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Iran Is Ready to Sign $44 Billion Oil Contracts
Iran >> 4/17/2012 - Islamic Republic of Iran is ready to sign $44 billion worth of contracts with foreign countries, Iran's first vice resident, Mohammad Reza Rahimi announced here in the inauguration ceremony of the Ira...
Iraq Seeks Refinery Investors; Demand Rising Fast
Iraq Seeks Refinery Investors; Demand Rising Fast Iraq >> 4/17/2012 - Iraq is looking to gradually privatise its oil refineries and to attract investment in new plants around the country, its deputy oil minister said, as the major crude exporter aims to curb reliance on...
44 Countries Taking Part in Tehran Oil Show
44 Countries Taking Part in Tehran Oil Show Iran >> 4/14/2012 - The press center of the Oil Show quoted the manager of the exhibition, Issaq Royvar, as saying 1255 companies have registered for taking part in the exhibition of which 940 companies are Iranians and ...
Total to Spend over $300 Million on Uganda Exploration
Uganda >> 4/13/2012 - French oil company Total plans to spend over $300 million in 2012 on exploration in Uganda where small-scale commercial oil production is expected to begin later this year. Total, China National Offsh...
Providence Receives Final Payment for Aje Field
Nigeria >> 4/12/2012 - Providence Resources P.l.c is pleased to confirm that it has received the final US$ 6 million tranche payment from Jacka Resources Limited ("Jacka"), an ASX-listed company, for the sale of its Nigeria...
Greece Oil Export from Iran Halt
Greece Oil Export from Iran Halt Iran >> 4/11/2012 - Rostam Ghasemi, Iranís Minister of Petroleum announced that export of Iranian crude to Greece has been halted for the time being. ...
$30 Billion to Be Invested in Iran Oil Industry This Year
Iran >> 4/4/2012 - At least 30 billion dollars will be invested in Iranís oil industry this year and lionís share of it will be allocated to South Pars gas field projects, Iranian minister of petroleum, Rostam Qasemi sa...
Russia's Energy Ministry Outlines Arctic Taxes
Russia's Energy Ministry Outlines Arctic Taxes Russia >> 4/4/2012 - Russia's Energy Ministry has outlined a new tax policy designed to attract tens of billions of dollars of investment into promising but challenging new oil provinces in Arctic offshore zones, governme...
Sorochinskneft to Invest 2.1B Rub in Exploration in 2012
Sorochinskneft to Invest 2.1B Rub in Exploration in 2012 Russia >> 4/3/2012 - NGDU Sorochinskneft (part of TNK-BP Group) will allocate 2.1 billion rubles to exploration in 2012. Sorochinskneft specialists will do seismic surveys at an area of 1,200 km2 and complete the construc...
NIOOC to Sign Contracts Worth $14 Billion
NIOOC to Sign Contracts Worth $14 Billion Iran >> 4/3/2012 - Managing director of the National Iranian Offshore Oil Company (NIOOC), Mahmoud Zirakchianzadeh says oil contracts worth 14 billion dollars are ready for signing which will be finalized after passing ...
China Rejects US Sanctions on Iran Oil Imports
China Rejects US Sanctions on Iran Oil Imports Iran >> 4/3/2012 - China rejected President Barack Obamas decision to move forward with plans for sanctions on countries buying oil from Iran, saying that Washington had no right to unilaterally punish other nations on ...
Oil Industry Has Left Behind Iran Sanctions
Iran >> 4/3/2012 - Citing to the remarks made by the Supreme Leader of the Islamic Revolution, Ayatollah Seyyed Ali Khamenei at the beginning day of the Iranian new year on 20th March 2012 who dubbed the new year as the...
Moscow Refinery Modernisation Program in 2012
Russia >> 4/2/2012 - Gazprom Neft has adopted a medium-term Moscow Oil Refinery investment program for the year 2012, according to which over 20 billion roubles will be spent. ...
FAR Ltd. Raises $15m to Fund East African Exploration
Kenya >> 3/29/2012 - FAR Ltd plans to raise $15.04 million, to fund offshore oil and gas exploration in East Africa off the Kenya coast. The funds will be raised through a placement of 280 million shares at 4.3 cents per...
New US$10 Million Debt Facility
Russia >> 3/27/2012 - Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to announce that it has signed a US$10 million multi-currency debt facility from ZAO...
TNK-BP to Invest $12 mln in VCNG Exploration in 2012
TNK-BP to Invest $12 mln in VCNG Exploration in 2012 Russia >> 3/22/2012 - TNK-BP reports Verkhnechonskneftegaz (VCNG) (a TNK-BP Group company) will allocate more than $12 mln for exploration in Verkhnechonskoe field in 2012 to add reserves. The work program includes drillin...
Oil Should Become A Source of Progress for Iran
Oil Should Become A Source of Progress for Iran Iran >> 3/13/2012 - Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has said that oil reserves should become a source of progress for Iran. ...
AfDB to Loan Kenya $263 Million for Roads and Energy
Kenya >> 3/12/2012 - The African Development Bank (AfDB) said it would loan Kenya 21.8 billion shillings ($263.44 million) to finance the construction of roads and energy projects in east Africa's biggest economy. The amo...
Gazprom Neft Approves Omsk Refinery Investment Program 2012
Russia >> 3/6/2012 - Omsk Refinery management approved mid-term 2012 investment program totaling 14.4 bln rubles. The key investment activities in 2012 include development of design and budget documentation for industrial...
India's Top Iranian Oil Buyer Plans to Cut Imports
Iran >> 3/5/2012 - India's largest Iranian oil buyer plans almost to halve daily imports, industry sources said on Monday, becoming the latest Asian refiner to cut supplies from Iran as Western sanctions make trade with...

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