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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. ...
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...
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. ...
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...
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 ...
Interoil Terminates Divestment Process of Colombia
Colombia >> 2/11/2013 - In Q4 IOX recorded sales of USD 26.8 million, EBITDA of USD 9.8 million and a loss before tax of USD 49.3 million. ...
First Payments Under the $40 Mln Equity Investment
First Payments Under the $40 Mln Equity Investment Kazakhstan >> 2/11/2013 - Further to the announcement on 15 January 2013, concerning the agreement in relation to the equity investment of $40 million, Roxi is pleased to announce that the first $10 million payable under the s...
Halliburton Pays $219m in Barracuda & Caratinga
Brazil >> 2/11/2013 - A seven-year dispute between U.S. engineering company KBR Inc and a Brazilian client over an oil project off the coast of the country settled last month with a $219 million payment by Halliburton Co, ...
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...
AzMeCo to Invest in Libyan Oil & Gas Sector
Libya >> 2/9/2013 - Azerbaijan Methanol Company (AzMeCo) has revealed plans to invest in the construction and development of petrochemical and oil refinery plants in Libya. ...
Argentina's YPF CEO Meets with UAE Oil Companies
Argentina's YPF CEO Meets with UAE Oil Companies United States >> 2/6/2013 - The head of Argentina's state-run oil company, YPF met with oil companies and investors in the United Arab Emirates to discuss partnering to produce oil and gas in the South American nation. ...

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