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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 Jubail’s 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 $20 Billion in Growing LNG Market Netherlands/Holland >> 11/14/2012 - Royal Dutch Shell plc (Shell) hosted a management day with investors, focusing on global gas and Asia Pacific Upstream. ...
Daleel Petroleum Cuts Energy Costs
Oman >> 11/10/2012 - Gas flaring is a crucial topic of discussion for countries in the Middle East, however companies such as Daleel Petroleum Company in Oman have invested significantly to reduce the overall costs of fla...
Stock Movements - Nov 12
Austria >> 11/10/2012 - OECD
Preliminary data for September shows that total OECD commercial oil stocks remained almost unchanged following a 11.2 mb drop in August. Crude oil shows a build of 1.1 mb, while produ...
Gazprom & PGNIG Reach Agreement on Gas Price
Gazprom & PGNIG Reach Agreement on Gas Price Russia >> 11/6/2012 - Warsaw hosted a working meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Grazyna Piotrowska-Oliwa, President of the PGNiG Management Board. ...
Zhaikmunai Successfully Prices US$ 560 Million Bond Due 2019
Kazakhstan >> 11/5/2012 - Zhaikmunai L.P., the oil and gas exploration and production enterprise with assets in north-western Kazakhstan announces that its subsidiary Zhaikmunai International B.V. has successfully priced US$ 5...
KPC Allocates USD 100 Billion per Year for Oil Projects
Kuwait >> 11/5/2012 - Deputy Chairman and Chief Executive Officer of Kuwait Petroleum Corporation (KPC) Farouq Al-Zanki said the company earmarks USD 100 billion per year for oil projects. Al-Zanki said, in a press stateme...
KOC Plans to Invest up to KD 10 bln in 2013
Kuwait >> 11/5/2012 - Kuwait Oil Company (KOC) is planning for huge investments in energy and the infrastructure amounting to around KD 9 to 10 billion in 2013, KOC's Deputy Board Chairman and Deputy Managing Director Maze...
Transglobe Shares Rise on Report of Egypt Block Wins
Egypt >> 11/3/2012 - Shares of TransGlobe, which has oil interests in Egypt and Yemen, rose as much as 14 per cent to a six-month high of C$12.45 on Friday on the Toronto Stock Exchange. ...
Algeria to Offer Incentives to Energy Investors
Algeria to Offer Incentives to Energy Investors Algeria >> 11/2/2012 - Algeria plans to start linking taxes on foreign energy firms to profits instead of turnover, according to draft amendments to its hydrocarbons law aimed at making the sector more attractive to investo...
Early Tender Results on Purchase Zhaikmunai's Outstanding Senior Notes
Kazakhstan >> 11/2/2012 - On October 19, 2012, Zhaikmunai International B.V. (the “Offeror”), which is a subsidiary of Zhaikmunai L.P. the oil and gas exploration and production enterprise with assets in north-western Kazakhst...
Eni Consortium to Invest $18 Bln in Iraq's Zubair Field
Iraq >> 10/31/2012 - Italian oil and gas company Eni expects the consortium it leads to invest $18 billion in the Zubair oilfield in Iraq, the group's chief executive said. ...
Gazprom Approves Cost Reduction Program for 2012
Gazprom Approves Cost Reduction Program for 2012 Russia >> 10/30/2012 - The Gazprom Board of Directors approved the adjusted Investment Program, Budget (Financial Plan), and Cost Optimization (Reduction) Program for 2012. ...
Final Investment Decision on Chayandinskoye Adopted
Russia >> 10/30/2012 - Gazprom starts the second stage of the Eastern Gas Program – establishing a large gas production center in the Republic of Sakha (Yakutia). Gazprom's Management Committee adopted the final investment ...
80$ Bln Investment on South Pars Phases Developmental Plan
Iran >> 10/27/2012 - Mohsen khojaste Mehr, oil deputy minister, regarding the importance of the South Pars developmental plan and finalizing it, claimed that it is one of the fundamental priorities of the oil ministry and...

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