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OPEC Reference Basket in April 2013
OPEC Reference Basket in April 2013 Austria >> 5/23/2013 - The OPEC Reference Basket (ORB) dipped by more than 5% for the second month in a row in April. However, it continued to average above $100/b, supported by the lesser decline in Oman/Dubai-related crud...
Iran Invests $16 bln in South Pars Gas Field
Iran >> 5/19/2013 - An Iranian oil company official has stated that 16 billion dollars is due to be invested for the development of South Pars gas field within next ten months, as far as projections are concerned. ...
Clontarf Concludes Agreement on its Peruvian Blocks
Peru >> 5/15/2013 - Clontarf Energy plc announces that it has concluded an agreement on its Peruvian oil and gas exploration Blocks. ...
Iran allocates $450m for oil, gas exploration projects
Iran >> 5/15/2013 - Iran has allocated 5.5 trillion rials (about $450 million) to oil and gas exploration projects in the current Iranian calendar year, which started on March 21, Hormoz Qalavand the head of exploration ...
Stock Movements - May 13
Austria >> 5/12/2013 - OECD
Preliminary data for March shows that total OECD commercial oil stocks fell by 4.2 mb following the sharp decline in the previous month to stand at 2,660 mb. At this level, inventor...
Tullow CEO Sees Uganda Oil Plan MOU Agreed in Next Weeks
Ghana >> 5/8/2013 - U.K.-listed oil explorer Tullow Oil PLC is weeks away from an agreement with the Ugandan government on the final outline of a plan paving the way for investments of some $12 billion to develop the cou...
Iran Allocating 14.5% of Oil Revenues to Oil Industry Satisfactory
Iran >> 5/5/2013 - Iranian Minister of Petroleum expressed satisfaction with a decision by a Parliament’s commission on allocating 14.5 percent of oil revenues to development of oil industry. ...
NIOC Attracts $25 B in Upstream Sector
Iran >> 4/28/2013 - During the last Iranian calendar year to March 2013, 25 billion dollars were invested in upstream sector, which is a record. ...
Promotion of SOCAR Investment Projects in Turkey
Turkey >> 4/24/2013 - SOCAR realizes large-scale strategic projects of regional and global importance within the country and abroad. An important part of the investment projects is implemented in Turkey. ...
Gazprom Neft Signed a USD 1 Billion Loan Agreement
Russia >> 4/22/2013 - Gazprom Neft signed a USD 1 billion term and revolving loan agreement with a group of banks. ...
International Petroleum Update Loan Facility
Australia >> 4/19/2013 - Further to the announcement made on 5 April 2013, International Petroleum Limited (International Petroleum or the Company), advises its shareholders that it has not yet received the US$15million loan ...
OPEC Reference Basket in March 2013
OPEC Reference Basket in March 2013 Austria >> 4/16/2013 - The OPEC Reference Basket retreated by more than 5% in March to average $106.44/b. The decline was the largest since the 14% drop in June last year. The Basket’s value reflected bearish market sentime...
Khatibi Describes Iran’s Oil Exhibition as Unique in the Region
Iran >> 4/15/2013 - Iran's representative to the Organization of Petroleum Exporting Countries (OPEC) and the director for international affairs at the National Iranian Oil Company (NIOC) Seyyed Mohammad Ali Khatibi desc...
Stock Movements - Apr 13
Austria >> 4/12/2013 - OECD
Preliminary data for February shows that total OECD commercial oil stocks reversed the build of the previous month and fell seasonally 33.9 mb to 2,655 mb. Despite this drop, invent...
Petrobras to Borrow $20 Bln in 2013
Brazil >> 4/10/2013 - Brazil's state-run oil company Petrobras said that it would borrow $20 billion in 2013, 63 percent above its planned five-year average, as stagnant revenue and fuel subsidies increase the need for deb...
International Petroleum Secured US$15mln Loan Facility
Australia >> 4/5/2013 - International Petroleum Limited (or the Company), an oil and gas exploration and production company with assets in Russia and Kazakhstan, advises its shareholders that it has secured a US$15million lo...
Roxi Announce $2.5 Mln Under The $40 Mln Investment
Roxi Announce $2.5 Mln Under The $40 Mln Investment Kazakhstan >> 4/4/2013 - Roxi is pleased to announce that a further $2.5 million has been called and received under the previously announced $40 million equity commitment with Mr. Satylganov, a Director of the Company. ...
Uganda Investment in Oil Exploration Hits $1.7 Billion
Uganda >> 3/25/2013 - Investment in oil exploration activities in Uganda's Lake Albertine Rift basin has reached at least $1.7 billion as oil companies continue efforts to determine the exact size of the East African natio...
Exxon to Invest More in Iraq's West Qurna 1
Exxon to Invest More in Iraq's West Qurna 1 Iraq >> 3/25/2013 - Exxon Mobil has allocated $1.65 billion to develop Iraq's West Qurna 1 oilfield in 2013, up from $1.6 billion last year, the head of the joint management committee for the field said. ...
Aramco & Dow Venture Begins Bond Sale for Complex
Saudi Arabia >> 3/17/2013 - Sadara Chemical Co., a joint venture of Saudi Arabian Oil Co. and Dow Chemical Co. (DOW), started selling an Islamic bond that may raise at least $1.4 billion to fund construction of a chemicals compl...

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