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Wed, 01 Feb 2012 23:59:32 CDT   ameinfo.com

Saudi Arabia has nominated its Opec governor, Majid Al-Moneef for the group?s next secretary general, in a move that may reignite a quarrel over influence in Opec between Gulf Arab nations and Iran, Reuters has reported, citing a Gulf Opec delegate familiar with the matter. "There is a lot of support for Moneef. He's well respected and an experienced economist," the delegate said. The current secretary general, Abdullah al-Badri of Libya, completes his second and final three-year term at the end of 2012.....


Wed, 01 Feb 2012 23:58:57 CDT   ameinfo.com

According to figures by the Arab Petroleum Investment Corp (APICORP), an affiliate of the 10-nation Organization of Arab Petroleum Exporting Countries (OAPEC), the UAE is expected spend almost $76bn into energy projects in the next five years, emerging as the second largest hydrocarbon investor in the Middle East and North Africa (MENA) after Saudi Arabia, Emirates 24-7 has reported. Saudi Arabia remains the largest energy investor in the region, with an estimated $141bn during 2012-2016, the data showed.....


Wed, 01 Feb 2012 22:41:13 CDT   wsj.com

The Brazilian state-run oil company sold $7 billion in debt, the biggest dollar-denominated emerging-market corporate bond deal on record.



 
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