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Stock Movements - January 2016
Austria >> 1/18/2016 - OECD commercial oil stocks fell in November to stand at 2,966 mb, around 267 mb higher than the latest five-year average. Crude oil and products indicated a surplus of around 200 mb and 67 mb above ...
Eni CEO Says Iran Needs $150 billion of Energy Investment
Iran >> 1/18/2016 - Iran's emergence from economic sanctions will help Europe to diversify its energy supplies, but the Islamic Republic will need to invest at least $150 billion in infrastructure to become a major produ...
Oil Barrel at $25 and Algeria is Under Shock
Algeria >> 1/16/2016 - The government seeks new resources to fund its budget as oil price collapsed to less than $25. Experts warn against serious repercussions and expect strict measures to tighten the belt. ...
PTTEP May Cut 2016 Budget, Keen for Stake in BG's Bongkot Gas Field
Thailand >> 1/12/2016 - Thailand's PTT Exploration and Production Pcl is considering cutting its $3.4 billion investment budget for this year due to declining oil prices, its chief executive said. ...
Algeria's Energy Export Volumes Dip In Jan-Sept 2015
Algeria >> 1/7/2016 - Algeria's energy export volumes dropped 2.8 percent in the first nine months of 2015 due to a fall in output and a sharp rise in domestic consumption, the energy ministry said. ...
French Banks to Finance MIDOR Refinery Expansion
French Banks to Finance MIDOR Refinery Expansion Egypt >> 1/5/2016 - Egypt's oil refinery MIDOR will finance its planned expansion, borrowing $1.2 billion from French lenders Credit Agricole and BNP Paribas, a loan that will be guaranteed by the Italian central bank an...
AWE Approves First Stage Waitsia Gas Field Development
Australia >> 1/5/2016 - AWE Limited announced that the AWE-Operated L1/L2 joint venture has made the Final Investment Decision (FID) for Stage 1A of the Waitsia gas field development project, located in the onshore Perth Bas...
China Insurance Fund to nvest in Russia's Yamal LNG
Russia >> 1/5/2016 - More than 40 Chinese insurance companies and asset managers have jointly started an investment firm, raising 40 billion yuan ($6 billion) for a first fund to finance energy and infrastructure projects...
Egypt Arrears Owed to Oil Firms Rises to $3b at End-2015
Egypt Arrears Owed to Oil Firms Rises to $3b at End-2015 Egypt >> 1/3/2016 - Egypt's outstanding arrears to foreign oil companies rose to $3 billion at the end of December 2015 from $2.7 billion at the end of October, Petroleum Minister Tarek El Molla said. ...
China Stock Movements - December 2015
China Stock Movements - December 2015 China >> 1/2/2016 - The latest information for China showed a drop in total commercial oil inventories of 23.5 mb in October following a 5.6 mb stock-draw in September. At 378.2 mb, Chinese oil inventories were around 13...
Schlumberger will Support Tendrara License Operations
Morocco >> 12/30/2015 - Sound Energy, the European / Mediterranean focused upstream oil and gas company has entered into a Field Management Agreement with an affiliate of Schlumberger Oilfield Holdings Limited in relation th...
Investment Flows into Commodities Markets
Investment Flows into Commodities Markets Austria >> 12/27/2015 - Open interest volume (OIV) increased in November for select US commodity markets such as agriculture, crude oil, copper, natural gas and livestock, while it decreased for precious metals. Meanwhile, s...
Egypt Struggles to Pay For Oil amid Foreign Currency Crisis
Egypt Struggles to Pay For Oil amid Foreign Currency Crisis Egypt >> 12/24/2015 - Egypt is struggling to pay for U.S. dollar-priced oil product and liquefied natural gas (LNG) imports, cancelling purchases, and asking suppliers to extend payment terms amid an acute foreign currency...
Algeria Swings into Trade Deficit as Energy Earnings Fall
Algeria >> 12/21/2015 - Algeria posted a trade deficit of $12.62 billion for the first 11 months of 2015, against a $5.45 billion surplus a year ago, after a 42.4 percent fall in energy earnings caused by the drop in crude o...
International Investors to Discuss Partnerships for Egypt’s Power Sector
International Investors to Discuss Partnerships for Egypt’s Power Sector Egypt >> 12/20/2015 - Endorsed by Egypt’s government, the Egypt Energy Investment Summit will take place in Cairo from 16 to 18 February 2016. The meeting is bringing together Egyptian and African government representative...
WRA with Ministry of Petroleum Bring International Technology Companies & Investors to Cairo
Egypt >> 12/20/2015 - The World Refining Association (WRA) announced the inaugural Egypt Downstream Summit & Exhibition is to be held under the patronage of His Excellency Tarek El Molla, Minister of Petroleum and Mineral ...
China's Silk Road Fund Provided 700 mln Euros to Yamal LNG
Russia >> 12/17/2015 - OAO NOVATEK (NOVATEK) announced the signing of binding definitive agreements as part of a transaction for selling an equity stake in the Yamal LNG project to China’s Silk Road Fund (“SRF”). ...
Huge Investments in Mexico Oil & Gas Industry
Huge Investments in Mexico Oil & Gas Industry Mexico >> 12/16/2015 - In 2015 and in the presence of the President, Enrique Pena Nieto, Pemex announced projects representing a total investment of 23 billion dollars that will generate more than 60,000 direct jobs. At the...
Petrobras 2016 Divestment to Take Place Faster than Expected
Brazil >> 12/15/2015 - The pace of divestment at Brazil's state-run oil company Petrobras in 2016 will likely be faster than originally thought, the company's Chief Executive Aldemir Bendine said on Tuesday.
Egypt Aims to Reduce Oil Product Subsidies
Egypt >> 12/14/2015 - Egypt seeks to reduce oil product subsidies to 30 percent over the next five years, Prime Minister Sherif Ismail said, reversing an earlier decision to fully eliminate the subsidies by that time. ...

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