BUSINESS

Business news from around the globe

Serbian dinar devaluated by 0.6% last month

Serbian dinar devaluated by 0.6% last month

According to the official exchange rate issued by the Bank of Serbia (NBS), one Euro is 11 paras (1 dinar=100…
KBR secures contract from BP Exploration for services in Azerbaijan

KBR secures contract from BP Exploration for services in Azerbaijan

KBR which has been in Azerbaijan for many years as part of earlier contracts on development of energy infrastructure, has…
India to be world’s 3rd-largest economy by 2028, UK thinktank says

India to be world’s 3rd-largest economy by 2028, UK thinktank says

India will beat Japan to grab the position of the world’s third-largest economy in 2028, according to an influential British…
Final Investment Decision is made on Azerbaijani gas project

Final Investment Decision is made on Azerbaijani gas project

On December 17, Azerbaijan hosted leaders of several European countries in a grandiose ceremony of signing the final investment pact…
Colombia to build $400 million LNG regasification plant: official

Colombia to build $400 million LNG regasification plant: official

Concerned that declining natural gas reserves combined with the effects of climate change could make it a net importer in…
Indian Prime Minister backs market-based price for gas, energy

Indian Prime Minister backs market-based price for gas, energy

Prime Minister Manmohan Singh, whose UPA government has come under criticism for exercising controls on energy pricing, on Tuesday said…
Saudi oil minister: why cut production when demand is there?

Saudi oil minister: why cut production when demand is there?

Saudi Arabian oil minister Ali Naimi gave an upbeat view of world oil markets on his arrival in Vienna Monday…
Easing of Iran sanctions to have no impact on crude tankers

Easing of Iran sanctions to have no impact on crude tankers

The partial and temporary easing of sanctions against Iran in return for a freeze of its nuclear programme is expected…
Chevron leaves Lithuania: Russia’s Win, Europe’s Loss

Chevron leaves Lithuania: Russia’s Win, Europe’s Loss

By Algirde Pipikaite On October 8, Chevron announced its decision to withdraw its lone bid in a tender for shale gas…
Romania registers second largest industrial growth in EU

Romania registers second largest industrial growth in EU

Biggest industrial production growth in Romania was registered in September 2013. Among the EU countries, Romania with 2.4% increase in…
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