 | IQ posts QR1.9bn profit in Q1 INDUSTRIES Qatar (IQ) on
Thursday said net profit in the first
quarter of 2012 reached QR1.9 billion,
while revenues of the group
increased 8.9 percent to QR4.4 billion.
Commenting on the results
Minister of Energy and Industry
and Chairman and Managing
Director...
|
|
| | Iraq excludes Exxon from
May energy block auction |  IRAQ´S oil ministry said on
Thursday that the US oil giant
Exxon Mobil Corp is not
allowed to bid in the May
energy auction because of its
oil deals with the northern
self-ruled Kurdish region in
Iraq.
The Texas-based Exxon
signed six deals with the
Kurds last October to search
for oil in six areas, bypassing
the Baghdad government,
which maintains that it must
ratify all deals. Some of the
deals cover areas located in a
land claimed by both Kurds
and Arabs.
Deputy head of the Oil
Ministry´s Licensing and
Petroleum Contracts
Department, Sabah al-Saidi,
told The Associated Press that
the reason for the move was
Exxon´s refusal to abandon its
controversial deals with
Kurds. | | | Indian PM to open
Rs 21,500 crore
Bathinda refinery |  THE Rs.21,500 crore Guru
Gobind Singh Refinery
near Bathinda town - the
largest investment in
Punjab since independence
- will be formally inaugurated
by Prime Minister
Manmohan Singh on April
28, Punjab officials said on
Thursday.
The refinery is located
near Bathinda town in
southwest Punjab, 250 km
from here.
A joint venture of
Hindustan Petroleum
Corporation Limited
(HPCL) and Mittal
Energy, a subsidiary of
steel tycoon Lakshmi
Mittal´s company, the
project had become fully
operational recently and is
awaiting formal inauguration.
Refinery managing
director and CEO Prabh
Das said recently that it
had been made operational
in ... | | | Banks lower lending,
deposit rates to be in
tune with RBI policy |  LEADING lenders including
ICICI Bank and Punjab
National Bank on Thursday
announced cut in both lending
and deposit rates, just
two days after the Reserve
Bank of India lowered key
policy rates.
The move will make housing,
auto and other loans
cheaper. Punjab National
Bank, the country´s second
largest public sector lender,
said it will cut the annual
benchmark prime lending
rate by 0.25 percent to 14
percent, effective from May
1.
The bank has also decided
to lower the base rate, the
rate below which it can´t
lend, by 0.25 percent to
10.50 percent.
PNB will decrease the
interest rate on term
deposits of less than Rs.1
crore by 0.25 percent to 0.50
percent... | |
|
|
|
