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Apache to Invest $1b in Egypt in FY 2016-17
Apache to Invest $1b in Egypt in FY 2016-17 Egypt >> 4/8/2016 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received John Christman Apache’s CEO, Stephen Riney and Timothy Sullivan , Executive Vice Presidents, during their visit to Cairo with ...
Egypt's Debts to Foreign Oil Companies Up to $3.2 Bln
Egypt's Debts to Foreign Oil Companies Up to $3.2 Bln Egypt >> 4/6/2016 - Egypt's outstanding arrears to foreign oil companies rose to $3.2 billion at the end of March from $3 billion at the end of December, an official at the ministry of petroleum. ...
Egypt to Sign Financial Agreements with Saudi Arabia Worth $22bln
Egypt to Sign Financial Agreements with Saudi Arabia Worth $22bln Egypt >> 4/5/2016 - Egypt will sign the final version of four funding accords with Saudi Arabia worth roughly $22 billion, to come into effect as of Friday, during King Salman's first official visit to Cairo, official so...
Ecuador Signs Deals with $1 billion to Boost Production at Mature Oil Fields
Ecuador >> 4/4/2016 - International oil service companies will invest some $1 billion in sprucing up Ecuador's mature oil fields, the OPEC country's state-run Petroamazonas energy company said. ...
PGHC to Ink $7b Petchem Deal with European Firm
Iran >> 4/4/2016 - Iran's Persian Gulf Holding Company is to sign a $7b deal with a prominent European company to develop a petrochemical project in Assaluyeh, south of Iran, PGHC head said. ...
YPFB Runs 99% of Investment Planned
Bolivia >> 4/1/2016 - The scheduled first quarter of this management investments achieved a performance of 99%, reported the CEO of YPFB, Guillermo Acha. ...
Solvay, Caisse des Dépôts & Marubeni Invest in New Energy Projects
France >> 3/31/2016 - Solvay, Caisse des Dépôts, and Marubeni Europe plc (Marubeni), have expanded their energy efficiency partnership with two new projects to finance and operate cogeneration plants at Solvay’s facilities...
Russia's Sibur Talking to Sinopec About Gas Plant Investment
Russia >> 3/31/2016 - Russian petrochemical company Sibur is in talks with shareholder Sinopec about investing in a planned gas chemical plant in Russia's Far East, Sibur boss Dmitry Konov told reporters. ...
BP and KPC Sign Agreement to Explore Opportunities in Oil, Gas, Petrochemicals
Kuwait >> 3/30/2016 - BP and Kuwait Petroleum Corporation (KPC) have signed a framework agreement to explore possible joint opportunities for investment and cooperation in future oil, gas, trading and petrochemicals ventur...
ONGC Approves $5 Billion Offshore Development Plan
ONGC Approves $5 Billion Offshore Development Plan India >> 3/28/2016 - Board of Directors of ONGC have, in its 280th meeting held, approved the Field Development Plan (FDP) for the development of fields falling under Cluster 2 of the Deep-water NELP Block KG-DWN-98/2. Th...
CNPC & Total Sign Strategic Framework Cooperation Agreement
China >> 3/21/2016 - CNPC Chairman Wang Yilin and Total Chairman and CEO Patrick Pouyanné, who is currently in Beijing attending the China Development Forum 2016, inked a strategic framework cooperation agreement, to prom...
Saudi Aramco to Keep Investing in Downstream Sectors
Saudi Arabia >> 3/21/2016 - Saudi Aramco Chief Executive Amin Nasser said his company will continue to invest in upstream and downstream sectors, expecting an upwards adjustment in oil prices to begin by the end of 2016. ...
CCED Oman to Invest $340 m in Blocks 3 & 4
Oman >> 3/21/2016 - Independent oil and gas exploration and production company CC Energy Development (CCED) plans to invest around $340 million in augmenting exploration and production facilities in its Block 3 and 4 acr...
2016/2017 Work Programme & Budget Agreed with Oil India
Russia >> 3/21/2016 - PetroNeft (PTR) an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased announce that it has reac...
IMF Sees Oil Price Risk for Algeria
Algeria >> 3/16/2016 - The International Monetary Fund warned Algeria's government that deep structural reforms are necessary to buffer against pressure from low oil prices. ...
$16bn Investment for North Pars
Iran >> 3/15/2016 - North Pars gas field is located 120 kilometers southeast of Bushehr province in the Persian Gulf waters. The field is 3,500 meters deep under water and is 10 to 15 kilometers far from coast. ...
Stock Movements - March 2016
Austria >> 3/14/2016 - OECD commercial oil stocks rose in January to stand at 3,023 mb, which was around 328 mb higher than the latest five-year average. Crude and products indicated surpluses of around 244 mb and 84 mb, ...
NIOC to Issue $1.5b in Bonds to Fund Oil, Gas Projects
Iran >> 3/14/2016 - National Iranian Oil Company (NIOC)s chief said the company will issue 50 trillion rials (about $1.454 billion) in bonds before the end of the current Iranian calendar year to March 19) to finance som...
Iran & UK Hold Oil Industry Investment Talks
Iran >> 3/13/2016 - Head of the Presidential Office Mohammad Nahavandian said that bilateral meetings were held with British officials and businessmen on investment in oil industry, infrastructure, and environment fields...
India's ONGC Plans $5b Investment to Develop Eastern Gas Asset
India >> 3/12/2016 - India's Oil and Natural Gas Corporation said it will unveil an investment of around $5 billion by the end of March to develop a major gas asset in the east, with a view to tapping higher gas prices. ...

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