheet title="XSL_formatting" type="text/xsl" href="/rss/rss.xsl"?><rss version="2.0"><channel><title>Zawya.com - Oil &amp; Gas News</title><link>http://www.zawya.com/oilgas</link><description></description><language>en-us</language><copyright>Copyright 2009 ABQ Zawya Ltd. All rights reserved.</copyright><lastBuildDate>Sat, 21 Nov 2009 05:20:00 GMT</lastBuildDate><ttl>50</ttl><image><title>Zawya.com | Middle East Business News and Company Directory</title><width>144</width><height>76</height><link>http://www.zawya.com/oilgas</link><url>http://www.zawya.com/images/newsletter_zawya_logo.gif</url></image><item><title>Extra large gas tanker Al Musanaa inaugurated</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091121052037</link><description> Oman&apos;s extra large gas tanker Al Musanaa was inaugurated during a ceremony here yesterday as part of the Sultanate&apos;s celebrations of the 39th National Day.</description><pubDate>Sat, 21 Nov 2009 06:57:53 GMT</pubDate><source url="http://www.zawya.com">Oman Daily Observer </source><guid isPermaLink="false">ZAWYA20091121052037</guid><category>Open</category></item><item><title>Oil prices wobble on recovery concerns</title><link>http://www.zawya.com/story.cfm/sidANA20091120T205940ZMKV44</link><description>Oil prices remained depressed Friday amid a strengthening dollar and concerns over sustainable economic recovery.</description><pubDate>Sat, 21 Nov 2009 06:29:27 GMT</pubDate><source url="http://www.zawya.com">AFP </source><guid isPermaLink="false">ANA20091120T205940ZMKV44</guid><category>Open</category></item><item><title>Oil prices mixed as inventories stay high</title><link>http://www.zawya.com/story.cfm/sidANA20091120T094440ZMHT80</link><description>Oil prices traded mixed on Friday and were likely to stay under 80 dollars amid high energy inventories in the United States, the world&apos;s biggest energy-consuming nation, analysts said.</description><pubDate>Fri, 20 Nov 2009 09:59:58 GMT</pubDate><source url="http://www.zawya.com">AFP </source><guid isPermaLink="false">ANA20091120T094440ZMHT80</guid><category>Open</category></item><item><title>Samsung Engineering Scores UAE Multi-Bn Dollar Refinery Plant Order</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091120091330</link><description>After receiving a $1.2B Fertilizer plant order last month from Fertil, a subsidiary of Adnoc, Samsung Engineering has once again obtained a mega-plant order in the region. </description><pubDate>Fri, 20 Nov 2009 09:34:50 GMT</pubDate><source url="http://www.zawya.com">Press Release </source><guid isPermaLink="false">ZAWYA20091120091330</guid><category>Open</category></item><item><title>Iraq, Kuwait discuss border oil fields</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091120074927</link><description>Iraq and Kuwait discussed in Baghdad the issue of mutual border oil fields, the Iraqi Oil Ministry said on Thursday.</description><pubDate>Fri, 20 Nov 2009 09:17:34 GMT</pubDate><source url="http://www.zawya.com">Aswat Aliraq </source><guid isPermaLink="false">ZAWYA20091120074927</guid><category>Open</category></item><item><title>Modon and Petro Rabigh Company sign an agreement</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091120062443</link><description>Saudi Industrial Property Authority (MODON) and Petro Rabigh Company have signed an agreement. </description><pubDate>Fri, 20 Nov 2009 08:45:04 GMT</pubDate><source url="http://www.zawya.com">Arab News </source><guid isPermaLink="false">ZAWYA20091120062443</guid><category>Open</category></item><item><title>Takreer awards $4.4 billion balance contract for Ruwais Refinery expansion project </title><link>http://www.zawya.com/story.cfm/sidWAM20091119144045509</link><description>Takreer announced today that balance three Contracts worth $ 4.4 billion have been awarded to three South Korean Companies for &quot;Engineering, Procurement, Construction and Commissioning&quot; (EPC) works of the Ruwais Refinery Expansion Project.</description><pubDate>Thu, 19 Nov 2009 14:48:02 GMT</pubDate><source url="http://www.zawya.com">WAM (Emirates News Agency) </source><guid isPermaLink="false">WAM20091119144045509</guid><category>Open</category></item><item><title>Oil prices fall after rally above 80 dollars</title><link>http://www.zawya.com/story.cfm/sidANA20091119T123734ZMDX68</link><description>Oil prices retreated Thursday one day after spiking above 80 dollars on news of falling US energy inventories, as traders banked profits.