Saturday, July 28, 2007

Algeria says seen no suitable Gaz de France deal

(Reuters) - Algerian said its energy giant Sonatrach has not received any suitable proposal for an alliance with Gaz de France, floated as an alternative to the French utility's merger with rival Suez.

Sonatrach wanted a strategic partnership that could give it access to international reserves, energy and mines minister Chakib Khelil said in an interview to be published on August 1 in Paris-based industry magazine Petrole et Gaz Arabes.


Read more at Reuters Africa

Sudan exporting 425,000 bpd of crude - official

(Reuters) - Sudan is exporting around 425,000 barrels per day (bpd) of crude and 30,000 tonnes a month of petroleum products, a senior oil ministry official said on Saturday.

The official also said deepened U.S. sanctions earlier this year had not hurt Sudanese exports, except in administrative banking procedures.


Read more at Reuters Africa

Brazil issues warning to US over WTO cotton ruling

(Reuters) - Brazil on Friday pushed the United States to bring cotton subsidies in line with world trade rules, threatening retaliation if the world's largest cotton exporter does not comply with a new WTO ruling.

"We expect the United States to comply fully and immediately ... Brazil reserves its right to retaliate," Roberto Azevedo, a top Brazilian negotiator, said in Brasilia.


Read more at Reuters Africa