Syria
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Syria trying to sell gold reserves as sanctions begin to bite – sources
Syria is trying to sell gold reserves to raise revenue as Western and Arab sanctions targeting its central bank and oil exports begin to bite, diplomats and traders said.
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Suncor Energy announces withdrawal from Syria
Marketwire | December 11, 2011
CALGARY, ALBERTA–(Marketwire – Dec. 11, 2011) – Suncor Energy reported today that it has declared force majeure under its contractual obligations and is suspending its operations with the General Petroleum Corporation (GPC) in Syria.
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Suncor announces record third quarter; operations continue in Syria despite troubles
Michael Allan McCrae | November 3, 2011
Suncor Energy Inc. (NYSE:SU), Canada's largest energy company, announced third quarter record earnings of $1.287 billion or 82 cents per share.
Operating earnings almost tripled to a record $1.789 billion or $1.14 per common share.
On the news, which was announced on Thursday, the company's shares were up 1.8% to $31.88.
Production from oil sands was a bright spot for the company with an increase from 306,600 to 326,600 barrels a day; however cash costs increased $3.30 a barrel.
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ANNOUNCEMENT
Orezone Completes the Sale of Sega to Cluff Gold for $26.5M
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.
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