</description><pubDate>Thu, 19 Nov 2009 13:04:35 GMT</pubDate><source url="http://www.zawya.com">AFP </source><guid isPermaLink="false">ANA20091119T123734ZMDX68</guid><category>Open</category></item><item><title>India Urged to Rejoin IPI Project </title><link>http://www.zawya.com/story.cfm/sidZAWYA20091119112714</link><description>Iran&apos;s Ambassador to India Seyyed Mehdi Nabizadeh has called on India to rejoin the Iran-Pakistan-India (IPI) gas pipeline project, saying the offer would not remain open for an unlimited period. </description><pubDate>Thu, 19 Nov 2009 12:06:36 GMT</pubDate><source url="http://www.zawya.com">Iran Daily </source><guid isPermaLink="false">ZAWYA20091119112714</guid><category>Open</category></item><item><title>$4b for Yadavaran and Jofeir oilfields development plans</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091119040103</link><description> Iranian government approved the development of Yadavaran and Jofeir oilfields as buy-back schemes worth $4.071 billion by China&apos;s Sinopec and Belarusian Belarusneft in order to produce 110,000 barrels of oil per day. </description><pubDate>Thu, 19 Nov 2009 07:23:06 GMT</pubDate><source url="http://www.zawya.com">Tehran Times </source><guid isPermaLink="false">ZAWYA20091119040103</guid><category>Open</category></item><item><title>IPIC aims to acquire</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091119034323</link><description>Abu Dhabi&apos;s IPIC is in takeover talks with five companies including Bayer&apos;s MaterialScience division, IPIC managing director Khadem Al Qubaisi was quoted as saying.</description><pubDate>Thu, 19 Nov 2009 06:55:41 GMT</pubDate><source url="http://www.zawya.com">7Days </source><guid isPermaLink="false">ZAWYA20091119034323</guid><category>Open</category></item><item><title>Bandar Imam petchem exports hit $603m</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091119040143</link><description>Bandar Imam Petrochemical Complex has exported some 1.19 million tons of petrochemicals, worth some $603 million, to 25 countries in the 7-month period which ended October 22, 2009.</description><pubDate>Thu, 19 Nov 2009 06:54:20 GMT</pubDate><source url="http://www.zawya.com">Tehran Times </source><guid isPermaLink="false">ZAWYA20091119040143</guid><category>Open</category></item><item><title>Majlis examining case of missing $1 billion in oil revenues: MP</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091119040441</link><description>Majlis Energy Committee Chairman Hamid-Reza Katouzian has said that the case of the missing $1 billion in oil revenues must be investigated more thoroughly.</description><pubDate>Thu, 19 Nov 2009 06:53:37 GMT</pubDate><source url="http://www.zawya.com">Tehran Times </source><guid isPermaLink="false">ZAWYA20091119040441</guid><category>Open</category></item><item><title>Expert details biological clean-up of oil-contaminated soil, water </title><link>http://www.zawya.com/story.cfm/sidZAWYA20091119032628</link><description> A presentation on the biological clean-up of oil-contaminated soil and water in Oman held recently at the German University of Technology in Oman (GUtech) was a huge success. </description><pubDate>Thu, 19 Nov 2009 06:46:02 GMT</pubDate><source url="http://www.zawya.com">Oman Daily Observer </source><guid isPermaLink="false">ZAWYA20091119032628</guid><category>Open</category></item><item><title>Analysts advocate need for price-band mechanism</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091119045722</link><description>An oil industry analyst has called for a price-band mechanism managed by a global petroleum agency to help control price fluctuation.</description><pubDate>Thu, 19 Nov 2009 06:04:15 GMT</pubDate><source url="http://www.zawya.com">Emirates Business 24/7 </source><guid isPermaLink="false">ZAWYA20091119045722</guid><category>Open</category></item><item><title>President al-Assad Inaugurates South Central Area Gas Plant and First Stage of Arab Gas Line</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091119043711</link><description>Homs - President Bashar al-Assad inaugurated on Wednesday the South Central Area&apos;s gas plant and the first stage of the Arab Gas Line project in Homs.President al-Assad toured the various sections of the project. The President then held a meeting...