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Egypt Earmarks $8 bln for Fuel Subsidies in 2015/2016
Egypt >> 6/20/2015 - Egypt's draft 2015/2016 budget earmarks 61 billion Egyptian pounds ($8 billion) for fuel product subsidies, Tarek El Molla, chairman of state-run Egyptian General Petroleum Corp (EGPC), said in a stat...
US Stock Movements - June 2015
US Stock Movements - June 2015 United States >> 6/20/2015 - Preliminary data for May shows that total commercial oil stocks rose slightly by 1.9 mb after increasing sharply by more than 30 mb in March and April to stand at 1252.0 mb. With this build, they were...
Rosneft Signed Cooperation Agreement with the Republic of Karelia
Russia >> 6/20/2015 - Chairman of Rosneft Management Board Igor Sechin and Head of the Republic of Karelia signed additional cooperation agreement at St.Petersburg International Economic Forum. ...
RDIF & Leading International Investors to Invest in ZapSibNeftekhim Facility Construction Project
Russia >> 6/18/2015 - A consortium comprising the Russian Direct Investment Fund (RDIF) and leading international investors, have agreed to invest in the development of ZapSibNeftekhim, SIBUR’s integrated petrochemical fac...
Bashneft & Sberbank of Russia Sign a Strategic Cooperation Agreement
Russia >> 6/18/2015 - Bashneft and OJSC Sberbank of Russia have concluded a Strategic Cooperation Agreement until 2018 as part of the 19th Saint Petersburg International Economic Forum. The document was signed by the Compa...
Veolia, Peterson Team up for Southern North Sea Decommissioning
United Kingdom >> 6/17/2015 - Peterson, the international energy logistics provider in partnership with Veolia the UK’s leading environmental solutions provider, has announced a Ł 1 million investment in the development of a new, ...
Gazprom Invests RUB 242.5 Billion into Russian Regions Gasification within 10 Years
Gazprom Invests RUB 242.5 Billion into Russian Regions Gasification within 10 Years Russia >> 6/17/2015 - On the threshold of Gazprom’s annual General Shareholders Meeting the Company’s headquarters hosted today Press Conference “Gas Supply to Domestic Market. Executing Russian Regions Gasification Progra...
KrisEnergy to Rise $123M for Thailand & Bangladesh Development Projects
Thailand >> 6/15/2015 - Singapore-based KrisEnergy Ltd. (KrisEnergy or the Company), an independent upstream oil and gas company, announced Monday an underwritten renounceable rights issue (the Rights Issue) to support the C...
Bashneft to Invest 3 billion Roubles in Construction of an Oil Sludge Processing Unit
Russia >> 6/15/2015 - PJSOC Bashneft has signed a contract with KMT International for the design and supply of equipment for an oil sludge processing unit. The Company plans to put the unit into operation in 2017 at the si...
Orca to Proceed with 1st Phase of Songo Songo Development Programme
Tanzania >> 6/15/2015 - Orca Exploration Group Inc. (Orca) is proceeding with the first phase of the Songo Songo development programme following World Bank board approval of the International Finance Corporation (IFC) financ...
Bank Sohar and QNB jointly Sign $77.5m Syndicated Loan for DEI
Oman >> 6/14/2015 - Bank Sohar, one of the most prominent banks within the Sultanate and QNB, “one of the world’s strongest banks” jointly announced the signing of a syndicated loan worth $ 77.5 million, for Dalma Energy...
China Stock Movements in June 2015
China Stock Movements in June 2015 China >> 6/14/2015 - The latest information for China showed a decline in total commercial oil inventories of 1.5 mb in April to stand at 409.4 mb, which was around 9.7 mb above the previous year at the same time. Within ...
Foreign Firms Discuss Investment in Iran
Iran >> 6/13/2015 - A deputy head of National Petrochemical Company (NPC) has met with senior managers from foreign companies. ...
US$ 1.5 Billion received from the China Development Bank
Brazil >> 6/12/2015 - Petrobras has received through its fully owned subsidiary Petrobras Global Trading BV - PGT, the amount of US$ 1.5 Billion related to the loan signed on May 20th, 2015, with the China Development Bank...
Stock Movements - June 2015
Austria >> 6/11/2015 - OECD commercial oil stocks rose by 30.8 mb in April to stand at 2,776 mb, which is more than 178 mb higher than the same time a year ago and 105 mb above the latest five-year average. Crude and prod...
EGPC Faces Financial Distress Due to Rising Debt
Egypt >> 6/11/2015 - The Egyptian General Petroleum Corporation EGPC's dues from other government entities rose by 13 percent in the first 10 months of the current fiscal year, currently standing at LE95.5 billion (US$12....
Iran Budget Facilitates Investment
Iran >> 6/7/2015 - Iran’s speaker of parliament has said that the budget law for the current calendar year clears the way for investment in the oil sector. ...
Vallianz Receives $10M Investment from UOC to Expand Business Ops
Singapore >> 6/4/2015 - Vallianz Holdings Limited (Vallianz and together with its subsidiaries, the Group), a fast growing provider of offshore support vessels and integrated marine solutions to the oil and gas industry, rep...
China Stock Movements - May 2015
China 	Stock Movements - May 2015 China >> 6/4/2015 - The latest information for China showed total commercial oil inventories rose by 7.9 mb in March to stand at 410.9 mb, which is around 7.0 mb above the previous year at the same time. Within the compo...
Severstal to Invest Over 2.5 billion Rubles into Developing Flat Steel Production in 2015
Russia >> 6/2/2015 - PAO Severstal, one of the world's leading vertically integrated steel and steel-related mining companies, will invest over 2.5 billion rubles in developing flat production at the Cherepovets Steel Mil...

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