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Iraq Offers Nasiriya Refinery for Investment
Iraq >> 1/18/2017 - According to the approval of the minister of oil. The ministry of oil would like to offer the Nasiriya refinery "with a capacity of 300 thousand barrels / day" to be invested according to the form BOO...
EGPC Signs 2 New Upstream Agreements
EGPC Signs 2 New Upstream Agreements Egypt >> 1/17/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources signed 2 new petroleum agreements for the Egyptian General Petroleum Corporation (EGPC) and Sahara Oil Company for oil and gas explorat...
Saudi to Launch $30-50 billion Renewable Energy Program Soon
Saudi Arabia >> 1/16/2017 - Saudi Arabia will launch in coming weeks a renewable energy program that is expected to involve investment of between $30 billion and $50 billion by 2023, Saudi Energy Minister Khalid al-Falih said. ...
One-Stop-Shop for New Mining Licenses in Oman
Oman >> 1/16/2017 - Oman’s Public Authority for Mining (PAM) is formulating a new mining exploration and development strategy, underpinned by a Single Window System for the issuance of new licenses, to help unleash the p...
Mexico's IEnova Will Invest $800M in 2017
Mexico >> 1/16/2017 - Mexican energy infrastructure firm IEnova, a unit of U.S.-based Sempra Energy, will invest $800 million this year on eight projects, the company's chief executive said. ...
Cluff Natural Resources Announces Pre-Close Update
United Kingdom >> 1/16/2017 - Cluff Natural Resources Plc, the AIM quoted natural resources investing company, is pleased to announce a pre-close update for the financial year to 31 December 2016. During the course of 2016, the Co...
Iran Petchem Industry in Need of $55b Investment in 10 Years
Iran >> 1/16/2017 - Iran says it will need at least 55 billion dollars in investment in its petrochemical sector to bring its annual output to 150 million tons from the current 60 mt/y production capacity within the next...
OECD Stock Movements - December 2016
OECD Stock Movements - December 2016 Austria >> 1/5/2017 - Preliminary data for October shows that total OECD commercial oil stocks fell by 15.3 mb for the third consecutive month to stand at 3,027 mb, which is around 71 mb higher than at the same time one ye...
Gazprom Neft Board of Directors Reviews Preliminary Results for 2016 & Plans for 2017
Russia >> 12/26/2016 - The Gazprom Neft Board of Directors has reviewed provisional outcomes of the company’s investment programme and budget for 2016, as well as plans for 2017. ...
Turkey Should Prioritise LNG Investments to Balance Energy Trade
Turkey >> 12/23/2016 - Turkey needs to prioritise liquified natural gas (LNG) investments for a healthier balance of its natural gas trade, President Tayyip Erdogan said on Friday. ...
Pacific Headway in Liberalizing Mexico Offshore Oil & Gas Market
Mexico >> 12/22/2016 - Pacific Radiance Ltd. (Pacific Radiance or the Group), a provider of integrated offshore marine support services, is making further headway in the fast liberalising Mexican offshore oil & gas (O&G) m...
PDO Projects Investments of $20B over Next 5 Years
Oman >> 12/21/2016 - Petroleum Development Oman (PDO) projects investments of around $20 billion being ploughed into its oil and gas operations over the next five years, although capital expenditure is anticipated to be c...
China Stock Movements - December 2016
China Stock Movements - December 2016 China >> 12/21/2016 - The latest information for China showed total commercial oil inventories fell by 3.4 mb in October to stand at 369.1 mb, which is 9.1 mb lower than the previous year at the same time. Within component...
Total Makes $207 Million Investment in Tellurian to Develop Integrated Gas Project
United States >> 12/20/2016 - Tellurian Investments Inc. (“Tellurian”) and Total announce today that Total is acquiring approximately 23% of Tellurian at $5.85 per share for an amount of 207 million dollars to develop an integrate...
Gazprom Board of Directors Approves Investment Program, Budget, and Cost Reduction Program for 2017
Russia >> 12/19/2016 - The Gazprom Board of Directors took note of the information about the Company's preliminary operating results for 2016 and the projected Investment Program, budget (financial plan), and cost optimizat...
Galp Approves Investment Plan for Coral South in Mozambique
Mozambique >> 12/19/2016 - Galp informs that its Board of Directors has approved the investment related to the Coral South area, the first development related to the discoveries made in the Area 4 of Mozambique’s Rovuma basin. ...
SKF Invests SEK 225 Million in Modernising Distribution Centres
India >> 12/15/2016 - SKF is investing SEK 225 million in upgrading its distribution centres across Europe and India. The investments will improve customer lead-times and service levels, whilst contributing to reduced stoc...
Thai IRPC to Invest $280 Mln to Expand Petchem Output Capacity in 2017
Thailand >> 12/15/2016 - Thailand's integrated oil refiner IRPC Pcl plans to invest 10 billion baht ($280 million) next year with an aim to expand the production capacity of a petrochemical product and boost its long-term ear...
Egyptian – French Talks in the Oil & Gas Domain
Egyptian – French Talks in the Oil & Gas Domain Egypt >> 12/14/2016 - Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, received Maria Moraeus, ENGIE E&P Chief Executive Officer, where the two sides discussed bolstering relations and the available invest...
Stock Movements - December 2016
Austria >> 12/14/2016 - OECD commercial oil stocks fell in October to stand at 3,027 mb, around 302 mb above the latest five-year average. Crude and products both indicated a surplus, around 184 mb and 118 mb above the sea...

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