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TNK-BP to Invest 4.4B Rubles in Orenburg Region
Russia >> 3/4/2013 - TNK-BP reports that in 2013 it will allocate 4.4 bn rubles to implement exploration programs in the Orenburg region. TNK-BP is implementing a large-scale program to stabilize production in brownfields...
New Investment in Khalda Oil Fields in Egypt
Egypt >> 3/3/2013 - Minister of Petroleum Osama Kamal said that the expansion in the new investments through foreign companies is not confined to the exploration and development of oil fields, but also to the use of mode...
Max Petroleum Accepted by Kazakhstan Stock Exchange
Max Petroleum Accepted by Kazakhstan Stock Exchange Kazakhstan >> 3/1/2013 - Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has been accepted by the Kazakhstan Stock Exchange (KASE) to register Max Pet...
Aladdin ME Raises $20m with Support from Crowe Clark
Turkey >> 3/1/2013 - Independent oil and gas company with Aladdin Middle East Ltd. has announced that it has raised US$20 million in new equity from 4D Global Energy Advisors SAS (4DGEA), a Paris-based private equity inve...
Lukoil to Spend $400 Million on Ivory Coast Exploration
Ivory Coast (Cote D'Ivoire) >> 2/26/2013 - Russia's second-largest oil producer, Lukoil, will spend about $400 million this year on exploration wells near the site of a recent oil find off Ivory Coast, the company and the country's oil ministe...
NIOC Discovers $400 Billion Hydrocarbon Resources
Iran >> 2/26/2013 - The value of the hydrocarbon reserves found during the first ten months of current Iranian calendar year, that ends 20 March 2013, are estimated at 400 billion dollars. ...
Election Worries Put New Kenya Oil & Gas Investment on Hold
Kenya >> 2/26/2013 - Potential investors in exploring Kenya for oil and gas are holding back to see the outcome of next week's presidential election, worried about the potential for instability and for policy changes unde...
IOOC Spends $3 Billion In NGL Projects
Iran >> 2/21/2013 - Speaking at a press conference, Mahmoud zirakchianzadeh said: the first NGL project of the company with the aim of gathering associated gases was launched last week with the capacity of 143 million cu...
Total and Wintershall to invest $2.1 bln in Argentina
Argentina >> 2/21/2013 - Germany's Wintershall and the local unit of France's Total plan to invest $2.1 billion over the next five years in Argentina to increase natural gas production, the Argentine government said. ...
Reliance and BP to Invest $5 Bln in India
Reliance and BP to Invest $5 Bln in India India >> 2/19/2013 - Bob Dudley, BP Group Chief Executive and Mukesh Ambani, Chairman and Managing Director of Reliance industries Limited (HIL) met with the Indian Minister of Petroleum and Natural Gas, Dr Veerappa Moily...
Egypt Signed Debt Deals With Petronas, BG Group
Egypt >> 2/19/2013 - The Egyptian government has signed agreements with Malaysia's Petronas and Britain's BG Group to reschedule debt owed by Cairo, the minister of petroleum, Osama Kamal, told reporters on Tuesday. He di...
Egyptian Minister Plans New Oil-Contracting Company
Egyptian Minister Plans New Oil-Contracting Company Egypt >> 2/19/2013 - Petroleum Minister Osama Kamal said a study is underway to set up a holding company for oil contracting to get the oil-related activities under one independent body that would draw Arab and African in...
TNK-BP is 1st in Russia to Get FTS Investment Tax Credit
Russia >> 2/15/2013 - TNK-BP reports that it has become the first Russian company to sign an agreement with the Federal Tax Service (FTS) on an investment tax credit for implementing energy efficiency improvement projects ...
TNK-BP & Krasnoyarsk Krai Sign Cooperation Agreement
Russia >> 2/15/2013 - TNK-BP and the Government of Krasnoyarsk Krai within the framework of the 10th Krasnoyarsk Economic Forum have entered into a supplementary agreement on social and economic cooperation. TNK-BP's total...
ICOFC to Issue Oil Bond for New Fields
Iran >> 2/14/2013 - Iranian Central Oil Fields Company will issue 5000 billion rial bond, interest of which will be spent on company’s development projects. The bond will be offered by Bank Mellat. ...
Total to Raise Exploration Budget & Sell more Assets
Ivory Coast (Cote D'Ivoire) >> 2/13/2013 - Total plans to raise its exploration budget in 2013 under an investment policy that takes advantage of high oil prices and financing from large-scale asset sales. The world's fifth largest oil company...
Russia Plans $25-$30 Bln Oil-For-Loans Deal With China
Russia >> 2/13/2013 - Rosneft is seeking to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Eu...
Dana Gas to Increase Investments in Egypt
Dana Gas to Increase Investments in Egypt Egypt >> 2/12/2013 - The Dana Gas Company, the Middle East's largest private sector natural gas company, is mulling increasing its petroleum and natural gas investments in Egypt, now estimated at $1.8 billion, within the ...
Stock Movements - Feb 13
Austria >> 2/12/2013 - OECD
Preliminary data for December shows that total OECD commercial oil stocks fell seasonally by 44.1 mb to stand at 2,649 mb. Despite the fall in total stocks, inventories showed a ...
Sipchem Signs a Refinancing Agreement for 1.035B SAR
Saudi Arabia >> 2/11/2013 - Saudi International Petrochemical Company (Sipchem) announced that its affiliates, International Acetyl Company (IAC), 76% owned by Sipchem, International Vinyl Acetate Company (IVC), 76% owned by Sip...

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