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ERHC Finance Plans Supported by Chrome Group Units
Kenya >> 10/2/2012 - Chrome Oil Services Ltd. and Chrome Energy LLC, subsidiaries of The Chrome Group, a leading West African oil and gas conglomerate, announced their support for ERHC Energy Inc.’s proposal for raising f...
Bank Mellat Offering South Pars Bonds
Iran >> 10/2/2012 - According to a report by public relations department of Bank Mellat, the bank will issue the bonds to provide money for development of South Pars gas field phase 11 to 24 as well as development of its...
$800m Petrochemicals Project in Sohar
Oman >> 10/2/2012 - Oman Oil Company, the wholly Omani government owned energy investment vehicle, has announced plans to invest around $800 million in the establishment of a major petrochemicals plant at Sohar Industria...
Egypt's Citadel Capital Eyes Uganda's Oil Refinery
Uganda >> 10/1/2012 - Egypt's Citadel Capital could be an investor in Uganda's proposed $2.5 billion oil refinery project, the Egyptian private equity firm's managing director said. Uganda, east Africa's third-largest econ...
Iraq Targets $6 Trillion in Oil Revenues by 2030
Iraq Targets $6 Trillion in Oil Revenues by 2030 Iraq >> 9/30/2012 - Iraq will invest around $500 billion in energy and linked industries with the help of the private sector by 2030, generating around $6 trillion in revenues, the Deputy Prime Minister for Energy said. ...
NIORDC Ready to Transfer Stakes at Persian Gulf Refinery
Iran >> 9/30/2012 - Managing director of National Iranian Oil Refining and Distribution Company (NIORDC) says Bank Mellat has expressed willingness to buy stakes at Persian Gulf Star oil refinery. ...
ECHEM Plans to Invest $6bn for PC Projects in Sokhna
ECHEM Plans to Invest $6bn for PC Projects in Sokhna Egypt >> 9/28/2012 - Sami Abdul-Hadi, the acting chairman of the Holding Company for Petrochemicals said that the Egyptian gas represents a national wealth that must be preserved and exploited in the development of petroc...
KFAED Offers USD 60.5 Loan to Egypt
KFAED Offers USD 60.5 Loan to Egypt Egypt >> 9/25/2012 - In the presence of Egypt's Prime Minister Hesham Qandil, the Kuwait Fund for Arab Economic Development ( KFAED ) signed on Tuesday a KD 17 million (USD 60.5 million) loan to Egypt for the second stage...
NIOOC to Sign $14 Billion Contracts
Iran >> 9/24/2012 - Managing director of National Iranian Offshore Oil Company (NIOOC) says the company is engaged in negotiations for signing several contracts worth 14 billion dollars. ...
MEED Oman Investment Forum to Spotlight $55bn Projects
Oman >> 9/19/2012 - MEED, the Middle East"s foremost Business-to-Business events company, with the support of Oman"s Public Authority for Investment Promotion and Export Development (PAIPED), is organising the upcoming O...
$26bn Investment in Oil Sector of Oman
Oman >> 9/16/2012 - Petroleum Development Oman (PDO), the country’s flagship oil and gas company, will invest around $26 billion in hydrocarbon exploration and production activities over the next five years. Raoul Restuc...
Iranian Petroleum Ministry Honoring Manufacturers
Iran >> 9/15/2012 - The final stages of National Festival of Shahid Tondgouyan is underway, a festival that is focused on self-sufficiency and promoting domestically manufacturing in oil industry. ...
Gazprom to Spend 43b RUB on Sakhalin Region Projects
Russia >> 9/13/2012 - The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company's Management Committee, and Alexander Khoroshavin, Governor of the Sakhalin Region and the Region Gover...
British Gas to Invest US$5 Billion in Egypt
British Gas to Invest US$5 Billion in Egypt Egypt >> 9/11/2012 - Petroleum Minister Osama Kamal on Tuesday said British Gas is injecting US$3 billion to US$5 billion into development projects in Egypt, in addition to its current investments that amount to US$10 bil...
Stock Movements - Sept 12
Austria >> 9/11/2012 - US
US total commercial oil stocks fell for the second consecutive month in August, declining by 13.6 mb to end the month at 1,091.8 mb. As a result, inventories stood at 12.4 mb or 1.1% be...
PDO Awards $350m Projects to Local Groups
Oman >> 9/9/2012 - Petroleum Development Oman (PDO) has awarded a series of significant contracts to Omani businesses as part of its drive to create and secure employment by increased procurement of local goods and serv...
Japan Stock Movements in July 2012
Japan Stock Movements in July 2012 Austria >> 9/6/2012 - In June, commercial oil stocks in Japan rose for the fourth consecutive month, by 0.5 mb to stand at 177.5 mb, the highest level since October. With this build, they switched the deficit with a year a...
BP Will Invest $11 Billion in Egypt
BP Will Invest $11 Billion in Egypt Egypt >> 9/4/2012 - President Mohamed Morsi met on Monday 3/9/2012 with British Petroleum (BP) Chief Executive Robert Dudley for talks on a project to produce natural gas through investments worth 11 billion dollars. ...
EuroMena II Invests $20m in Sakson Petroleum Group
Iraq >> 8/30/2012 - EuroMena II, one of the most active private equity funds in the Middle East, announced that it has invested $20m to increase the capital of Sakson Petroleum Services, a regional oil and gas drilling s...
Indonesia Encourages Oil and Gas Investment
Indonesia >> 8/29/2012 - Quest Petroleum NL is pleased to advise of further positive developments in the oil & gas sector in Indonesia. ...

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