BEIJING – The average annual income of farmers in China was recorded at 5000 yuan (USD732) this year due to increased demand for migrant workers who send a lot of money to be sent back to the countryside. Reporting from the AFP, Tuesday (29/12/2009), per capita net income of farmers rose more than six percent [...]

DUBAI – largest oil company in the United Arab Emirates, the Abu Dhabi National Oil Company (ADNOC) would cut oil output starting from February 2010. As reported by the AFP, Tuesday (28/12/2009), steps in line with OPEC’s decision to cut oil production. Company itself will cut production of between 10 percent and 15 percent of [...]

NEW DELHI – India and Japan yesterday agreed to ease visa there in the next year with the aim of increasing trade between the two countries. The two countries also agreed to work together in the field of defense and development of renewable energy, nuclear and infrastructure. Official statement said the Indian government, the official [...]

NEW YORK – Crude oil prices closed up above the level of thin USD78 per barrel at the close of trading Tuesday local time. The strengthening U.S. dollar oil price triggers to stay under USD79 per barrel, while most traders were on vacation. As quoted by the Associated Press, Wednesday (30/12/2009), the reference price of [...]

MONTREAL – Canadian Industry Minister Tony Clement agreed to acquire $ 1, 7 billion by PetroChina for two projects Athabasca Oil Sands Corporation in the northeast province of Alberta, Canada. Of the deal, PetroChina International are in control of 60 percent over MacKay and Athabasca’s oil sands deposits Dover. “I am satisfied that this investment [...]