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Aminex Updates its Financial Arrangements in Tanzania
Tanzania >> 12/9/2013 - Aminex PLC (Aminex) provides the following update on its financial arrangements and operational activities in Tanzania. ...
Libya Lost $7 Billion to Oil Strikes
Libya >> 12/7/2013 - Libya has lost more than $7 billion and faces new competition from Algeria and Nigeria in oil markets due to strikes at oilfields and ports drying up exports, Oil Minister Abdelbari al-Arusi said. ...
Egypt Pens Energy Debt Payoff Deal
Egypt >> 12/5/2013 - Egypt's army-installed government unveiled a timetable to pay $3 billion of $6.3 billion it owes to foreign oil firms, part of a campaign to revive confidence in an economy hammered by three years of ...
Pura Vida Announces Placement to Raise $13.5 million
Madagascar >> 12/5/2013 - Pura Vida Energy NL is pleased to announce that it has resolved to raise $13.5 million through the placement of 21.5 million shares at $0.63 per share (“the Placement”). Hartleys Limited was Sole Glob...
Egypt Promises Repayments to Oil Firms
Egypt >> 12/4/2013 - Egypt promised to pay $1.5 billion of the $6 billion it says it owes foreign oil companies, aiming to restore investor confidence in an economy damaged by nearly three years of political turmoil. ...
Libya Spends $7bn to Cover Lost Oil Revenue
Libya >> 12/4/2013 - The Deputy Governor of Libya’s Central Bank, Ali Mohamed Salem, has told Reuters that Libya has spent $7 billion of its foreign currency reserves to offset the impact of oil strikes, and will have to ...
Iranian NPC Welcomes Relief of Sanctions
Iran >> 11/24/2013 - The board of directors of National Petrochemical Company (NPC) welcomed sanctions relief on Iran’s petrochemical sector. ...
Balance of Supply and Demand Forecast for 2014
Balance of Supply and Demand Forecast for 2014 Australia >> 11/13/2013 - Demand for OPEC crude for 2014 remained unchanged from the previous report to stand at 29.6 mb/d. This represents negative growth of 0.3 mb/d compared to 2013. All the quarters remained unchanged from...
Oil Market Highlights - Nov 13
Austria >> 11/12/2013 - The OPEC Reference Basket declined by $2.04 to $106.69/b in October after four consecutive months of gains. All Basket component values moved lower, but by varying degrees. Most components were affe...
Balance of Supply and Demand - Nov 13
Austria >> 11/12/2013 - Estimate for 2013
Demand for OPEC crude for 2013 remained unchanged from the previous report as world oil demand and non-OPEC supply saw a minor adjustment. Within the quarters, 1Q13 rem...
ENI Demands $10 bln from Statoil in Arbitration
Norway >> 11/8/2013 - Italian energy firm ENI is demanding 60 billion Norwegian crowns ($10.1 billion) from Statoil, claiming it overcharged for natural gas over several years, Norwegian business daily Dagens Naeringsliv s...
Panoro Provides Update on Divestment Process for Aje Field
Nigeria >> 11/7/2013 - Panoro Energy announces that Lekoil has failed to pay the balance of USD 26 million plus an additional amount of approximately USD 1 million of working capital adjustment by November 6, 2013. Panoro E...
China Owes Iran €22 Bln in Oil and Gas Debt
Iran >> 10/30/2013 - China owes Iran €22 billion in oil and gas debt, vice president for planning and strategic supervision Mohammad Baqer Nobakht has said. ...
ShaMaran Plans USD $150M Bond Placement
Iraq >> 10/28/2013 - ShaMaran Petroleum Corp. (ShaMaran or the Corporation) (SNM) reports that it plans to issue a USD $150 million senior secured bond. Net proceeds from the bond will be used to fund the Company's future...
Yansab Q3 Net Profit Doubles on Higher Output, Prices
Saudi Arabia >> 10/22/2013 - Saudi Arabia's Yanbu National Petrochemical Co reported a doubling of its third-quarter net profit, attributing the rise to increased production and sales as well as higher prices for its products. ...
Oando Secures Financing for ConocoPhillips' Nigerian Business
Nigeria >> 10/10/2013 - Oando Energy Resources Inc. (OER), a company focused on oil exploration and production in Nigeria, announced that it has received commitment letters for up to US$815 million of bank credit facilities ...
Oil Market Highlights - Oct 13
Austria >> 10/10/2013 - - The OPEC Reference Basket rose for the fourth consecutive month in September, increasing by $1.21/b to average $108.73/b. Crude oil futures prices began the month with some upward momentum fuelled...
Product Markets Ahead of Winter - Oct 13
Austria >> 10/10/2013 - A review of product market developments over the recent months shows a mixed performance. In the US, improving seasonal product demand hiked margins since the second quarter and encouraged refineries...
Balance of Supply and Demand - Oct 13
Austria >> 10/10/2013 - Forecast for 2013
Demand for OPEC crude for 2013 remained unchanged from the previous report as world oil demand and non-OPEC supply saw only a minor adjustment. The first three quarters ...
Argentina Set to Offer Repsol $1.5 bln for YPF
Argentina >> 9/18/2013 - The Argentine government is preparing to offer $1.5 billion in cash to Spanish oil company Repsol in compensation for the 2012 nationalization of Argentina's main energy company, YPF, the newspaper La...

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