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PTTEP to Spend $1b for Mozambique Project in Next 5-6Y
Mozambique >> 9/15/2014 - Thailand's top oil and gas explorer, PTT Exploration an Production Pcl, said it planned to spend up to $1 billion for a Mozambique project over the next five to six years starting from 2015. ...
Kuwait's KNPC Names NBK Finance Advisor for $12 bln Refinery Upgrade
Kuwait >> 9/14/2014 - Kuwait National Petroleum Co (KNPC) has chosen National Bank of Kuwait's investment banking arm to advise it on financing options for its multi-billion-dollar Clean Fuels Project, the bank said. ...
SIBUR Wins the Downstream Company of the Year
Russia >> 9/11/2014 - SIBUR was named Downstream Company of the Year in the annual Petroleum Economist Awards (United Kingdom). ...
Sanctions No Obstacle to Iran-Russia Energy Ties
Iran >> 9/10/2014 - US and European sanctions against Russia will not affect Moscow’s energy cooperation with Tehran, Russian Minister of Energy Alexander Novak said. ...
Stock Movements - September 2014
Austria >> 9/10/2014 - OECD commercial oil stocks rose by around 20.0 mb to stand at 2,690 mb in July, but remained 37.0 mb below the five-year average. Crude indicated a surplus of 22.2 mb, while product stocks showed a ...
SOCAR’s Payments for August 2014
Azerbaijan >> 9/8/2014 - SOCAR paid AZN 149 million 138 thousand to the State Budget for August of the current year that is AZN 18 million 858 thousand (114,5 %) more than the payments for the same period of 2013. For January...
Russia's PM Signals $40bn State Help for Rosneft Possible
Russia >> 9/8/2014 - Russian Prime Minister Dmitry Medvedev said that the state oil champion Rosneft, in need of funds to service its huge debt, may receive 1.5 trillion roubles ($40.6 billion) from state coffers over tim...
IFC Signs MoU with VRA for Power Projects in Ghana
Ghana >> 9/8/2014 - IFC, a member of the World Bank Group has signed a Memorandum of Understanding with the Volta River Authority (VRA), Ghana’s national power generation utility, to support private sector investment in ...
Chile's Enap Plans to Invest $800 m per Year to 2020
Chile >> 9/4/2014 - The Board of the National Oil Company approved 2014-2025 Strategic Plan presented by Management company headed by Marcelo Tokman , General Manager of ENAP. It is a plan that defines a strategy of aggr...
$425m from IDB to Develop Oil Refinery in Assiut
Egypt >> 9/4/2014 - The Islamic Development Bank agreed to provide US$424.8 million to finance two projects in Egypt in the oil and aviation sectors. ...
Tullow Invests $6 Million in Global Scholarship Programme
United Kingdom >> 9/2/2014 - The Tullow Group Scholarship Scheme (TGSS), now in its fourth year, is sponsoring over 110 scholars in Oil & Gas related postgraduate degrees. Scholars will begin their studies this September at leadi...
Singapore and ARA Stock Movements - August 14
Singapore >> 8/31/2014 - At the end of June, product stocks in Singapore fell by 0.4 mb, reversing the build of last two months to stand at 46.4 mb. At this level, product stocks in Singapore represented a surplus of 8.4 mb, ...
Algeria Plans Investment to Reduce Reliance on Oil
Algeria >> 8/30/2014 - The Algerian government plans to spend $262 billion over the next five years in a bid to revive the country’s flailing economy and move away from its traditional focus of oil and gas. ...
Energean Purchases New Rig & Begins $225m Investment in Greece
Greece >> 8/27/2014 - Energean Oil & Gas, the international oil & gas exploration and production company focused on the Mediterranean and North Africa, launched a new $225 million investment programme to develop 30 million...
Algeria to Launch $262b Five-year Investment Plan
Algeria >> 8/27/2014 - Algeria will launch a new five-year investment plan worth $262 billion to boost domestic production and move its economy away from reliance on oil and gas, the government said. ...
UAE Provide Egypt Loan to Purchase Petroleum Products
Egypt >> 8/27/2014 - Tareq al-Mulla, executive chief of the Egyptian General Petroleum Corporation (EGPC), said the United Arab Emirates agreed to provide Egypt with a loan to meet the needs of petroleum products. ...
Ruspetro Announces Short-Term Financing
Russia >> 8/26/2014 - Ruspetro plc announce that Limolines Transport Limited has today extended a short-term unsecured loan of US$10 million to the Company at an annualised rate of 14 per cent for a term of six months (the...
Japan Stock Movements - August 14
Japan Stock Movements - August 14 Japan >> 8/24/2014 - In Japan, total commercial oil stocks rose by 3.4 mb in June for the third consecutive month to stand at 162.6 mb. Despite this build, Japanese oil inventories are 4.7 mb, or 2.8%, below a year ago an...
Finance Ministry Seeks US$10.4 Billion Loan from IMF
Egypt >> 8/17/2014 - An informed governmental source said Finance Minister Hani Qadri Demian will try to convince the Cabinet to resume negotiations with the International Monetary Fund starting next year in order to redu...
13 Foreign Firms Keen to Invest in Iran Gas
Iran >> 8/17/2014 - Thirteen foreign companies have announced their readiness to invest 15 billion dollars in Iran’s gas industry, a top official at the National Iranian Gas Company said. ...

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