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  • MILAN, Aug 31- Italy's Eni is open to selling a stake in its "supergiant" Zohr gas field discovery off of Egypt, its chief executive said, as the state-controlled energy company looks for funds to bankroll development without sacrificing dividends. Eni said on Sunday it had discovered the largest known gas field in the Mediterranean off Egypt, covering an area of...

  • A natural gas production platform.

    Italian energy group Eni said it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast.

  • Imports by Iran's four biggest buyers- China, India, Japan and South Korea- totalled just over 1 million barrels per day last month, down 1.3 percent from a year earlier, government and tanker-tracking data showed. Under the accord reached in Vienna on July 14, Iran will be subject to longer-term restrictions on its nuclear programme in return for the removal of U.S.,...

  • LONDON, Aug 30- Libya's National Oil Company and Central Bank chairmen engaged in another round of blitz meetings with oil majors in London in a renewed effort to stop its rival wooing its clients. The head of the Tripoli- based NOC, Mustafa Sanallah, said he and Tripoli- based Central Bank Chairman Saddek El-Kaber held meetings with 26 oil firms over the course of...

  • ROME/ MILAN, Aug 30- Italian energy group Eni said on Sunday it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast, predicting the find could help meet Egypt's gas needs for decades to come. The find follows other significant gas discoveries in the Mediterranean in recent years, including by Egypt's neighbour Israel,...

  • ROME— The Italian energy company Eni SpA announced Sunday it has discovered a "supergiant" natural gas field off Egypt, describing it as the "largest-ever" found in the Mediterranean Sea. Eni said the discovery— made in its Zohr prospect "in the deep waters of Egypt"— could hold a potential 30 trillion cubic feet of gas over an area of 100 square kilometers.

  • Fire at Saudi oil company residence kills 11 Sunday, 30 Aug 2015 | 2:53 AM ET

    DUBAI, United Arab Emirates— A large fire broke out Sunday in the basement of a sprawling residential complex in Saudi Arabia's oil-rich east, killing at least 11 people and injuring more than 200, officials in the kingdom said. The Interior Ministry's General Directorate of Civil Defense said victims were of various nationalities, without elaborating.

  • Egypt throws the book at 3 Al Jazeera journalists Saturday, 29 Aug 2015 | 6:47 AM ET
    An Al Jazeera America studio

    Egypt handed down harsh verdicts in the trial of 3 journalists from Al Jazeera, sentencing them to 3 years in prison, the NYT reported.

  • NEW YORK, Aug 28- A Florida man accused of running an unlicensed bitcoin exchange and who is among five defendants linked to last summer's massive data breach at JPMorgan Chase& Co is in talks to resolve his criminal case, according to court papers filed Friday. Should a plea deal be reached, it could be a breakthrough for authorities investigating the hacking of...

  • LONDON, Aug 28- Raghad al Sous braved bombings in Syria to keep studying at school before fleeing in 2013 to rejoin her mother, who had been granted refugee status in Britain. Across Europe, employers have largely welcomed a stream of young and often well-educated foreign workers who are helping to offset the ageing of the population. The situation is less clear...

  • Egypt replaces EgyptAir chairman after heavy losses Thursday, 27 Aug 2015 | 11:29 AM ET

    CAIRO— Egypt's civil aviation minister says he is replacing EgyptAir's chairman in a bid to return the company to profitability, after it accumulated over a billion dollars in losses since the 2011 uprising that toppled longtime autocrat Hosni Mubarak. El-Hefny said earlier this year that the company accrued losses of up to 10.3 billion Egyptian pounds...

  • LONDON, Aug 27- Copper and other base metals jumped on Thursday after comments by U.S. Federal Reserve officials helped calm global markets, including hard-hit stocks in top metals consumer China. Equities rallied around the world on Thursday following comments by two Federal Reserve officials that prompted investors to push back forecasts for U.S. rate...

  • Movado rebounds as 2Q results top analyst estimates Thursday, 27 Aug 2015 | 7:15 AM ET

    PARAMUS, N.J.— Shares of Movado Group surged almost 20 percent Thursday after the luxury watchmaker's second-quarter results surpassed Wall Street expectations. The seller of Movado, Ebel, Hugo Boss and Lacoste watches said it gained market share in the U.S. and sales in Europe were strong as residents of the U.S. and China traveled overseas and shopped more to...

  • LONDON, Aug 27- Copper rose on Thursday after comments by a U.S. Equities rose around the world on Thursday following the comments, with China stocks snapping a savage five-day losing streak, though traders said the market remained vulnerable given the country's economic outlook is still weak. The lift helped distance copper from six-year lows of $4,855...

  • KUALA LUMPUR, Aug 27- Malaysia's rising political risks, weak prices for its commodity exports and China's economic slowdown raised potential doubts over the positive outlook for the country's credit rating, Moody's Investors Service said on Thursday. "Perhaps clouds are gathering on Malaysia's positive outlook," de Guzman told reporters.

  • NEW YORK, Aug 26- Oil prices fell almost 2 percent on Wednesday after a huge drawdown in U.S. crude stockpiles was offset by a larger-than-expected build in gasoline and distillates, which include diesel. Gasoline stocks also rose, by 1.7 million barrels versus forecasts for a 1.3 million-barrel drop, the data from the Energy Information Administration showed.

  • Pentagon probing alleged distorting of war intelligence Wednesday, 26 Aug 2015 | 12:18 PM ET

    WASHINGTON— The Pentagon's inspector general is investigating an allegation that the military command overseeing the anti-Islamic State campaign distorted or altered intelligence assessments to exaggerate progress against the militant group, a defense official said Wednesday. The investigation was first disclosed by The New York Times.

  • NEW YORK, Aug 26- Oil prices were mixed in volatile trading on Wednesday after a huge drawdown in U.S. crude stockpiles was countered by a larger-than-expected build in gasoline and distillates, which include diesel. "The products builds are overwhelming the constructive crude draw," said Scott Shelton, commodities specialist at ICAP in Durham, North Carolina.

  • *Supply glut and China' hard landing' fears weigh. "Plummeting gasoline seems to be a drag on crude oil prices," said Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt, Germany. U.S. crude oil was down 20 cents at $39.11 a barrel by 1455 GMT.

  • DUBAI, Aug 26- Iran will offer three gas fields to foreign investors at a conference in London later this year, an Iranian official said on Wednesday. Development of North Pars, Golshan and Ferdowsi gas fields will be offered to investors at the upcoming London conference where Iran is due to unveil its new contract model, managing director of Pars Oil and Gas...