</description><pubDate>Thu, 19 Nov 2009 06:01:57 GMT</pubDate><source url="http://www.zawya.com">SANA (Syria Arab News Agency) </source><guid isPermaLink="false">ZAWYA20091119043711</guid><category>Open</category></item><item><title>Qatar emerges as an important operator in global markets</title><link>http://www.zawya.com/story.cfm/sid20091118_684_505</link><description>Qatar, which is already exporting 2bn cu ft a day to the United Arab Emirates, is the only Arab Gulf state with spare resources.</description><pubDate>Thu, 19 Nov 2009 05:24:35 GMT</pubDate><source url="http://www.zawya.com">Financial Times </source><guid isPermaLink="false">20091118_684_505</guid><category>Open</category></item><item><title>Oil down in Asian trade after breaching $80 mark</title><link>http://www.zawya.com/story.cfm/sidANA20091119T035456ZMCI20</link><description>Oil prices cooled in Asian trade Thursday after breaching $80, spurred mainly by a decline in US energy stocks, analysts said.</description><pubDate>Thu, 19 Nov 2009 05:02:27 GMT</pubDate><source url="http://www.zawya.com">AFP </source><guid isPermaLink="false">ANA20091119T035456ZMCI20</guid><category>Open</category></item><item><title>Perla Group Plans IPO To Raise $33M</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091119043534</link><description>Dubai-based Perla Group International, which is scheduled to set up an assembly unit for petrol-run helicopters in the UAE, is planning to go public in February 2010 to raise $33 million (Dh121m).</description><pubDate>Thu, 19 Nov 2009 04:44:04 GMT</pubDate><source url="http://www.zawya.com">Emirates Business 24/7 </source><guid isPermaLink="false">ZAWYA20091119043534</guid><category>Open</category></item><item><title>Iraqi leader offers lucrative deals to France</title><link>http://www.zawya.com/story.cfm/sidANA20091118T111238ZLYR05</link><description>Iraqi President Jalal Talabani on Wednesday promised lucrative oil and reconstruction contracts to French business leaders keen to restore their country&apos;s place as Iraq&apos;s top business partner.</description><pubDate>Wed, 18 Nov 2009 11:19:06 GMT</pubDate><source url="http://www.zawya.com">AFP </source><guid isPermaLink="false">ANA20091118T111238ZLYR05</guid><category>Open</category></item><item><title>Kuwaiti crude up to USD 77.21 Tuesday -- KPC</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091118111327</link><description> Kuwaiti export crude gained in per barrel (pb) price and put on 87 cents over Monday&apos;s rate to reach USD 77.21 pb Tuesday, stated Kuwait Petroleum Corporation on Wednesday.</description><pubDate>Wed, 18 Nov 2009 11:18:27 GMT</pubDate><source url="http://www.zawya.com">KUNA (Kuwait News Agency) </source><guid isPermaLink="false">ZAWYA20091118111327</guid><category>Open</category></item><item><title>Oil prices head towards 80 dollars</title><link>http://www.zawya.com/story.cfm/sidANA20091118T104852ZLYO23</link><description>Oil prices climbed towards 80 dollars on Wednesday on expectations that key data will show a drop in fuel stocks in the United States, the world&apos;s biggest energy-consuming nation, traders said.</description><pubDate>Wed, 18 Nov 2009 11:15:37 GMT</pubDate><source url="http://www.zawya.com">AFP </source><guid isPermaLink="false">ANA20091118T104852ZLYO23</guid><category>Open</category></item><item><title>Iran can be most valuable source of energy for India: ICCIM head </title><link>http://www.zawya.com/story.cfm/sidZAWYA20091118082306</link><description> The energy sector is the most important factor underlining the desirability of closer Indo-Iranian relations, a senior Iranian industry official said. </description><pubDate>Wed, 18 Nov 2009 08:45:46 GMT</pubDate><source url="http://www.zawya.com">IRNA </source><guid isPermaLink="false">ZAWYA20091118082306</guid><category>Open</category></item><item><title>Pakistani PM says Iran gas pipeline to be implemented </title><link>http://www.zawya.com/story.cfm/sidZAWYA20091118081959</link><description> Prime Minister Syed Yusuf Raza Gilani has said that a proper procedure is being followed to execute the multi-billion Iran-Pakistan gas pipeline project.