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  • FARNBOROUGH/ SANTIAGO July 12- Qatar Airways has agreed to acquire up to 10 percent of LATAM Airlines, the two companies said on Tuesday, in a $613 million deal that sent shares in Latin America's largest airline soaring. The deal follows Qatar Airways' purchase last year of 15 percent of British Airways owner International Airlines Group, which, like Qatar and...

  • FARNBOROUGH, England, July 12- Qatar Airways has agreed to acquire up to 10 percent of Latin America's largest airline LATAM Airlines, in a $613 million deal that requires the consent of existing shareholders at the Chile- based carrier, the two companies said on Tuesday. The deal follows Qatar Airways' purchase last year of 15 percent of British Airways owner...

  • DUBAI, June 30- State-controlled utility Saudi Electricity Co has obtained $1.5 billion in financing from Industrial and Commercial Bank of China, one of the largest loans ever extended by a Chinese bank in the Gulf. In January, China and the six Gulf Cooperation Council nations said they aimed to conclude a free trade agreement this year. Since it opened a branch...

  • *Qatar condensate exports to drop 30 pct to about 350,000 bpd. DOHA/ SINGAPORE, June 7- Qatar will double its capacity for processing condensate by almost 150,000 barrels a day in August when trials begin on a new splitter at the Ras Laffan refinery with commercial production starting by October, a Qatar Petroleum official said. Condensate exports from Qatar will...

  • *In his first OPEC meeting, Falih pledges "no shocks". *Saudi energy minister says OPEC has role in balancing markets. Intense diplomacy by the soft-spoken Falih at his first OPEC meeting- with his speech peppered by words such as "gentle approach," "no shocks" and "consensus"- has persuaded Alekperov that OPEC is more alive than dead.

  • DUBAI/ LONDON, June 3- Gulf Arab investors, some of the biggest buyers of British real estate, are holding back from new deals because they fear a property price slump if Britain leaves the European Union, according to legal and investment sources. Sovereign and private investors from Qatar, Saudi Arabia, Kuwait and the United Arab Emirates have been prolific...

  • LAUNCESTON, Australia, June 3- There are two ways of looking at the OPEC meeting in Vienna, and neither is wrong. The April gathering in Doha, which included non- OPEC major Russia, was widely viewed as a debacle because the market had expected a production freeze to be agreed and instead they got an acrimonious breakdown between Gulf rivals Saudi Arabia and Iran.

  • *OPEC mulls output cap at above 30 mln bpd- sources. *Many market participants doubt OPEC will reach deal. Reuters cited four OPEC sources as saying the Organization of the Petroleum Exporting Countries was likely to discuss an output ceiling at its meeting in Vienna on Thursday.

  • NEW YORK, June 1- Oil prices were down slightly on Wednesday, erasing most of the day's losses, after OPEC sources said the group was likely to consider a new output ceiling at its forthcoming meeting, although many in the market appeared skeptical. Reuters cited four OPEC sources as saying the Organization of the Petroleum Exporting Countries was likely to...

  • VIENNA, June 1- Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers when the group meets on Thursday, a senior OPEC source said, but Iran signalled the country was not ready for any such pact. "The Gulf Cooperation Council is looking for coordinated action at the meeting," the source said,...

  • VIENNA, June 1- Iran said on Wednesday it would not commit to any oil-production action with fellow OPEC members when the group meets this week despite being close to pre-sanctions output and export levels. "Iran supports OPEC's efforts to bring stability to the market with fair and logical prices, but it will not commit to any output freeze," Iran's...

  • *Saudi-Iran split on OPEC role, wider political issues. But the development will do little to repair dialogue, let alone help clinch a production deal, when OPEC meets next week amid rising political tensions between arch-rivals Iran and oil superpower Saudi Arabia, OPEC sources and delegates say. OPEC has no supply limit, having at its last meeting in December...

  • *Qatar wants to increase ties to London- CEO. LONDON/ ATLANTA, May 17- Qatar Airways has raised its stake in British Airways-owner International Consolidated Airlines Group to 15.01 percent and said on Tuesday it may consider acquiring more of the firm over time. Al-Baker said at an event in Atlanta that he wanted to deepen links to London, where BA has its main hub.

  • DUBAI, May 14- Kuwait's deputy foreign minister Khaled Jarallah said oil exporting countries must freeze production and the market could not support a production increase from Iran, state news agency KUNA reported on Saturday. "There is no choice but to freeze production," KUNA quoted Jarallah as telling Japanese news agency Jiji press while he and acting oil...

  • *Forecast drop in 2016 non- OPEC supply is uncertain. *OPEC output climbs in April; implied surplus rises. LONDON, May 13- OPEC said the global oil market is oversupplied and signalled the glut may increase this year, as surging output from its members makes up for losses from other countries whose production has been hit by a price fall.

  • *Forecast drop in 2016 non- OPEC supply is uncertain. *OPEC output climbs in April; implied surplus rises. *Saudi Arabia tells OPEC it raised April production.

  • TOKYO, May 12- OPEC member Kuwait does not expect any coordinated action to be decided during the group's upcoming meeting in Vienna on June 2, the country's acting oil minister said on Thursday. At the April meeting, OPEC rivals Saudi Arabia and Iran could not agree on deal terms, triggering criticism that the producers' cartel had lost its ability to act.

  • DOHA/ PARIS, May 10- Qatar Airways has delayed the launch of the world's longest scheduled direct flight-- from Doha to Auckland, New Zealand-- by two months because of the late delivery of Airbus A350s, an airline spokeswoman said on Tuesday. The 17.5 hour, 9,031- mile service on Boeing 777 jets to New Zealand had been due to start on Dec. 3 this year. The delay adds pressure...

  • HOUSTON, May 10- Saudi Arabia needs "fundamental change" and a public sale of shares in Saudi Aramco, the national oil company, may be part of the solution, former U.S. There does need to be some fundamental change with the way things are done in Saudi Arabia. " Besides the Aramco IPO, Baker, revered among some Gulf Arabs for his role in orchestrating an alliance against...

  • DOHA/ PARIS, May 10- Qatar Airways has delayed the launch of the world's longest scheduled direct flight-- from Doha to Auckland, New Zealand-- by two months because of the late delivery of Airbus A350s, an airline spokeswoman said on Tuesday. Qatar Airways increased pressure on Airbus over aircraft reliability last month, saying it had some "issues" with the A350...