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SEPC Signs a Murabaha Refinancing Facility Agreement
Saudi Arabia >> 12/30/2012 - SAHARA Petrochemicals Company announces that its affiliate, Saudi Ethylene & Polyethylene Company (SEPC), of which 24.41% is owned by SAHARA, has completed the signing of a long-term Murabaha Refinanc...
Morocco Refiner Samir Gets $200 mln Loan from Glencore
Morocco >> 12/25/2012 - SAMIR has successfully completed the implementation of a financing International $ 200 million U.S. Dollars, payable on a period of 24 months with favorable terms. This funding has been concluded with...
Iran & Turkmenistan Reach Agreement on Gas Cooperation
Iran >> 12/22/2012 - Islamic Republic of Iran and Turkmenistan have reached agreement on boosting cooperation in oil and gas sector. ...
Aramco & Total to Double SATORP Capital to $1.9 bln
Aramco & Total to Double SATORP Capital to $1.9 bln Saudi Arabia >> 12/18/2012 - Saudi Aramco and France's Total will double the capital of its oil refinery joint venture at Jubail to 7.12 billion riyals ($1.90 billion) as part of the planned financing for the project, it said. ...
Eni to Invest $8 Billion to Boost Libya Production
Eni to Invest $8 Billion to Boost Libya Production Libya >> 12/16/2012 - Libyan Prime Minister Ali Zidan, the Libyan Minister of Petroleum Abdelbari al Arusi, and Eniís CEO Paolo Scaroni, met in Tripoli to discuss Eni's activities and future projects in the country. ...
Stock Movements - Dec 12
Austria >> 12/12/2012 - OECD
Preliminary data for October shows that total OECD commercial oil stocks fell by 12.3 mb to stand at 2,721 mb, after rising by more than 15 mb in September. The total stock-draw came ...
PTTEP to Invest $1.3 Billion for Cove Energy over 5 Years
Mozambique >> 12/11/2012 - PTT Exploration and Production Pcl , Thailand's top oil and gas explorer, aims to invest $1.3 billion for the operations of British-based Cove Energy Plc in the next five years after raising $3 billio...
New Investments to Upgrade Balaeem Oil Fields in Egypt
Egypt >> 12/2/2012 - Minister of Petroleum Osama Kamel unveiled new investments and more economic cooperation between foreign partners and major Egyptian companies, citing agreements signed for upgrading oil fields and we...
Investments Between the Egyptian Minister and Edison
Egypt >> 11/30/2012 - Petroleum Minister Osama Kamal discussed Thursday 29/11/2012 with chief executive officer of the Italian "Edison" Company Bruno Lescoeu investment opportunities in the oil field and means of boosting ...
Total to Open Four New Petrol Stations in Egypt
Egypt >> 11/29/2012 - Total Corporation will open four new petrol stations in Egypt to fulfill local needs, the state-run daily newspaper Al-Ahram reported on Thursday; to be completed by next year, the project should inje...
Trends in Selected Commodity Markets - October 2012
Trends in Selected Commodity Markets - October 2012 Austria >> 11/27/2012 - In October, energy and non-energy prices fell by 2.4% and 1.6% month-on-month (m-o-m) respectively. Food prices dropped by 4.0%, base metals fell by 1.3% and gold prices remained the same at $1,746.6/...
Yemen Welcomes Kuwaiti Oil, Gas Investments
Yemen >> 11/27/2012 - Yemeni Oil and Minerals Minister Ahmad Abdallah Daris said that his government welcomed Kuwaiti oil and gas investments in the country, including its minerals resources. The remarks by the minister ca...
SABIC's Symposium on Investment in Rubber Industry
Saudi Arabia >> 11/25/2012 - The Saudi Basic Industries Corporation (SABIC) and its joint venture partner ExxonMobil hosted a symposium promoting rubber industry downstream development at SABIC headquarters in Riyadh on November ...
Fastnet Oil & Gas Raise £15 mln for Morocco Drilling
Morocco >> 11/22/2012 - Fastnet Oil & Gas has raised £15 mln through a share placing to fund a drill programme in Morocco. It is issuing 68 mln new shares to new and existing investors at 22p each. ...
CBI Allocates $10 Billion to Iran Upstream Projects
Iran >> 11/20/2012 - Deputy minister of petroleum for planning and supervision on hydrocarbon resources reported of introducing 10 upstream projects to Central Bank of Iran (CBI) to use a line of credit opened under the b...
Vopak & Sabic to Invest in New Jubailís Storage Terminal
Saudi Arabia >> 11/14/2012 - Vopak and Sabic have decided to jointly invest in a new terminal in King Fahd Industrial Port at Jubail, Saudi Arabia, to serve the expansion of the petrochemical and downstream industries; the initia...
Shell to Invest $20 Billion in Growing LNG Market
Shell to Invest $20 Billion in Growing LNG Market Netherlands/Holland >> 11/14/2012 - Royal Dutch Shell plc (Shell) hosted a management day with investors, focusing on global gas and Asia Pacific Upstream. ...
Daleel Petroleum Cuts Energy Costs
Oman >> 11/10/2012 - Gas flaring is a crucial topic of discussion for countries in the Middle East, however companies such as Daleel Petroleum Company in Oman have invested significantly to reduce the overall costs of fla...
Stock Movements - Nov 12
Austria >> 11/10/2012 - OECD
Preliminary data for September shows that total OECD commercial oil stocks remained almost unchanged following a 11.2 mb drop in August. Crude oil shows a build of 1.1 mb, while produ...
Gazprom & PGNIG Reach Agreement on Gas Price
Gazprom & PGNIG Reach Agreement on Gas Price Russia >> 11/6/2012 - Warsaw hosted a working meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Grazyna Piotrowska-Oliwa, President of the PGNiG Management Board. ...

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