</description><pubDate>Wed, 18 Nov 2009 08:25:05 GMT</pubDate><source url="http://www.zawya.com">IRNA </source><guid isPermaLink="false">ZAWYA20091118081959</guid><category>Open</category></item><item><title>Iran restarts gas export to Armenia: Official </title><link>http://www.zawya.com/story.cfm/sidZAWYA20091118082139</link><description>An Iranian official in charge of gas transfer said Sunday that Iran resumed its exports of gas to Armenia. </description><pubDate>Wed, 18 Nov 2009 08:24:44 GMT</pubDate><source url="http://www.zawya.com">IRNA </source><guid isPermaLink="false">ZAWYA20091118082139</guid><category>Open</category></item><item><title>Oil minister: 14m liters of gasoline to be added to local output</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091118081355</link><description> Iran&apos;s oil minister said production of gasoline in three petrochemical plants would decrease the amount of imported gasoline by 14 million liters per day. </description><pubDate>Wed, 18 Nov 2009 08:24:00 GMT</pubDate><source url="http://www.zawya.com">IRNA </source><guid isPermaLink="false">ZAWYA20091118081355</guid><category>Open</category></item><item><title>GCC economic recovery depends on better use of oil revenues -- economist </title><link>http://www.zawya.com/story.cfm/sidZAWYA20091118072858</link><description> Simon Williams, chief economist at HSBC Middle East-Gulf bank, said Tuesday an early economic recovery in the oil-rich Gulf countries depends mainly on a better manipulation of the oil revenues generated between 2003 and 2008.</description><pubDate>Wed, 18 Nov 2009 07:49:04 GMT</pubDate><source url="http://www.zawya.com">KUNA (Kuwait News Agency) </source><guid isPermaLink="false">ZAWYA20091118072858</guid><category>Open</category></item><item><title>&apos;GCC needs assurances for oil investment&apos; </title><link>http://www.zawya.com/story.cfm/sidZAWYA20091118054936</link><description>Gulf oil producers need to be reassured by major crude consumers about demand in the long term to push ahead with costly expansion programmes in their hydrocarbon sector, a senior Arab oil official has said. </description><pubDate>Wed, 18 Nov 2009 07:17:32 GMT</pubDate><source url="http://www.zawya.com">Emirates Business 24/7 </source><guid isPermaLink="false">ZAWYA20091118054936</guid><category>Open</category></item><item><title>Reforms put pressure on oil producer-consumer ties</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091118044638</link><description>GCC oil-producing countries&apos; broader economic and regulatory reforms is creating conflicting pressures between them and consumers, an energy conference in Abu Dhabi was told.</description><pubDate>Wed, 18 Nov 2009 06:10:23 GMT</pubDate><source url="http://www.zawya.com">Emirates Business 24/7 </source><guid isPermaLink="false">ZAWYA20091118044638</guid><category>Open</category></item><item><title>2010 to see bullish trend in oil prices and demand</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091118054214</link><description>As 2009 ends, analysts have adopted a bullish trend for oil demand and prices in 2010. The demand for oil is expected to rise to 85.1 million barrels a day in 2010 even as the price of oil is expected to be $85 a barrel.</description><pubDate>Wed, 18 Nov 2009 06:00:33 GMT</pubDate><source url="http://www.zawya.com">Emirates Business 24/7 </source><guid isPermaLink="false">ZAWYA20091118054214</guid><category>Open</category></item><item><title>Oil rises further in Asian trade</title><link>http://www.zawya.com/story.cfm/sidANA20091118T032757ZLXO12</link><description>Oil climbed higher in Asian trade Wednesday on expectations a widely monitored US report would show a drop in fuel stocks, analysts said.</description><pubDate>Wed, 18 Nov 2009 05:41:13 GMT</pubDate><source url="http://www.zawya.com">AFP </source><guid isPermaLink="false">ANA20091118T032757ZLXO12</guid><category>Open</category></item><item><title>Alternative fuel can power 15 pct of flights by 2020: Airbus</title><link>http://www.zawya.com/story.cfm/sidANA20091117T123803ZLUQ83</link><description> Alternative fuels could power 15 percent of global air traffic by 2020 and 30 percent by 2030, European aircraft-maker Airbus said at the Dubai Airshow on Tuesday.</description><pubDate>Tue, 17 Nov 2009 13:18:18 GMT</pubDate><source url="http://www.zawya.com">AFP </source><guid isPermaLink="false">ANA20091117T123803ZLUQ83</guid><category>Open</category></item><item><title>New Peak For Gold On Central Bank Buying</title><link>http://www.zawya.com/story.cfm/sid20091117_11108_281</link><description>Gold extended its record breaking run on Tuesday, helped by news of fresh central bank buying, while oil prices dipped after a strong rise in the previous session.