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Iran Needs $100b for Developing Oil, Gas Fields
Iran >> 7/18/2016 - Managing director of National Iranian Oil Company (NIOC) says Iran's oil industry needs an investment of over a hundred billion dollars for development. ...
Pan American Energy to Invest $1.4b in Argentina this Year
Argentina >> 7/14/2016 - Pan American Energy LLC , a unit of BP, is planning to invest $1.4 billion in Argentina's biggest oil field and other areas this year. ...
Stock Movements - July 2016
Austria >> 7/12/2016 - OECD commercial oil stocks fell slightly in May to stand at 3,063 mb. At this level, they were around 329 mb above the latest five-year average. Crude and product stocks indicated a surplus of aroun...
Italian Firms Keen on Joining Iran Energy Projects
Iran >> 7/10/2016 - Head of the Italy Desk of the 2016 World Conference of Mayors and Councilors says Italian companies are keen on investing in Irans energy projects including renewables. ...
TAP Launches Community Investment Programme in Italy
Azerbaijan >> 7/7/2016 - Trans Adriatic Pipeline (TAP) AG will provide 200,000 Euro to support projects of associations and non-profit organisations. This is the first TAP community investment programme in Melendugno aimed to...
Egypt Reduces Arrears Owed to Foreign Oil Companies to $3.4 Bln
Egypt Reduces Arrears Owed to Foreign Oil Companies to $3.4 Bln Egypt >> 7/4/2016 - Egypt has reduced the arrears it owes foreign oil companies to $3.4 billion in 2015/16 from $3.5 billion a year earlier, Petroleum Minister Tarek El Molla told Reuters. ...
General Electric Ups Investments in Egypt
General Electric Ups Investments in Egypt Egypt >> 7/3/2016 - The American industrial conglomerate General Electric (GE) is planning to increase its investments in Egypt, focussing more on development projects. ...
Iran Names 8 Local Partners for Energy Majors
Iran >> 7/3/2016 - The Iranian Ministry of Petroleum selected 8 Iranian companies as local partners for international energy majors interested in investing in Irans oil and gas fields in the post-sanctions setting. ...
Saudi Arabia Keen to Expand China Energy Investments
Saudi Arabia >> 7/2/2016 - Saudi Arabia wants to expand its investments in China's energy industry, its Energy Minister Khalid al-Falih said , part of the world's top oil exporter's efforts to boost cooperation with a top custo...
Total Files Arbitration Against Algeria on Oil Tax Change
Algeria >> 7/2/2016 - French oil major Total has filed a request for arbitration against Algeria for changing profit-sharing terms on oil and gas contracts in the mid-2000s, Chief Executive Patrick Pouyanne said. ...
BP Announces Final Investment Decision to Expand Tangguh LNG Facility
Indonesia >> 7/1/2016 - BP, on behalf of Tangguh Production Sharing Contract Partners, today announced that the Final Investment Decision (FID) has been approved for the development of the Tangguh Expansion Project in the Pa...
Saudi, Japanese Officials to Discuss Investment into Aramco IPO
Saudi Arabia >> 6/29/2016 - Saudi and Japanese officials will hold meetings on Wednesday to discuss Japanese investment into the planned initial public offering (IPO) of a small part of Riyadh-controlled Saudi Aramco, said Khali...
NISOC Development Plans Awaiting Fresh Contracts
Iran >> 6/29/2016 - Investment packages in National Iranian South Oil Company, including company’s development plans, are in final stages. ...
Egypt 2nd in FDI in Africa
Egypt 2nd in FDI in Africa Egypt >> 6/29/2016 - According to the World Investment Report 2016 issued by the United Nations Conference on Trade and Development (UNCTAD), Egypt came second in Africa in attracting Foreign Direct Investments (FDI) duri...
SOCAR & NGO Leaders Hold Round Table
Azerbaijan >> 6/28/2016 - SOCAR hosted a round table to discuss large investment projects, financial sustainability and credit management. SOCAR vice presidents Suleyman Gasimov and Khalik Mammadov, head of the Investment Depa...
LUX Assure Secures £2.4 Million Investment Boost
LUX Assure Secures £2.4 Million Investment Boost Scotland >> 6/28/2016 - LUX Assure has secured a £2.4 million second round investment which will allow the company to accelerate strategic growth, internationalisation plans, and further key technology developments. ...
Crescent Petroleum Sees Oil Reaching $60 This Year on Demand
Crescent Petroleum Sees Oil Reaching $60 This Year on Demand Egypt >> 6/27/2016 - Crescent Petroleum Co., an oil and natural gas producer in Egypt and Iraq, expects crude prices to improve this year as supply becomes more in line with demand. ...
Singapore & ARA Stock Movements - June 2016
Singapore & ARA Stock Movements - June 2016 Singapore >> 6/26/2016 - At the end of April, product stocks in Singapore fell by 0.8 mb for the second consecutive month. At 52.4 mb, they were 7.6 mb, or 17.0%, above the same period a year ago. Within products, the picture...
Canada Oil Economy - June 2016
Canada Oil Economy - June 2016 Canada >> 6/25/2016 - The situation of Canada’s economy remains challenging. The combination of recent wildfires that have hurt the oil industry and the current soft dynamic in the US economy, Canada’s most important tradi...
SOCAR President Attends Meeting with Upstream Investors
Azerbaijan >> 6/22/2016 - Rovnag Abdullayev, President of SOCAR, attended a meeting held within the framework of BP two-day investor field trip to Baku. Senior portfolio or fund managers for some of the world’s most significan...

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