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Iran Plans to Invest $50 Billion in Joint Oil Fields
Iran >> 7/2/2012 - The Iranian Oil Ministry plans to invest 50 billion dollars for developing joint oil fields in the current Iranian calendar year which started on March 20, Oil Minister Rostam Qasemi announced. ...
Egypt Signs $1 Billion Finance for Food, Energy
Egypt >> 7/1/2012 - The Egyptian government signed an agreement on Sunday with the Saudi-based Islamic Development Bank (IDB) that will provide $1 billion to finance energy and food imports, the government said in a stat...
Tethys Petroleum Loan Facility Agreed
Tethys Petroleum Loan Facility Agreed Kazakhstan >> 6/29/2012 - Tethys Petroleum Limited announced that its Kazakh subsidiary had reached agreement on a USD 16.5 million loan facility. ...
CNPC & CCB Bank Ink Strategic Cooperation Agreement
China >> 6/27/2012 - CNPC and China Construction Bank Corporation (CCB) inked a strategic cooperation agreement in Beijing. CNPC and CCB have wide and close cooperation in the fields of fund settlement, deposits and loans...
S.Korea to Halt Iran Oil Imports as EU Ban Bites
S.Korea to Halt Iran Oil Imports as EU Ban Bites Iran >> 6/25/2012 - South Korea became the first major Asian consumer of Iranian crude to announce a halt to imports after the government said they would be suspended from July 1 due to a European Union ban on insuring t...
Iranian Companies Successfully Replace International in South Pars
Iran >> 6/24/2012 - Iranian companies have successfully implemented the South Pars gas field’s development plan, as they were substituted for big international firms, such as Total and Eni, which were fired due to their ...
Rosneft & VTB Bank Sign Strategic Partnership Agreement
Rosneft & VTB Bank Sign Strategic Partnership Agreement Russia >> 6/21/2012 - Rosneft and VTB Bank have today concluded a strategic partnership agreement. The document was signed by Igor Sechin, Rosneft President and Chairman of the Management Board and VTB Bank Chairman and CE...
Qasemi: Sanctions Turned Iran into an Oil Products Exporter
Qasemi: Sanctions Turned Iran into an Oil Products Exporter Iran >> 6/19/2012 - While in last year Islamic Republic of Iran was an importer of gasoline and gasoil, now it exports the products which mean sanctions have been an opportunity for further development of Iranian oil ind...
Russia Oil Firms Face Heavy Fines for Gas Flaring
Russia Oil Firms Face Heavy Fines for Gas Flaring Russia >> 6/16/2012 - Russian oil companies are facing fines of hundreds of millions of dollars or more for polluting the atmosphere with excess amounts of flared gas, the newly appointed resources minister said on Saturda...
Gazprom’s Domestic Gas Sales Grow 17.6 % in 2011
Gazprom’s Domestic Gas Sales Grow 17.6 % in 2011 Russia >> 6/15/2012 - The Gazprom headquarters hosted today the Press Conference entitled “Gas Supply to Domestic Market. Executing Russian Regions Gasification Program” on the threshold of the annual General Shareholders ...
U.S. Exempts 7 Countries from Iran Oil Sanctions
Iran >> 6/12/2012 - The U.S. added seven economies to the list of nations qualifying for an exemption from financial sanctions on Iranian oil imports, penalties intended to pressure Iran’s leaders to abandon any nuclear ...
Singapore Leans on Oil Firms to Stop Iran Trade
Singapore Leans on Oil Firms to Stop Iran Trade Iran >> 6/12/2012 - Singapore is putting pressure on oil companies operating in the city-state to cut their dealings with Iran as it seeks to be exempted from U.S. sanctions on Iran's oil trade, sources said. ...
Iran Invites Foreign Firms to Invest in Gas Industry
Iran Invites Foreign Firms to Invest in Gas Industry Iran >> 6/10/2012 - Iran is ready to receive new offers from interested companies and investors to create a safe atmosphere of their cooperation, deputy managing director of the National Iranian Gas Company (NIGC), Mosta...
U.S. Soon to Grant More Waivers to Iran Sanctions
Iran >> 6/7/2012 - The United States will "very soon" announce a new list of countries that will receive waivers to financial sanctions on oil trade with Iran, a U.S. official said. ...
Pertamina Sign Mou between Algerian NOC, Sonatrach
Pertamina Sign Mou between Algerian NOC, Sonatrach Algeria >> 6/6/2012 - PERTAMINA and the Algerian National Oil Company SONATRACH have proceeded to a signature of a Memorandum of Understanding during the 25th World Gas Conference at Kuala Lumpur in the presence of Mr. You...
Pakistan Committed to All Iran Projects
Pakistan Committed to All Iran Projects Iran >> 6/6/2012 - Pakistani President Asif Ali Zardari stressed that his country is committed to the implementation of the Pakistani joint projects with Iran, including the Iran-Pakistan gas pipeline. ...
Turkey Steeply Cuts Iran Crude Imports
Turkey Steeply Cuts Iran Crude Imports Iran >> 6/5/2012 - Turkey has steeply cut oil imports from Iran in May and June, a source at the country's sole refiner told Reuters, to avoid U.S. sanctions after official trade data showed stubbornly high imports in A...
40 Million Rubles for Social Investments in Irkutsk
40 Million Rubles for Social Investments in Irkutsk Russia >> 6/1/2012 - OJSC Verkhnechonskneftegaz (VCNG), subsidiary of TNK-BP, is going to spend 40 million rubles in 2012 for social investments in the Irkutsk Region. ...
Eni Suspends Iran's Debt Payments in Oil
Eni Suspends Iran's Debt Payments in Oil Iran >> 5/31/2012 - Italy's Eni, which has been receiving payments in oil from Iran for debts, is reworking the deal and is unlikely to import crude in July after European Union sanctions on Tehran take effect, market so...
Bashneft’s Net Income in Q1 2012 Amounts to US$ 444m
Bashneft’s Net Income in Q1 2012 Amounts to US$ 444m Russia >> 5/29/2012 - Bashneft Group, including JSOC Bashneft and its subsidiaries and affiliates, has announced its preliminary unaudited consolidated financial results for Q1, 2012 prepared in accordance with Internation...

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