</description><pubDate>Tue, 17 Nov 2009 13:03:07 GMT</pubDate><source url="http://www.zawya.com">Financial Times </source><guid isPermaLink="false">20091117_11108_281</guid><category>Subscription</category></item><item><title>Iran boasts can hike petrol output if US levies sanction</title><link>http://www.zawya.com/story.cfm/sidANA20091117T110541ZLUE80</link><description> Iranian Oil Minister Masoud Mirkazemi on Tuesday announced the launch of an emergency petrol production plan in a bid to dodge possible US sanctions on fuel imports by the Islamic republic.</description><pubDate>Tue, 17 Nov 2009 12:41:34 GMT</pubDate><source url="http://www.zawya.com">AFP </source><guid isPermaLink="false">ANA20091117T110541ZLUE80</guid><category>Open</category></item><item><title>Mottaki, Indian PM discuss gas pipeline project</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091117103414</link><description> Iranian Foreign Minister Manouchehr Mottaki who arrived in New Delhi on Monday morning held talks with Indian Prime Minister Manmohan Singh and Foreign Minister S.M. Krishna behind closed doors. </description><pubDate>Tue, 17 Nov 2009 12:19:58 GMT</pubDate><source url="http://www.zawya.com">Tehran Times </source><guid isPermaLink="false">ZAWYA20091117103414</guid><category>Open</category></item><item><title>FEB launches Saudi Polysilicon</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091117095119</link><description>First Energy Bank (FEB) today announced the establishment of a world class polysilicon production facility, the first of its kind and scale in the region, which is to be located in the Kingdom of Saudi Arabia. </description><pubDate>Tue, 17 Nov 2009 10:52:47 GMT</pubDate><source url="http://www.zawya.com">Press Release </source><guid isPermaLink="false">ZAWYA20091117095119</guid><category>Open</category></item><item><title>Oil prices lose ground</title><link>http://www.zawya.com/story.cfm/sidANA20091117T100049ZLTV48</link><description>World oil prices fell slightly on Tuesday after recent gains which were spurred by a weak dollar and hopes of improved energy demand amid a global recovery, analysts said.</description><pubDate>Tue, 17 Nov 2009 10:49:29 GMT</pubDate><source url="http://www.zawya.com">AFP </source><guid isPermaLink="false">ANA20091117T100049ZLTV48</guid><category>Open</category></item><item><title>Kuwaiti crude up to USD 76.34 Monday -- KPC</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091117102450</link><description>Kuwaiti crude oil gained in per barrel (pb) price and put on 36 cents to reach USD 76.34 pb Monday, stated Kuwait Petroleum Corporation on Tuesday.</description><pubDate>Tue, 17 Nov 2009 10:39:20 GMT</pubDate><source url="http://www.zawya.com">KUNA (Kuwait News Agency) </source><guid isPermaLink="false">ZAWYA20091117102450</guid><category>Open</category></item><item><title>OPEC not to change production levels -- Minister of Oil</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091117085235</link><description> The Organization of Petroleum Exporting Countries (OPEC) is not about to change output in its next meeting due in December, Minister of Oil Sheikh Ahmad Al-Abdullah told reporters here Tuesday.</description><pubDate>Tue, 17 Nov 2009 09:19:42 GMT</pubDate><source url="http://www.zawya.com">KUNA (Kuwait News Agency) </source><guid isPermaLink="false">ZAWYA20091117085235</guid><category>Open</category></item><item><title>Kuwait says OPEC to keep production steady</title><link>http://www.zawya.com/story.cfm/sidANA20091117T065444ZLTF91</link><description>Kuwait&apos;s Oil Minister Sheikh Ahmad Abdullah al-Sabah said on Tuesday OPEC will leave its production unchanged at its meeting next month, adding that current oil price was &quot;comfortable.&quot;</description><pubDate>Tue, 17 Nov 2009 08:32:59 GMT</pubDate><source url="http://www.zawya.com">AFP </source><guid isPermaLink="false">ANA20091117T065444ZLTF91</guid><category>Open</category></item><item><title>Gasco Awards Dh1.5 Billion Contract to French Firm</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091117042058</link><description>Abu Dhabi Gas Industries Limited, or Gasco, has awarded a Dh1.5 billion contract to the French company Technip, for implementing a project to process an additional 150 million sandard cubic feet per day of associated gas from the Asab, Shah and Sahil oil fields.