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SABIC & Exxon to Take Saudi Rubber Plant FID in July
SABIC & Exxon to Take Saudi Rubber Plant FID in July Saudi Arabia >> 4/25/2012 - Saudi Basic Industries Corp (SABIC) and Exxon Mobil plan to make a final investment decision on their multi-billion dollar synthetic rubber project in Saudi Arabia in July, SABIC's chief executive sai...
NPC Introduces 60 Petrochemical Plans for Investment
NPC Introduces 60 Petrochemical Plans for Investment Iran >> 4/29/2012 - 60 petrochemical projects have been introduced to domestic banks as opportunities for investment, managing director of the National Petrochemical Company (NPC), Abdolhosain Bayat said.
Iranian Private Sector to Play a Role in Oil Exports
Iran >> 5/4/2012 - Head of the Exporters of Oil, Gas and Petrochemical Products’ Syndicate, Hasan Khosrojerdi, made the above remarks in a news conference on Sunday adding private sector will take part in crude oil expo...
Iran Signs €1.6b Oil Deal with Spanish Firm
Iran >> 5/5/2012 - Irans Society of Iranian Petroleum Industries Equipment Manufacturers (SIPIEM) signed the contract with the Spanish company, the Mehr News Agency reported. ...
TNK-BP to Invest Over 2B Rubles into Development of Varyoganneftegaz
TNK-BP to Invest Over 2B Rubles into Development of Varyoganneftegaz Russia >> 5/14/2012 - OJSC Varyoganneftegaz (a TNK-BP group company) will invest over 2 billion rubles in 2012 into field infrastructure projects in West Siberia. The company will build around 109 new and overhaul another ...
Egypt's Maridive Says 2012 Q1 Net Loss $1.6 Million
Egypt >> 5/15/2012 - Egypt's Maridive and Oil Services, the biggest oil services company by fleet size in the Middle East, reported on Tuesday a net loss of $1.6 million for the first quarter of 2012. The firm has posted ...
Essar Energy Refinances US$450 Million Bridge Loan
India >> 5/15/2012 - Essar Energy plc, the India-focused integrated energy company, announced that it has refinanced a US$450 million bridge loan which was due December 2012 with a new US$300 million 3 year secured loan f...
SK Energy to Stop Iran Oil Imports from July
SK Energy to Stop Iran Oil Imports from July Iran >> 5/21/2012 - South Korea's largest oil refiner SK Energy will stop Iranian crude imports after a European Union insurance ban takes effect on July 1, two sources said, effectively making it the first of Tehran's m...
Gazprom Neft Reports Unaudited 3m 2012 Results
Russia >> 5/22/2012 - Gazprom Neft has published its unaudited consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for the period ended 31 March 2012. ...
Kashagan Oilfield Firms to Pay $1 Bln State Investment
Kazakhstan >> 5/28/2012 - Kazakhstan's foreign partners in developing the Kashagan oilfield will pay almost $1 billion this year and next to cover the state's portion of investment in the world's biggest oil discovery in 40 ye...
Lukoil Net Income Reached $3.8B in 1Q 2012
Lukoil Net Income Reached $3.8B in 1Q 2012 Russia >> 5/28/2012 - LUKOIL has published consolidated US GAAP financial statements for the first quarter of 2012. The Company’s net income was $3,789 million in the first quarter of 2012, which is 7.7% higher y-o-y. EBIT...
Bashneft’s Net Income in Q1 2012 Amounts to US$ 444m
Bashneft’s Net Income in Q1 2012 Amounts to US$ 444m Russia >> 5/29/2012 - Bashneft Group, including JSOC Bashneft and its subsidiaries and affiliates, has announced its preliminary unaudited consolidated financial results for Q1, 2012 prepared in accordance with Internation...
Eni Suspends Iran's Debt Payments in Oil
Eni Suspends Iran's Debt Payments in Oil Iran >> 5/31/2012 - Italy's Eni, which has been receiving payments in oil from Iran for debts, is reworking the deal and is unlikely to import crude in July after European Union sanctions on Tehran take effect, market so...
40 Million Rubles for Social Investments in Irkutsk
40 Million Rubles for Social Investments in Irkutsk Russia >> 6/1/2012 - OJSC Verkhnechonskneftegaz (VCNG), subsidiary of TNK-BP, is going to spend 40 million rubles in 2012 for social investments in the Irkutsk Region. ...
Turkey Steeply Cuts Iran Crude Imports
Turkey Steeply Cuts Iran Crude Imports Iran >> 6/5/2012 - Turkey has steeply cut oil imports from Iran in May and June, a source at the country's sole refiner told Reuters, to avoid U.S. sanctions after official trade data showed stubbornly high imports in A...
Pakistan Committed to All Iran Projects
Pakistan Committed to All Iran Projects Iran >> 6/6/2012 - Pakistani President Asif Ali Zardari stressed that his country is committed to the implementation of the Pakistani joint projects with Iran, including the Iran-Pakistan gas pipeline. ...
Pertamina Sign Mou between Algerian NOC, Sonatrach
Pertamina Sign Mou between Algerian NOC, Sonatrach Algeria >> 6/6/2012 - PERTAMINA and the Algerian National Oil Company SONATRACH have proceeded to a signature of a Memorandum of Understanding during the 25th World Gas Conference at Kuala Lumpur in the presence of Mr. You...
U.S. Soon to Grant More Waivers to Iran Sanctions
Iran >> 6/7/2012 - The United States will "very soon" announce a new list of countries that will receive waivers to financial sanctions on oil trade with Iran, a U.S. official said. ...
Iran Invites Foreign Firms to Invest in Gas Industry
Iran Invites Foreign Firms to Invest in Gas Industry Iran >> 6/10/2012 - Iran is ready to receive new offers from interested companies and investors to create a safe atmosphere of their cooperation, deputy managing director of the National Iranian Gas Company (NIGC), Mosta...
U.S. Exempts 7 Countries from Iran Oil Sanctions
Iran >> 6/12/2012 - The U.S. added seven economies to the list of nations qualifying for an exemption from financial sanctions on Iranian oil imports, penalties intended to pressure Iran’s leaders to abandon any nuclear ...

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