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Chevron Sees Second Quarter Profit Increase
United States >> 7/11/2012 - Chevron Corp, the second-largest U.S. oil company, said second-quarter profit would be higher than the previous quarter as improved refining margins offset lower oil prices. Analysts had been expectin...
NDF to Allocate $5 Billion to South Pars Phases 20-24
Iran >> 7/10/2012 - Iranian minister of petroleum, Rostam Qasemi, says 5 billion dollars of National Development Fund (NDF) resources will be allocated to speed up development of South Pars gas field’s phases 20-24. ...
Chinese Company to Invest 20 Mln$ in Iran Oil Sector
Iran >> 7/8/2012 - Iranian minister of petroleum, Rostam Qasemi, says China will invest 20 billion dollars in development of Azadegan and Yadavaran oil fields. ...
5.000 Bln Rial of Iran South Pars Bonds Sold
Iran >> 7/4/2012 - 5.000 billion rial denominated bonds of development South Pars gas field were sold in five working days. ...
Turkey Calls on Rising Gas Imports from Iran
Iran >> 7/4/2012 - Turkish gas company, BOTAS, has demanded Iran to raise the volume of gas delivery to the company to 30 million cubic meters per day. ...
PDVSA to Invest over VEB 2 Bln Santa Ines Industrial Project
Venezuela >> 7/3/2012 - Petroleos de Venezuela (PDVSA) will invest VEB 2 billion ($ 465.1 million) in the construction of a housing complex in Santa Ines agro-industrial complex (COMINSI), in which the Santa Ines Battle Refi...
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. ...

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