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CNPC & Mubadala Petroleum Sign Strategic Cooperation Agreement
China >> 12/14/2015 - On December 13 in Beijing, in the presence of His Highness Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, CNPC Chairman Wang Yilin and Dr. Sultan Ahmed Al Jaber, UAE Minister of State...
Stock Movements - December 2015
Austria >> 12/13/2015 - OECD commercial oil stocks fell in October to stand at 2,955 mb, which is around 244 mb higher than the latest five-year average. Crude and products indicated surpluses of around 180 mb and 64 mb ab...
RDIF & International Funds Invest in ZapSibNeftekhim Project
Russia >> 12/9/2015 - A consortium of investors, comprising the Russian Direct Investment Fund (RDIF) and leading Middle Eastern sovereign wealth funds have invested in SIBUR’s ZapSibNeftekhim project – an integrated petro...
Egypt's Sidi Krir Expects 2016 Net Profit to Slip
Egypt >> 12/9/2015 - The board of Sidi Krir Petrochemicals approved a 2016 operating budget with expectations for a 2.4 percent fall in net profit, the Egyptian firm said in a bourse statement. ...
$26.6b Capital & Exploratory Budget from Chevron for 2016
United States >> 12/9/2015 - Chevron Corporation announced a $26.6 billion capital and exploratory investment program for 2016. Included in the 2016 program are $4.5 billion of planned expenditures by affiliates. The 2016 budget ...
EGPC Denies Negotiating to Delay Dollar Payments to Banks
Egypt >> 12/8/2015 - Egyptian General Petroleum Corp (EGPC) denied on Tuesday that it was negotiating with banks to delay dollar payments owed to them after failing to receive its full dollar needs from the central bank i...
Pemex Invests Projects with $23b
Mexico >> 12/8/2015 - In the presence of the President, Enrique Pena Nieto, Petroleos Mexicanos announced projects representing a total investment of 23 billion dollars that will generate more than 60,000 direct jobs. ...
Singapore and ARA Stock Movements - November 2015
Singapore and ARA Stock Movements - November 2015 Singapore >> 12/7/2015 - At the end of September, product stocks in Singapore rose by 2.0 mb, reversing a drop of 0.4 mb in August. At 55.3 mb, product stocks in Singapore were 10.2 mb or 23.8% above the same period a year ag...
US Stock Movements - November 2015
United States >> 12/4/2015 - Preliminary data for October shows that total commercial oil stocks in the US rose slightly by 1.1 mb, following a build during the last two months to stand at 1,303 mb. At this level, they were 163.4...
After Oil Price Drop, Algeria Eyes Subsidy System Reform
Algeria >> 11/28/2015 - Algeria's government is considering reforming its subsidy system, covering everything from energy and gas prices to food costs, to reduce spending as the OPEC country struggles with a sharp fall in oi...
Japan Stock Movements - November 2015
Japan Stock Movements - November 2015 Japan >> 11/27/2015 - In Japan, total commercial oil stocks rose by 1.6 mb in September for the third consecutive month to stand at 170.2 mb. At this level, Japanese commercial oil inventories stood 2.8 mb or 1.6% higher t...
China Stock Movements - November 2015
China Stock Movements - November 2015 China >> 11/26/2015 - The latest information for China showed a drop in total commercial oil inventories of 5.6 mb in September, following a 13.5 mb stock draw in August. At 401.8 mb, Chinese oil inventories were around 1....
Saudi Aramco to Invest More in Indonesia's Oil & Gas Sector
Indonesia >> 11/26/2015 - In the presence of Indonesian Vice President Muhammad Jusuf Kalla; Indonesia's state-owned PT Pertamina and Saudi Aramco, the state-owned oil company of Saudi Arabia, have signed a Heads of Agreement ...
Iran Can Attract $30b thru New Oil Contract Model
Iran >> 11/25/2015 - Iranian Minister of Petroleum Bijan Zangeneh said there is the prospect of entering oil investment deals to the tune of 30 billion dollars under the new contracts to be unveiled next week. ...
Indonesia's Pertamina Invests $2.14B in Upstream Assets in Jan-Oct 2015
Indonesia >> 11/24/2015 - Indonesia's state-owned energy company Pertamina invested $2.14 billion in upstream assets from January to October this year, its CEO Dwi Soetjipto said, with total capex reaching $2.89 billion as of ...
Algeria Sees Reserves Dropping Sharply In 2016
Algeria >> 11/22/2015 - Algeria's energy earnings are forecast to fall to $26.4 billion next year while foreign exchange reserves will dip to $121 billion after low oil prices cut into the OPEC nation's economy, Finance Mini...
Stock Movements - November 2015
Austria >> 11/16/2015 - OECD commercial oil stocks fell slightly in September to stand at 2,942 mb, around 210 mb higher than the latest five-year average. Crude and products indicated a surplus of around 170 mb and 40 mb,...
Sidi Kerir Petrochemicals 9 Month Net Profit Drops 8.4 Pct
Egypt >> 11/15/2015 - Egypt's Sidi Kerir Petrochemicals saw its 9-month net profit drop by 8.4 percent compared to the same period last year, the company said in a statement. ...
Dana Gas Plans More Cost Cuts Due to Low Oil Prices
Egypt >> 11/15/2015 - Dana Gas plans to cut costs in 2016 as the company gears up for a prolonged period of low crude prices, its chief executive said. ...
Eni Signs $2b Petroleum Exploration Deals in Egypt
Eni Signs $2b Petroleum Exploration Deals in Egypt Egypt >> 11/12/2015 - Eni signed with the Egyptian Government three amendments for the IEOC concessions of "Sinai 12 and Abu Madi", "North Port Said" and "Baltim", which is in partnership with BP, and signed one new Conces...

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