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Tuesday, September 13 2011 , Your time is 15:58:00
OPEC decided on May 25 to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.
ISTANBUL - Daily News with wires
Russian gas giant Gazprom announced yesterday that its net profit for the first half of 2011 had jumped 56 percent to over $25 billion, helped by higher energy prices and volumes of gas sold.
SHENYANG, China - Anatolia News Agency
Star Mall, the $250 million joint project by Turkish Mall and Fiba Holding, is set to open its giant shopping center in Shenyang in northeastern China by early December, according to Chief Executive Bülent Ulusoy.
ISTANBUL- Hürriyet Daily News
A mission from China’s Kingdom Club, say they are looking for investment opportunities in Turkey in fields including energy and finance. The Bank of China, meanwhile, continues preparations to open a Turkey branch
Iran has cancelled plans for Russia’s Gazprom to develop its Azar oil field because of “repeated” delays and awarded it to domestic contractors, a newspaper reported yesterday.