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PA Resources Secures Funding for 2015
Sweden >> 6/22/2015 - PA Resources has reached an agreement with its major creditors to provide the company with funding until the end of 2015 in the form of a USD 7.5 million short-term credit facility. An initial USD 2.5...
Tullow Settles Capital Gains Tax Dispute in Uganda
Uganda >> 6/22/2015 - Tullow Oil plc (Tullow) announces that it has settled its Capital Gains Tax (CGT) dispute with the Government of Uganda and the Uganda Revenue Authority (URA) with regard to its farm-downs to CNOOC an...
Estimate for 2014 Balance of Supply & Demand - June 2015
Estimate for 2014 Balance of Supply & Demand - June 2015 Austria >> 6/21/2015 - Demand for OPEC crude for 2014 remained unchanged from the previous report to stand at 29.0 mb/d, representing a decrease of around 1.4 mb/d from the year-ago level. All the quarters remained unchange...
Harvest Proceeds $32.2m o Maximize Long-Term Value of Venezuelan Operations
Venezuela >> 6/19/2015 - Harvest Natural Resources, Inc announced that CT Energy Holding SRL, a Venezuelan-Italian consortium, has agreed to purchase from Harvest senior secured notes, convertible notes and warrants. Harvest ...
Gazprom & UniCredit Bank Austria Sign Agreement Worth EUR 300 million
Russia >> 6/19/2015 - Gazprom and UniCredit Bank Austria signed a EUR 300 million credit agreement for a four-year term. The document was inked today within the St. Petersburg International Economic Forum 2015. ...
Gazprombank Provided Investment Loan As a Project Financing to SOCAR Polymer
Azerbaijan >> 6/19/2015 - Gazpombank’s CEO Andrey Akimov and SOCAR’s President Rovnag Abdullayev signed agreement on providing project finance loan to finance the construction of PP (polypropylene) and HDPE (High Density Polye...
API Ohio Statement Regarding Severance Tax & Biennial Budget
United States >> 6/16/2015 - API Ohio Executive Director Chris Zeigler issued the following statement regarding the General Assembly’s decision to address long-term economic energy policy outside of the confines of the biennial b...
Forecast for 2015 Balance of Supply & Demand - June 2015
Forecast for 2015 Balance of Supply & Demand - June 2015 Austria >> 6/16/2015 - Demand for OPEC crude for 2015 also remained unchanged from the previous month averaging 29.3 mb/d, representing an increase of 0.3 mb/d from the estimated level in the previous year. The first quarte...
Mart Resources and Midwestern Oil & Gas Amend Agreement
Canada >> 6/15/2015 - Mart Resources, Inc. (Mart) announces that further to its press release of May 15, 2015, at the request of Midwestern Oil & Gas Company Ltd. (Midwestern), Midwestern and Mart have jointly agreed, purs...
Iran Oil Revenues Cut to $24b
Iran >> 6/14/2015 - The spokesman for the Iranian government has said that the country’s revenue from selling oil has sharply fallen to $24 billion. ...
Brazil Targets Minimum 1 bln Reais for October Oil Blocks Auction
Brazil >> 6/12/2015 - Brazil's oil and gas auction in October will look to sell 266 exploration blocks with a combined minimum value of 978.77 million reais ($313.7 million). ...
Roxi Provides an Update on the Sale of Galaz
Kazakhstan >> 6/12/2015 - Further to the announcement of 1 June 2015 extending the completion date of the sale of the Company's equity and debt interests in the Galaz Contract Area to a consortium led by Xinjiang Zhundong Petr...
Oil Market Highlights - June 2015
Austria >> 6/11/2015 - Crude Oil Price Movements
Amid a continuation of the previous month’s bullish factors, the OPEC Reference Basket moved up again in May to a new high for the year. The Basket averaged $6...
Oil Market Developments in 2015
Austria >> 6/11/2015 - Crude oil prices have started to recover from the low levels witnessed at the beginning of the year. In May, the OPEC Reference Basket averaged more than $62/b, representing a new high for the year an...
Balance of Supply and Demand - June 15
Austria >> 6/10/2015 - Demand for OPEC crude in 2014 remained unchanged from the previous report to stand at 29.0 mb/d, which is 1.4 mb/d lower than the previous year’s level. In 2015, the demand for OPEC crude also remai...
SATORP Secures 2 Billion Saudi Riyal Loan
Saudi Arabia >> 6/10/2015 - Saudi Aramco Total Refining and Petrochemical Company (SATORP) said on Wednesday it had obtained a 2 billion riyal ($533.33 million)loan from the state-affiliated Saudi Industrial Development Fund. ...
IFC & Quantum Oil Terminal to Increase Petroleum Storage Capacity in Ghana
Ghana >> 6/9/2015 - IFC, a member of the World Bank Group, signed an $8 million loan agreement with Quantum Oil Terminal Limited, a leading player in the oil and gas sector in Ghana. ...
IMF Reaches Agreement on $833m Loan to Iraq
Iraq >> 6/5/2015 - An International Monetary Fund (IMF) mission led by Carlo Sdralevich visited Amman from May 27 – June 4, 2015 to discuss with the Iraqi authorities financial assistance to Iraq under the Rapid Financi...
Indonesia Hopes to Rejoin OPEC by Year-End
Indonesia >> 6/4/2015 - Indonesia hopes to rejoin OPEC by the oil producer group's next meeting in around six months' time, Energy Minister Sudirman Said said. ...
Aminex Sees Loan Facility Extended While it Awaits Tanzanian GSA
Tanzania >> 6/4/2015 - Aminex PLC (Aminex), an oil and gas company listed on the London and Irish Stock Exchanges is pleased to announce a six month extension to the repayment date of its corporate loan facility. ...

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