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Lukoil Net Income Reached $3.8B in 1Q 2012
Lukoil Net Income Reached $3.8B in 1Q 2012 Russia >> 5/28/2012 - LUKOIL has published consolidated US GAAP financial statements for the first quarter of 2012. The Company’s net income was $3,789 million in the first quarter of 2012, which is 7.7% higher y-o-y. EBIT...
Kashagan Oilfield Firms to Pay $1 Bln State Investment
Kazakhstan >> 5/28/2012 - Kazakhstan's foreign partners in developing the Kashagan oilfield will pay almost $1 billion this year and next to cover the state's portion of investment in the world's biggest oil discovery in 40 ye...
Gazprom Neft Reports Unaudited 3m 2012 Results
Russia >> 5/22/2012 - Gazprom Neft has published its unaudited consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for the period ended 31 March 2012. ...
SK Energy to Stop Iran Oil Imports from July
SK Energy to Stop Iran Oil Imports from July Iran >> 5/21/2012 - South Korea's largest oil refiner SK Energy will stop Iranian crude imports after a European Union insurance ban takes effect on July 1, two sources said, effectively making it the first of Tehran's m...
Egypt's Maridive Says 2012 Q1 Net Loss $1.6 Million
Egypt >> 5/15/2012 - Egypt's Maridive and Oil Services, the biggest oil services company by fleet size in the Middle East, reported on Tuesday a net loss of $1.6 million for the first quarter of 2012. The firm has posted ...
Essar Energy Refinances US$450 Million Bridge Loan
India >> 5/15/2012 - Essar Energy plc, the India-focused integrated energy company, announced that it has refinanced a US$450 million bridge loan which was due December 2012 with a new US$300 million 3 year secured loan f...
TNK-BP to Invest Over 2B Rubles into Development of Varyoganneftegaz
TNK-BP to Invest Over 2B Rubles into Development of Varyoganneftegaz Russia >> 5/14/2012 - OJSC Varyoganneftegaz (a TNK-BP group company) will invest over 2 billion rubles in 2012 into field infrastructure projects in West Siberia. The company will build around 109 new and overhaul another ...
OMV Remains in Iran
OMV Remains in Iran Iran >> 5/8/2012 - Despite all pressures imposed by western countries on Iran, we have made up our minds to stay in Iran, announced the Representative of Austrias OMV. ...
Iran Signs €1.6b Oil Deal with Spanish Firm
Iran >> 5/5/2012 - Irans Society of Iranian Petroleum Industries Equipment Manufacturers (SIPIEM) signed the contract with the Spanish company, the Mehr News Agency reported. ...
Iranian Private Sector to Play a Role in Oil Exports
Iran >> 5/4/2012 - Head of the Exporters of Oil, Gas and Petrochemical Products’ Syndicate, Hasan Khosrojerdi, made the above remarks in a news conference on Sunday adding private sector will take part in crude oil expo...
NPC Introduces 60 Petrochemical Plans for Investment
NPC Introduces 60 Petrochemical Plans for Investment Iran >> 4/29/2012 - 60 petrochemical projects have been introduced to domestic banks as opportunities for investment, managing director of the National Petrochemical Company (NPC), Abdolhosain Bayat said.
Iran Extended China Oil Deals
Iran >> 4/25/2012 - Iran denied reports that China is buying less of its oil and said it extended contracts to export crude to the Asian country, Mehr reported, citing an Iranian Oil Ministry official. ...
SABIC & Exxon to Take Saudi Rubber Plant FID in July
SABIC & Exxon to Take Saudi Rubber Plant FID in July Saudi Arabia >> 4/25/2012 - Saudi Basic Industries Corp (SABIC) and Exxon Mobil plan to make a final investment decision on their multi-billion dollar synthetic rubber project in Saudi Arabia in July, SABIC's chief executive sai...
90% of Iran Crude Sales under Contracts
Iran >> 4/20/2012 - National Iranian Oil Company (NIOC) conducts 90 percent of its crude sales under long-term deals with a variety of countries, a senior NIOC official said. ...
NIOC Handles $130b Projects
Iran >> 4/20/2012 - National Iranian Oil Company is operating upwards of 130 billion dollars of projects, the company’s managing director said. ...
Pancontinental Invests $50m in African Exploration
Kenya >> 4/19/2012 - Pancontinental Oil & Gas NL is pleased to advise that it has resolved to raise up to $50 million to fund the ongoing exploration programmes over Kenyan Blocks L10A & L10B, further seismic work over Ke...
Japan's Showa Shell Renews Deal-Sources with Iran
Japan's Showa Shell Renews Deal-Sources with Iran Iran >> 4/18/2012 - Japan's top buyer of Iranian crude Showa Shell Sekiyu KK has renewed its annual oil purchase deal with Iran but cut the volume in line with other Japanese refiners to comply with U.S. sanctions, trade...
Tougher Sanctions on Iran to Sway Oil Market
Iran >> 4/18/2012 - “The crude prices jumped nearly 20 percent by imposing sanctions against our country and if the same trend goes on, the oil market would change drastically,” Qasemi said, underscoring Iran’s “influent...
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...

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