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Slovnaft to Invest $500 Million by 2020 to Upgrade Petrochemical Unit
Slovak Republic >> 11/15/2016 - Slovakia's biggest oil refinery Slovnaft, owned by Hungary's MOL, will invest $500 million by 2020 to upgrade its petrochemical unit to diversify away from fuels, where demand is expected to decline, ...
BP to Invest $13b in Egypt before 2020
BP to Invest $13b in Egypt before 2020 Egypt >> 11/14/2016 - British oil company BP Global has plans to invest some $13 billion in Egypt before 2020, the UK embassy in Cairo said in a statement. ...
NPC in Talks with 2 German Firms to Open 12b Euro Credit Line
Iran >> 11/14/2016 - Director of the Investment Department at National Iranian Petrochemical Company (NPC) Hossein Alimorad says his company is busy in talks with two German companies to open credit lines of 12 billion eu...
Stock Movements - November 2016
Austria >> 11/11/2016 - OECD commercial oil stocks fell in September to stand at 3,052 mb, which is around 304 mb above the latest five-year average. Crude and products saw surpluses of around 165 mb and 138 mb, respectively...
Gazprom & Japan Bank for International Cooperation Discuss Further Cooperation
Russia >> 11/10/2016 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Tadashi Maeda, CEO and Executive Managing Director of Japan Bank for International Cooperation (JBIC), took p...
Iran Eying for More Foreign Oil Contracts after Total Deal
Iran >> 11/9/2016 - Iran is hoping to secure more overseas investment after a consortium led by France’s Total signed a $4.8bn deal to develop part of the giant South Pars gasfield, Irans deputy oil minister for internat...
NIOC Invites Businessmen to Invest in 40 Oil, Gas Projects
Iran >> 11/8/2016 - Iranian and foreign investors can invest in more than 40 projects for development of oil and gas fields, read a message, penned by Managing Director of National Iranian Oil Company (NIOC) Ali Kardor o...
Yokogawa Makes Strategic Equity Investment in Bayshore Networks
Japan >> 11/4/2016 - Yokogawa Electric Corporation announces that it has invested in Bayshore Networks Inc., a U.S. technology innovator that is developing cybersecurity software for the Industrial IoT (IIoT). With this i...
Aramco Invests $100M in Low-emission Technology
Saudi Arabia >> 11/4/2016 - The Oil and Gas Climate Initiative (OGCI) has announced a $1 billion investment over the next ten years, with each of its ten member companies, including Saudi Aramco, pledging investments of $100m to...
GE Oil & Gas Expands its Services Facility in Egypt
GE Oil & Gas Expands its Services Facility in Egypt Egypt >> 11/3/2016 - Following a meeting with Mr. Mohamed Khodair, Chairman of the General Authority for Investment and Free Zones (GAFI), GE Oil & Gas has announced the expansion of its services facility in Egypt with an...
Pemex Presents Its Business Plan 2016-2021
Mexico >> 11/3/2016 - Petroleos Mexicanos introduced its Business Plan 2016-2021. This Plan sets out the actions that will allow the productive state enterprise achieve primary surplus next year and achieve financial balan...
$25b Investment in 25 Petchem Projects in 6th Plan
Iran >> 11/3/2016 - Director of the Planning and Development Department at National Iranian Petrochemical Company (NPC) Farnaz Alawi says $25 billion investment will be made in 25 new petrochemical projects in the Sixth ...
SKF Invests SEK 150m in Schweinfurt Production Channels
Germany >> 11/3/2016 - SKF is investing SEK 150 million in modernizing its cylindrical roller bearing (CRB) manufacturing in Schweinfurt, Germany. This is the third significant manufacturing investment announced by SKF in t...
Mozambique Expects Eni Decision on LNG Investment this Year
Mozambique >> 11/2/2016 - Italy's Eni should make a final investment decision on its first offshore deep-water Liquefied Natural Gas project in Mozambique by the end of this year, Energy Minister Lleticia da Silva Klemens said...
Iran Welcomes Intl. Companies Contribution to Oil Projects
Iran >> 11/1/2016 - Vice-President of the Parliament Energy Committee Ali Adyani says Iran welcomes contribution of international companies into Iranian oil projects. ...
South Korean Firms to Participate in $27 bn Worth of Omani Projects
Oman >> 11/1/2016 - South Korean companies are participating in a slew of Omani energy and infrastructure projects worth approximately $27.1 billion, Yonhap News Agency said quoting the country’s Trade Ministry. ...
Iraqi President Received the Minister of Petroleum to Bolster Petroleum Partnership
Iraqi President Received the Minister of Petroleum to Bolster Petroleum Partnership Egypt >> 10/31/2016 - Dr. Fuad Masum , the Iraqi President received Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, and the accompanying delegation with the presence of the Egyptian Ambassador to Iraq, Dr...
NNPC Seeks $51 Bn Investment in Gas Sector
Nigeria >> 10/31/2016 - The Nigerian National Petroleum Corporation (NNPC) has said about $51 billion investment opportunities exist today in the midstream and downstream gas sector to achieve the growth phase in the Industr...
Iraq Ministry of Oil Offers 12 Oil Fields For the Development & Investment
Iraq >> 10/30/2016 - The ministry of oil announced to offer 12 medium size oil fields to be invested and developed in the middle & south of Iraq. Mr. Jabbar A. Allibi the minister of oil said that the ministry of oil invi...
Iran Needs $130b to Boost Crude Output Level
Iran >> 10/25/2016 - A member of the Iranian parliament says Iran will need at least 130 billion dollars in fresh investment by foreign financiers by 2021 if it is to enhance its oil recovery. ...

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