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FAR Ltd. Raises $15m to Fund East African Exploration
Kenya >> 3/29/2012 - FAR Ltd plans to raise $15.04 million, to fund offshore oil and gas exploration in East Africa off the Kenya coast. The funds will be raised through a placement of 280 million shares at 4.3 cents per...
Moscow Refinery Modernisation Program in 2012
Russia >> 4/2/2012 - Gazprom Neft has adopted a medium-term Moscow Oil Refinery investment program for the year 2012, according to which over 20 billion roubles will be spent. ...
Oil Industry Has Left Behind Iran Sanctions
Iran >> 4/3/2012 - Citing to the remarks made by the Supreme Leader of the Islamic Revolution, Ayatollah Seyyed Ali Khamenei at the beginning day of the Iranian new year on 20th March 2012 who dubbed the new year as the...
Sorochinskneft to Invest 2.1B Rub in Exploration in 2012
Sorochinskneft to Invest 2.1B Rub in Exploration in 2012 Russia >> 4/3/2012 - NGDU Sorochinskneft (part of TNK-BP Group) will allocate 2.1 billion rubles to exploration in 2012. Sorochinskneft specialists will do seismic surveys at an area of 1,200 km2 and complete the construc...
NIOOC to Sign Contracts Worth $14 Billion
NIOOC to Sign Contracts Worth $14 Billion Iran >> 4/3/2012 - Managing director of the National Iranian Offshore Oil Company (NIOOC), Mahmoud Zirakchianzadeh says oil contracts worth 14 billion dollars are ready for signing which will be finalized after passing ...
China Rejects US Sanctions on Iran Oil Imports
China Rejects US Sanctions on Iran Oil Imports Iran >> 4/3/2012 - China rejected President Barack Obamas decision to move forward with plans for sanctions on countries buying oil from Iran, saying that Washington had no right to unilaterally punish other nations on ...
Russia's Energy Ministry Outlines Arctic Taxes
Russia's Energy Ministry Outlines Arctic Taxes Russia >> 4/4/2012 - Russia's Energy Ministry has outlined a new tax policy designed to attract tens of billions of dollars of investment into promising but challenging new oil provinces in Arctic offshore zones, governme...
$30 Billion to Be Invested in Iran Oil Industry This Year
Iran >> 4/4/2012 - At least 30 billion dollars will be invested in Iran’s oil industry this year and lion’s share of it will be allocated to South Pars gas field projects, Iranian minister of petroleum, Rostam Qasemi sa...
Greece Oil Export from Iran Halt
Greece Oil Export from Iran Halt Iran >> 4/11/2012 - Rostam Ghasemi, Iran’s Minister of Petroleum announced that export of Iranian crude to Greece has been halted for the time being. ...
Providence Receives Final Payment for Aje Field
Nigeria >> 4/12/2012 - Providence Resources P.l.c is pleased to confirm that it has received the final US$ 6 million tranche payment from Jacka Resources Limited ("Jacka"), an ASX-listed company, for the sale of its Nigeria...
Total to Spend over $300 Million on Uganda Exploration
Uganda >> 4/13/2012 - French oil company Total plans to spend over $300 million in 2012 on exploration in Uganda where small-scale commercial oil production is expected to begin later this year. Total, China National Offsh...
44 Countries Taking Part in Tehran Oil Show
44 Countries Taking Part in Tehran Oil Show Iran >> 4/14/2012 - The press center of the Oil Show quoted the manager of the exhibition, Issaq Royvar, as saying 1255 companies have registered for taking part in the exhibition of which 940 companies are Iranians and ...
Iraq Seeks Refinery Investors; Demand Rising Fast
Iraq Seeks Refinery Investors; Demand Rising Fast Iraq >> 4/17/2012 - Iraq is looking to gradually privatise its oil refineries and to attract investment in new plants around the country, its deputy oil minister said, as the major crude exporter aims to curb reliance on...
Iran Is Ready to Sign $44 Billion Oil Contracts
Iran >> 4/17/2012 - Islamic Republic of Iran is ready to sign $44 billion worth of contracts with foreign countries, Iran's first vice resident, Mohammad Reza Rahimi announced here in the inauguration ceremony of the Ira...
Tougher Sanctions on Iran to Sway Oil Market
Iran >> 4/18/2012 - “The crude prices jumped nearly 20 percent by imposing sanctions against our country and if the same trend goes on, the oil market would change drastically,” Qasemi said, underscoring Iran’s “influent...
Japan's Showa Shell Renews Deal-Sources with Iran
Japan's Showa Shell Renews Deal-Sources with Iran Iran >> 4/18/2012 - Japan's top buyer of Iranian crude Showa Shell Sekiyu KK has renewed its annual oil purchase deal with Iran but cut the volume in line with other Japanese refiners to comply with U.S. sanctions, trade...
Pancontinental Invests $50m in African Exploration
Kenya >> 4/19/2012 - Pancontinental Oil & Gas NL is pleased to advise that it has resolved to raise up to $50 million to fund the ongoing exploration programmes over Kenyan Blocks L10A & L10B, further seismic work over Ke...
90% of Iran Crude Sales under Contracts
Iran >> 4/20/2012 - National Iranian Oil Company (NIOC) conducts 90 percent of its crude sales under long-term deals with a variety of countries, a senior NIOC official said. ...
NIOC Handles $130b Projects
Iran >> 4/20/2012 - National Iranian Oil Company is operating upwards of 130 billion dollars of projects, the company’s managing director said. ...
Iran Extended China Oil Deals
Iran >> 4/25/2012 - Iran denied reports that China is buying less of its oil and said it extended contracts to export crude to the Asian country, Mehr reported, citing an Iranian Oil Ministry official. ...

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