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Ecopetrol & Occidental to Increase Output at Colombia's La Cira Field
Colombia >> 9/16/2015 - Colombia's state-run oil company Ecopetrol and U.S.-based Occidental Petroleum Co will invest up to $2 billion over 10 years to increase production at the La Cira-Infantas oil field, in a bid to reach...
Discovering New Gas Field Promotes Investment Opportunities
Egypt >> 9/15/2015 - Head of the German-Arab Chamber of Industry and Commerce and Chairman of the Bundestag's Committee on Economic Affairs and Energy Peter Ramsauer said Germany looks forward to promote investment opport...
Stock Movements - September 2015
Austria >> 9/15/2015 - OECD commercial oil stocks rose by 8.5 mb in July to stand at 2,925 mb, around 234 mb higher than same time one year ago, and about 202 mb above the latest five-year average. Crude oil and products ...
Morocco Oil Refiner Samir Plans $1.04b Capital Increase
Morocco >> 9/11/2015 - Morocco oil refiner Samir said it was planning a capital increase of 10 billion Moroccan dirham ($1.04 billion) in an effort to end the company's financial difficulties. ...
Low Oil Prices to Hit Non-OPEC Output, Boost Demand in 2016
Egypt >> 9/11/2015 - Low crude oil prices will lead to a pick up in demand and next year may cause the biggest drop in non-OPEC output in nearly a quarter of a century, the IEA said. ...
Morocco Oil Refiner Samir Falls to $223m H1 Loss
Morocco >> 9/10/2015 - Morocco's Samir made a 2.17 billion dirham ($223 million) first-half loss hurt by maintenance in January and February, the oil refiner said. ...
Egypt Aims to Cut Arrears to $2.5b Owed to Foreign Oil Firms
Egypt >> 9/9/2015 - Egypt paid foreign oil companies $600 million in arrears in August and still owes them $2.9 billion, the petroleum minister told Reuters. ...
Eni Sees Egyptian Gas Field Investment at $6-10 bln
Egypt >> 9/9/2015 - Eni expects a total investment of between $6-10 billion for the development of the Zohr gas field in Egypt, the chief executive of the Italian oil and gas group told a senate hearing in Rome. ...
SOCAR President Rovnag Abdullayev Visited Petkim
Azerbaijan >> 9/8/2015 - SOCAR President Rovnag Abdullayev, vice-presidents of the company Suleyman Gasimov, Elshad Nassirov, and Badal Badalov, Head of SOCAR's Investment Department and Chairman of the Board of Directors at ...
Algeria H1 Oil, Gas Export Volumes down 4.6 Pct
Algeria >> 9/8/2015 - Algeria's energy export volumes dropped 4.59 percent in the first half of 2015 from a year earlier, prompting a 43.1 percent decline in earnings, the central bank said. ...
SOCAR President Meets with Prime Minister of Malta
Azerbaijan >> 9/7/2015 - During the visit to Malta, SOCAR President Rovnag Abdullayev met with Prime Minister Joseph Muscat. The event, attended by Energy Minister Konrad Mizzi as well, discussed SOCAR’s investment project in...
Egypt's Finance Minister Says New Gas Find Won't Hurt Reform
Egypt >> 9/7/2015 - Egypt's finance minister says that the discovery of a massive new offshore natural gas field will not slow down his country's efforts to slash energy subsidies. ...
EGME to Invest $100m Following Kenyan Government Approval for O&G Projects
Kenya >> 9/7/2015 - Essel Group Middle East (EGME) has been granted a formal approval by the Kenyan government for its investment participation with Simba Energy Inc, Canada. This approval enables formal transfer of equi...
US$ 6 Billion in Fresh Investments Refineries
Egypt >> 9/5/2015 - Minister of Petroleum and Mineral Resources, Sheriff Ismail announced the allocation of US$6 billion in investments for the manufacturing and refining projects with the purpose of securing energy supp...
Rosneft & ChemChina Develop Cooperation
Russia >> 9/3/2015 - Rosneft and China National Chemical Corporation (ChemChina) signed a Heads of Agreement on cooperation in equity investment in ChemChina Petrochemical Corporation (CCPC) and a Memorandum of Understand...
Sinopec to Become a Strategic Investor in SIBUR
Russia >> 9/3/2015 - China Petrochemical Corporation (“Sinopec Group”), a major global energy and chemicals company, and SIBUR, a leading Russian gas processing and petrochemicals company, have entered into a framework in...
Venezuela and Vietnam Sign Oil and Gas Agreements
Venezuela >> 8/31/2015 - During his official visit to the Socialist Republic of Vietnam , President of Venezuela Nicolas Maduro held meetings with President of Vietnam Truong Tan Sang, and Vietnamese business leaders who anno...
Algeria to Cut Spending By 9 Pct Next Year over Oil Price Slump
Algeria >> 8/30/2015 - Algeria's government said it will cut spending by 9 percent next year due to the drastic fall in global oil prices as the OPEC petroleum and gas producer tries to counter the drop in energy revenues t...
Iran to Introduce 3 Gas Fields for Investment in London Conference
Iran >> 8/29/2015 - Development of North Pars, Golshan and Ferdowsi gas fields will be offered to investors at the upcoming London Conference where Iran is to unveil its new contract model (IPC), managing-director of Par...
Kuwait Summons Iran Envoy over Disputed Gas Field Reports
Kuwait >> 8/27/2015 - Kuwait has summoned the Iranian regime's charge d'affairs and handed him an official protest over reports that Iran had published a brochure on investment opportunities at a disputed gas field, the Ku...

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