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Emerging and Developing Economies - July 2016
Emerging and Developing Economies - July 2016 Brazil >> 7/24/2016 - In Brazil, growth data for 1Q16 and the monthly indicators of the past two months have only confirmed the negative expectation for the economic growth of the country in 2016, which sees a contraction ...
Turkish Minister of Economy Meets SOCAR Delegation
Azerbaijan >> 7/22/2016 - SOCAR delegation led by Vagif Aliyev, Chief of the SOCAR Investment Department, Chairman of Board of Management, SOCAR Turkey Energy, visited the Ministry of Economy of Turkey and met Minister Nihat Z...
Marubeni & CT Corp Sign MoU for Strategic Partnership
Indonesia >> 7/19/2016 - Marubeni Corporation (“Marubeni”) signed a Memorandum of Understanding for a strategic partnership (“Agreement”) with CT Corp, a major Indonesian conglomerate engaged in a range of business sectors in...
CNR Puts off Planned Ivory Coast Investment over Low Oil Prices
Ivory Coast (Cote D'Ivoire) >> 7/19/2016 - Canadian Natural Resources (CNR) is postponing $300-400 million in planned investment on its Ivory Coast offshore blocks pending a rebound in crude prices, its general manager in the West African nati...
North Sea Field Shutdowns to Climb as Brexit Deepens Oil Gloom
United Kingdom >> 7/19/2016 - The pace of North Sea oil-field shutdowns is picking up as the impact of the market slump is compounded by the uncertain investment environment created by Brexit. ...
Rawson Resources Secures Investment for PNG Operations
Papua-New Guinea >> 7/18/2016 - Rawson Resources Limited, via its majority owned subsidiary Dondonald Limited, has secured a capital investment of approximately A$750,000 from a group of resident PNG Investors. ...
APICORP and Bahri to Launch US$1.5 Billion Shipping Fund
APICORP and Bahri to Launch US$1.5 Billion Shipping Fund Saudi Arabia >> 7/18/2016 - The Arab Petroleum Investments Corporation (APICORP) and The National Shipping Company of Saudi Arabia (Bahri) have launched a landmark shipping fund. ...
Iran Needs $100b for Developing Oil, Gas Fields
Iran >> 7/18/2016 - Managing director of National Iranian Oil Company (NIOC) says Iran's oil industry needs an investment of over a hundred billion dollars for development. ...
Pan American Energy to Invest $1.4b in Argentina this Year
Argentina >> 7/14/2016 - Pan American Energy LLC , a unit of BP, is planning to invest $1.4 billion in Argentina's biggest oil field and other areas this year. ...
Stock Movements - July 2016
Austria >> 7/12/2016 - OECD commercial oil stocks fell slightly in May to stand at 3,063 mb. At this level, they were around 329 mb above the latest five-year average. Crude and product stocks indicated a surplus of aroun...
Italian Firms Keen on Joining Iran Energy Projects
Iran >> 7/10/2016 - Head of the Italy Desk of the 2016 World Conference of Mayors and Councilors says Italian companies are keen on investing in Irans energy projects including renewables. ...
TAP Launches Community Investment Programme in Italy
Azerbaijan >> 7/7/2016 - Trans Adriatic Pipeline (TAP) AG will provide 200,000 Euro to support projects of associations and non-profit organisations. This is the first TAP community investment programme in Melendugno aimed to...
Egypt Reduces Arrears Owed to Foreign Oil Companies to $3.4 Bln
Egypt Reduces Arrears Owed to Foreign Oil Companies to $3.4 Bln Egypt >> 7/4/2016 - Egypt has reduced the arrears it owes foreign oil companies to $3.4 billion in 2015/16 from $3.5 billion a year earlier, Petroleum Minister Tarek El Molla told Reuters. ...
General Electric Ups Investments in Egypt
General Electric Ups Investments in Egypt Egypt >> 7/3/2016 - The American industrial conglomerate General Electric (GE) is planning to increase its investments in Egypt, focussing more on development projects. ...
Iran Names 8 Local Partners for Energy Majors
Iran >> 7/3/2016 - The Iranian Ministry of Petroleum selected 8 Iranian companies as local partners for international energy majors interested in investing in Irans oil and gas fields in the post-sanctions setting. ...
Saudi Arabia Keen to Expand China Energy Investments
Saudi Arabia >> 7/2/2016 - Saudi Arabia wants to expand its investments in China's energy industry, its Energy Minister Khalid al-Falih said , part of the world's top oil exporter's efforts to boost cooperation with a top custo...
Total Files Arbitration Against Algeria on Oil Tax Change
Algeria >> 7/2/2016 - French oil major Total has filed a request for arbitration against Algeria for changing profit-sharing terms on oil and gas contracts in the mid-2000s, Chief Executive Patrick Pouyanne said. ...
BP Announces Final Investment Decision to Expand Tangguh LNG Facility
Indonesia >> 7/1/2016 - BP, on behalf of Tangguh Production Sharing Contract Partners, today announced that the Final Investment Decision (FID) has been approved for the development of the Tangguh Expansion Project in the Pa...
Saudi, Japanese Officials to Discuss Investment into Aramco IPO
Saudi Arabia >> 6/29/2016 - Saudi and Japanese officials will hold meetings on Wednesday to discuss Japanese investment into the planned initial public offering (IPO) of a small part of Riyadh-controlled Saudi Aramco, said Khali...
NISOC Development Plans Awaiting Fresh Contracts
Iran >> 6/29/2016 - Investment packages in National Iranian South Oil Company, including company’s development plans, are in final stages. ...

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