 | GIS expects revenue to
reach QR2.2bn by 2016
GULF International Services
(GIS) expects revenues to exceed
QR 2.2 billion in the next five
years and net profit to reach
QR0.6 billion in the same period,
Minister of Energy and Industry
His Excellency Mohammad bin
Saleh al Sada has said.
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| | Sinopec plans to buy more
overseas upstream assets |  CHINA Petroleum and
Chemical Corp (Sinopec
Corp), Asia´s largest refiner, is
preparing to buy more overseas
upstream assets from its
parent to beef up its relatively
weak exploration and production
division, its chairman
said on Monday.
"Our parent has built quite
some overseas upstream
portfolios over the years. The
quality of the assets is good,"
chairman Fu Chengyu said
after Sinopec Corp posted
sharply lower profit for the
fourth quarter of 2011 due to
massive refining losses.
"They will be all injected
into the listed company eventually
to avoid internal competition,"
Fu told reporters at
Sinopec´s results briefing.
The overseas upstream
assets to be transferred... | | | Iran crude exports
fell 14% in March |
 OIL prices edged higher on
Monday as bearish comments
from US Federal
Reserve Chairman Ben
Bernanke were seen as
increasing the probability of
further growth-boosting
quantitative easing, pushing
the dollar lower.
The US economy needs to
grow more quickly if it is to
produce enough jobs to
bring down the unemployment
rate, Bernanke said,
which analysts said had
firmed a perception that the
Federal Reserve may print
more money to support the
economy.
"It´s popped up on expectations
of more quantitative
easing, which has seen the
dollar weakening," said
Michael Hewson, analyst at
CMC Markets. Brent crude
futures were up 58 cents to... | | | US pitches India core sector push |  COMMERCE Secretary John
Bryson on Monday pitched
for US companies to participate
in India´s massive private
sector-driven push in
building infrastructure, but
warned the south Asian
nation´s high import tariffs
could hurt long-term ties.
US companies should push
to invest in sectors such as road
building, railways, aviation and
energy, Bryson said, as part of
India´s planned spend of $1
trillion over the next five years
in a sector seen as crucial to its
long-term prosperity.
"We can find areas where it
makes sense for the US and
India to collaborate more
closely," Bryson told business
leaders at a conference in
New Delhi.
"There is perhaps no
greater ... | |
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