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Talks with GM of China Development Bank
Talks with GM of China Development Bank Egypt >> 4/25/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received the General Manager of China Development Bank (CDB) and the accompanying delegation, where they discussed cooperation and part...
Gas Commitment to Determine $2.3b Duqm Methanol Project
Oman >> 4/22/2017 -  A proposal to set up a $2.3 billion-greenfield methanol project by Mingyuan Holdings Group Co. Ltd in Duqm will depend on the Sultanate’s commitment to supply natural gas as feedstock. ...
Italy’s Refiner Saras Clears All Oil Debt with Iran
Italy >> 4/22/2017 - Key Italian oil refiner Saras says it has cleared all the debt it owed Iran for oil purchased before sanctions were imposed against the country in 2012. ...
New Oil Contracts Will Rouse Iran’s Job Market
Iran >> 4/20/2017 - New contracts in the oil and gas sector can create thousands of jobs and resuscitate the economy which is reeling from international financial and trade restrictions, says Bijan Namdar Zanganeh, the o...
Iran South Pars Revenues Hit $191 Billion
Iran >> 4/19/2017 - Managing Director of the National Iranian Oil Company (NIOC) Ali Kardor said Iran has so far recovered 1,060 billion cubic meters of natural gas from the supergiant South Pars Gas Field, adding the re...
UAE'S TAQA might Sell Some North American Oil & Gas Assets
United Arab Emirates >> 4/19/2017 - Abu Dhabi National Energy Company (TAQA) might sell some of its oil and gas interests in North America to raise capital for its core business, its chief operating officer told Reuters. The loss-making...
Peru to Issue up to $3b in Bonds to Finance State
Peru >> 4/18/2017 - Peru is expecting to issue up to $3 billion in bonds in the international market in the first half of 2017 to finance Petroperu, Energy and Mining Minister Gonzalo Tamayo. The funds would be used to h...
Bahrain National Gas Expansion Co Raises $515 mln Loan
Bahrain >> 4/17/2017 - Bahrain National Gas Expansion Co, a subsidiary of the country's National Oil and Gas Authority, signed a $515 million syndicated loan that will back part of the expansion of its gas processing facili...
U.S Judge Approves $2.6 Billion Fine for Odebrecht
Brazil >> 4/17/2017 - A U.S. judge on Monday sentenced Brazilian engineering company Odebrecht SA to pay $2.6 billion in fines in a massive criminal corruption case, signing off on a plea deal between the company and U.S.,...
Balance of Supply and Demand - April 2017
Austria >> 4/12/2017 - Demand for OPEC crude in 2016 stood at 31.7 mb/d, which is 1.9 mb/d higher than 2015 levels. In 2017, the demand for OPEC crude is projected to reach 32.2 mb/d, around 0.6 mb/d higher than the previ...
Santos Repays US$250 Million of 2019 ECA Loan Facility
Australia >> 4/11/2017 - Santos has announced the early repayment of US$250 million of its US$12 billion Export Credit Agency (ECA) supported Uncovered Syndicated Facility, scheduled to mature in 2019. The repayment will be m...
U.S. Shale Drilling Expenditures up in 2015
United States >> 4/10/2017 - The domestic oil and natural gas industry spent an estimated $122.8 billion in drilling approximately 28,809 oil and natural gas wells in 2015, according to API’s 2015 Joint Association Survey on Dril...
Oman to Seek $5b Bank Finance for $7b Duqm Refinery Project
Oman >> 4/10/2017 - Duqm Refinery, a 50:50 joint venture between the Sultanate’s state-owned Oman Oil Company and Kuwait Petroleum International, is seeking 65 per cent of its $7 billion capital expenditure for building ...
Marubeni and GRID’s Capital/Business Alliance
Japan >> 4/10/2017 - Marubeni Corporation (Marubeni) and GRID, Inc. (GRID) agreed to conduct a capital and business alliance to develop and implement solutions using Artificial Intelligence (Al) technology for the Maruben...
SOCAR’s Budget Payments for March 2017
Azerbaijan >> 4/7/2017 - SOCAR paid AZN 133 million 985 thousand to the State Budget for March of the current year that is AZN 24 million 737 thousand (122,6%) more than the same period of 2016. In general, for January-March ...
Gazprom Neft Successfully Completes Rub15 Billion Placement
Russia >> 4/6/2017 - Gazprom Neft has successfully closed the book-building of its series 001P-01R exchanged-traded bonds, with a nominal value of RUB15 billion, a maturity of five years, and a semi-annual coupon period. ...
API Releases New Study on Impacts of Restricting Fossil Fuel Production
United States >> 4/5/2017 - API President and CEO Jack Gerard stressed the need for forward-looking energy policies that embrace the U.S. energy renaissance as API released a new study examining the negative impacts of policies ...
AfDB Funds Tanzania’s NG Market with 29.8 Million Loan
Tanzania >> 4/5/2017 - The African Development Bank (AfDB) has approved a USD 29.8 Million loan to Tanzania to help the country mobilize domestic resources and unlock the potential of its natural gas resources through lever...
FAR Announces $80 Million Capital Raising
Gambia >> 4/5/2017 - FAR Ltd is pleased to announce a fully-underwritten placement to institutional and sophisticated investors to raise approximately $80 million before expenses by issuing 1,000 million shares (Placement...
Saudi Arabia to Switch Crude Oil Pricing for European Refiners
Saudi Arabia >> 4/4/2017 - Saudi Arabia is to tweak the benchmark it uses to sell its crude in Europe, in a concession to refiners in the region that have long complained about their ability to hedge using the current measure. ...

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