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Oil Market Developments in 2015
Austria >> 6/11/2015 - Crude oil prices have started to recover from the low levels witnessed at the beginning of the year. In May, the OPEC Reference Basket averaged more than $62/b, representing a new high for the year an...
Balance of Supply and Demand - June 15
Austria >> 6/10/2015 - Demand for OPEC crude in 2014 remained unchanged from the previous report to stand at 29.0 mb/d, which is 1.4 mb/d lower than the previous year’s level. In 2015, the demand for OPEC crude also remai...
SATORP Secures 2 Billion Saudi Riyal Loan
Saudi Arabia >> 6/10/2015 - Saudi Aramco Total Refining and Petrochemical Company (SATORP) said on Wednesday it had obtained a 2 billion riyal ($533.33 million)loan from the state-affiliated Saudi Industrial Development Fund. ...
IFC & Quantum Oil Terminal to Increase Petroleum Storage Capacity in Ghana
Ghana >> 6/9/2015 - IFC, a member of the World Bank Group, signed an $8 million loan agreement with Quantum Oil Terminal Limited, a leading player in the oil and gas sector in Ghana. ...
IMF Reaches Agreement on $833m Loan to Iraq
Iraq >> 6/5/2015 - An International Monetary Fund (IMF) mission led by Carlo Sdralevich visited Amman from May 27 – June 4, 2015 to discuss with the Iraqi authorities financial assistance to Iraq under the Rapid Financi...
Indonesia Hopes to Rejoin OPEC by Year-End
Indonesia >> 6/4/2015 - Indonesia hopes to rejoin OPEC by the oil producer group's next meeting in around six months' time, Energy Minister Sudirman Said said. ...
Aminex Sees Loan Facility Extended While it Awaits Tanzanian GSA
Tanzania >> 6/4/2015 - Aminex PLC (Aminex), an oil and gas company listed on the London and Irish Stock Exchanges is pleased to announce a six month extension to the repayment date of its corporate loan facility. ...
Petrobras Brings in Merrill to Help in $5b Selloff Plan
Brazil >> 6/3/2015 - Indebted Brazilian oil company Petrobras has brought in Bank of America Merrill Lynch to help manage a multi-billion dollar divestment plan and has already contacted major oil companies who might be i...
Balance of Supply and Demand Forecast - May 2015
Balance of Supply and Demand Forecast - May 2015 Austria >> 6/3/2015 - Demand in 2015 for OPEC crude was revised up slightly by 60 tb/d from the previous month, driven mainly by a slight rise in world oil demand as non-OPEC supply remained almost unchanged. The first qua...
Financing between Petrobras Distribuidora and Banco Bradesco
Brazil >> 6/1/2015 - Petrobras informs that concluded the financing operation with Banco Bradesco, through its wholly-owned subsidiary Petrobras Distribuidora S.A., in the form of an export credit note, worth R$ 3 billion...
An Execution of Formal Financing Agreement for up to US$35 million Funding
China >> 5/31/2015 - Following the Company’s announcement on 26 May 2015, Range Resources has announced the execution of a definitive subscription agreement for a funding package of up to US$35 million with Beijing Sibo I...
Rosneft Repaid Two Syndicated Loans of the Former TNK- BP Group
Russia >> 5/29/2015 - Rosneft delivered a payment to the group of international banks repaying two syndicated loans which were obtained by former TNK- BP group in 2011-2012. ...
Naftogaz Transfers $32 mln to Russia's Gazprom As Pre-Payment for Gas
Russia >> 5/18/2015 - Ukraine's state-run gas company Naftogaz has transferred $32 million to Russia's gas monopoly Gazprom as a further pre-payment for gas deliveries, a spokeswoman for the company said. ...
Orpic Secures a $909m Syndicated Loan
Oman >> 5/18/2015 - Orpic, Oman’s national refinery and petrochemical company, commemorated the successful closure of an OMR350 million Corporate Loan syndicated facility at its Mina Al Fahal refinery site. This is the f...
Brazil's Petrobras Posts 5.33 bln 1st Quarter Profit
Brazil >> 5/15/2015 - Brazil's state-run oil company Petroleo Brasileiro SA beat analyst forecasts, posting first-quarter profit little changed from a year earlier, as an end to fuel subsidies helped overcome a plunge in c...
New A$400 Million Bank Loan Facility for AWE AWE
Australia >> 5/14/2015 - AWE Limited acquired a new four-year, A$400 million secured multicurrency syndicated bank loan facility to replace its existing A$300 million unsecured loan facility. ...
R$ 157 million Recovered by Lava Jato Operation
Brazil >> 5/12/2015 - Petrobras announces that today R$ 157 million in funds repatriated by Brazil’s Federal Prosecutor as a result of Operation Lava Jato were made available for the Company. This is the first reimbursemen...
Oil Market Highlights - May 2015
Austria >> 5/12/2015 -  Crude Oil Price Movements
The OPEC Reference Basket rose in April to its highest value this year supported by various bullish factors. The Basket increased $4.84 to $57.30/b, although re...
Balance of Supply and Demand
Austria >> 5/12/2015 - Demand for OPEC crude in 2014 remained unchanged from the previous report to stand at 29.0 mb/d, 1.4 mb/d lower than the 2013 level. The demand for OPEC crude in 2015 was also revised slightly up to a...
Chad to Reschedule $1.5b of Glencore-Led Oil Loans
Chad >> 5/11/2015 - Chad’s government is seeking to delay repayment of about $1.5 billion of Glencore Plc-led bank loans to conserve cash after a collapse in crude prices and its intervention in the war against Boko Hara...

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