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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...
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...
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...
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...
Algeria to Suffer from Drop in Gas Prices
Algeria >> 8/26/2015 - Algeria will feel the effects of the global fall in gas prices in the next eight months, an Algerian economic report warned. ...
Petromaroc Updates Finances
Petromaroc Updates Finances Morocco >> 8/26/2015 - PetroMaroc Corporation plc, an independent oil and gas company focused on Morocco is pleased to announce its financial and operating results for the second quarter of 2015. ...
Japan Stock Movements – August 2015
Japan Stock Movements – August 2015 Japan >> 8/24/2015 - In Japan, total commercial oil stocks fell by 1.0 mb, after increasing sharply in May by 15.6 mb. At 158.9 mb, Japanese commercial oil inventories stood 4.0 mb or 2.5% lower than a year ago, but remai...
Algeria Oil, Gas Export Volumes down 8.9 Pct in Q1
Algeria >> 8/19/2015 - Algeria's oil and gas export volumes are continuing to decline, dropping 8.9 percent in the first quarter of 2015 from a year earlier, weakened by stagnant output and a sharp rise in domestic demand, ...
Africa Oil Enters into $50m Equity Subscription Financing With IFC
Tanzania >> 8/18/2015 - Africa Oil Corp. (Africa Oil) has entered into an equity subscription agreement with International Finance Corporation (IFC), a member of the World Bank Group, to sell, on a non-brokered private place...
Official Calls for Facilitating Foreign Investments
Iran >> 8/18/2015 - Head of Irans National Petrochemical Company (NPC) Abbas Shari-Moqaddam has called on the government to make efforts and take the necessary measures to lay the groundwork for welcoming foreign firms i...
Investment Flows into Commodities Markets
Investment Flows into Commodities Markets Austria >> 8/17/2015 - Open interest volume (OIV) in selected US commodity markets increased in July for crude oil and precious metals, while it declined for agriculture, natural gas, copper and livestock. Meanwhile, specul...
China Stock Movements - August 2015
China Stock Movements - August 2015 China >> 8/17/2015 - The latest information for China showed an increase in total commercial oil inventories of 0.6 mb in June to stand at 412.0 mb, which was around 16.4 mb above the previous year at the same time. Withi...
Severstal Invests 4 billion Rubles in the Russian Steel Division in H1 2015
Russia >> 8/13/2015 - PAO Severstal, one of the world's leading vertically integrated steel and steel-related mining companies, announces that it has invested more than 4 billion rubles in its Russian Steel division in H1 ...
Stock Movements – August 2015
Austria >> 8/12/2015 - OECD commercial oil stocks fell by 18.1 mb in June to stand at 2,858 mb, around 185 mb higher than at the same time one year ago, and 153 mb above the latest five-year average. Crude and products in...
Venezuela Appeals for 2nd Time to World Bank Panel in Conoco Dispute
Venezuela >> 8/11/2015 - Venezuela has appealed for a second time to the World Bank's arbitration panel against its decision in the country's dispute with ConocoPhillips, linked to the nationalization of the company's assets....

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