</description><pubDate>Tue, 17 Nov 2009 06:49:58 GMT</pubDate><source url="http://www.zawya.com">Khaleej Times </source><guid isPermaLink="false">ZAWYA20091117042058</guid><category>Open</category></item><item><title>Saudi could use capacity to control crude prices</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091117045321</link><description>Saudi Arabia is expected to use its swelling spare crude production capacity to keep prices at moderate levels in the next few years to stimulate demand for Opec&apos;s oil, according to a key Western financial centre.</description><pubDate>Tue, 17 Nov 2009 06:30:47 GMT</pubDate><source url="http://www.zawya.com">Emirates Business 24/7 </source><guid isPermaLink="false">ZAWYA20091117045321</guid><category>Open</category></item><item><title>Oil income GCC oil revenue will hit $1tr in 2030</title><link>http://www.zawya.com/story.cfm/sidGN_16112009_171152</link><description>The combined oil income of Gulf Cooperation Council (GCC) countries is expected to reach $1 trillion (Dh3.67 trillion) by 2030 at current oil prices, an energy expert said at an industry conference.</description><pubDate>Tue, 17 Nov 2009 05:50:01 GMT</pubDate><source url="http://www.zawya.com">Gulf News </source><guid isPermaLink="false">GN_16112009_171152</guid><category>Open</category></item><item><title>Oil falls in Asia after overnight gains</title><link>http://www.zawya.com/story.cfm/sidANA20091117T024113ZLSW33</link><description>Oil fell slightly in Asian trade Tuesday after overnight gains spurred by a weak dollar and hopes of improved energy demand amid a global recovery, analysts said.</description><pubDate>Tue, 17 Nov 2009 04:58:07 GMT</pubDate><source url="http://www.zawya.com">AFP </source><guid isPermaLink="false">ANA20091117T024113ZLSW33</guid><category>Open</category></item><item><title>Pachin records a consolidated net profit of LE 54.4 million for Q1</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091116060019</link><description>Paint &amp; Chemical Industries Company Pachin announced its financial results for the first quarter of the 2010/11 fiscal year where it recorded a consolidated net profit of LE 54.4 million compared to LE 39.4 million recorded in the first quarter of the 2009/10 fiscal year, a 38 percent increase year on year, according to a company statement.</description><pubDate>Mon, 16 Nov 2009 06:46:27 GMT</pubDate><source url="http://www.zawya.com">Daily News Egypt </source><guid isPermaLink="false">ZAWYA20091116060019</guid><category>Open</category></item><item><title>Oil higher as dollar stays weak</title><link>http://www.zawya.com/story.cfm/sidANA20091116T030826ZLOP50</link><description>Oil was higher in Asian trade Monday as investors bought into commodities including crude on the back of a weak dollar, analysts said.</description><pubDate>Mon, 16 Nov 2009 05:31:34 GMT</pubDate><source url="http://www.zawya.com">AFP </source><guid isPermaLink="false">ANA20091116T030826ZLOP50</guid><category>Open</category></item><item><title>Italian oil firm discusses investment in Zubair oil field</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091115102233</link><description>Representatives of the Italian multinational oil and gas company, Eni, have met with Basra&apos;s deputy governor to discuss the technical and legal procedures related to the investment in al-Zubair oilfield.</description><pubDate>Sun, 15 Nov 2009 10:43:32 GMT</pubDate><source url="http://www.zawya.com">Aswat Aliraq </source><guid isPermaLink="false">ZAWYA20091115102233</guid><category>Open</category></item><item><title>Syria Unveils New Gas, Oil Production Plant</title><link>http://www.zawya.com/story.cfm/sidZAWYA20091115102552</link><description>Syria has opened a new oil and gas processing station to help boost the country&quot;s production capacity. The Hayyan station has the capacity to process 600 barrels of oil per day and 650,000 cubic meters of gas.</description><pubDate>Sun, 15 Nov 2009 10:41:29 GMT</pubDate><source url="http://www.zawya.com">Saudi Press Agency </source><guid isPermaLink="false">ZAWYA20091115102552</guid><category>Open</category></item></channel></rss>