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Iran Eyes $5b in Petchem Investments
Iran >> 8/7/2017 - Iran is close to absorbing over 5 billion dollars in fresh investments by three European majors in the near future. Iran's National Petrochemical Company (NPC) has devised policies to absorb fresh inv...
ADNOC in Discussions for New Offshore Oil Concession
ADNOC in Discussions for New Offshore Oil Concession United Arab Emirates >> 8/7/2017 - The Abu Dhabi National Oil Company (ADNOC) is in advanced discussions with more than a dozen potential partners who have expressed a significant interest in the offshore concession, currently operated...
Aramco Signed MoU with KBR to Strengthen In-Kingdom Procurement of Services
Saudi Arabia >> 8/3/2017 - Saudi Aramco’s commitment to develop a competitive and reliable local supply chain through its In-Kingdom Total Value Add (IKTVA) program was given a significant boost with the signing of a Memorandum...
Emerson's New ME Training Program Welcomes Saudi Graduates
United States >> 8/1/2017 - Emerson Automation Solutions has started their Beginners Integration Training (BIT) Program this month, recruiting 15 Saudi nationals who have recently graduated from top universities and institutes i...
Teekay & Brookfield Sign Strategic Partnership in Teekay Offshore
Canada >> 7/26/2017 - Teekay Corporation (Teekay or Teekay Parent) and Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) have agreed to enter into a strategic partnership with Brookfield Business Partners ...
China Stock Movements - July 2017
China Stock Movements - July 2017 China >> 7/26/2017 - The latest information for China showed that total commercial oil inventories fell by 5.3 mb in May for the third consecutive month to settle at 376.6 mb, which is 20.1 mb lower than the previous year...
ADNOC Begins Talks with Chinese, Japanese Firms for Partnerships
United Arab Emirates >> 7/23/2017 - The Abu Dhabi National Oil Company (ADNOC) recently announced the expansion of its strategic partnership model, as well as the more active management of its portfolio of assets. Following the launch o...
Husky Energy See Possible Acquisitions
Canada >> 7/21/2017 - Canadian oil and gas producer Husky Energy Inc sees an increased opportunity for asset purchases, but will have a "high bar" for determining whether to buy, company Chief Executive Officer Rob Peabody...
Iraq Opens 3rd Loading Dock to Elevate the Gas Investment to 1300 MSCF
Iraq >> 7/20/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil opened the 3rd loading dock in the exportation terminal in Um-Qasr port. Mr. Al- said that the accomplishment of this project represents a signific...
MOL Group Partners with Evonik and Thyssenkrupp for its Key Strategic Investment
Hungary >> 7/20/2017 - Half a year after the announcement of the 2030 strategy, MOL Group has reached an important milestone in its industrial transformational journey. The license agreements signed with Evonik and thyssenk...
Discussions with the Australian Ambassador to Egypt in Oil & Gas Domians
Discussions with the Australian Ambassador to Egypt in Oil & Gas Domians Egypt >> 7/19/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr Neil Hawkins, Australia’s Ambassador to Egypt. They discussed the joint projects in oil, gas and mineral resources domains ...
Abu Dhabi's State Oil Firm Hires U.S. Investment Bank Moelis
United Arab Emirates >> 7/18/2017 - Abu Dhabi National Oil Company (Adnoc) has appointed boutique U.S. investment bank Moelis & Co as an adviser as it seeks to attract billions of dollars in investments through joint ventures and prepar...
Intl. Firms Negotiate $200 Billion of Oil Deals in Iran
Iran >> 7/15/2017 - Asian and European companies are negotiating participation in Iran’s oil and gas development projects which need $200 billion worth of investment, Minister of Petroleum Bijan Zangeneh says. ...
Stock Movements - July 2017
Austria >> 7/12/2017 - OECD commercial oil stocks fell in May to stand at 3,015 mb, which is around 234 mb above the latest five-year average. Crude and products indicated surpluses of 148 mb and 86 mb above the seasonal n...
Shell to Divest Upstream Interests in Ireland for up to $1.23 billion
Ireland >> 7/12/2017 - Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has reached an agreement with CPP Investment Board Europe S.A.R.L. a wholly owned subsidiary of Canada Pension Pla...
Adnoc Plans IPO of Retail Unit at $14 Billion Value
United Arab Emirates >> 7/11/2017 - Abu Dhabi National Oil Co. is planning an initial public offering of its service stations unit and may seek a value of as much as $14 billion, according to people familiar with the matter. ...
China Stock Movements - June 2017
China Stock Movements - June 2017 China >> 7/10/2017 - The latest information for China showed that total commercial oil inventories fell by 9.0 mb in April for the second consecutive month, to settle at 381.9 mb, which is 15.1 mb lower than the previous ...
Egypt Hires Banks for Oil Company IPO, Starting Asset Sale Drive
Egypt Hires Banks for Oil Company IPO, Starting Asset Sale Drive Egypt >> 7/5/2017 - Egypt has hired three investment banks to manage the sale of part of its stake in local oil company Enppi, marking a key step in the government’s plan to privatize state-owned businesses. ...
Monday's Signing Marked total with the International Investment Security Return to Iran
Iran >> 7/4/2017 - Today, for Total, is a historic day, the day we come back to Iran,” Total's CEO Patrick Pouyanne said at the signing contract ceremony in Tehran. ...
Egypt Received $7b in Foreign Funds to Support 79 Development Projects
Egypt Received $7b in Foreign Funds to Support 79 Development Projects Egypt >> 6/30/2017 - Egypt recieved development funds worth $7 billion to support 79 projects in 11 sectors in 2016, the investment and international cooperation ministry said. ...

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