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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...
Kosmos Energy Announces 2012 Capital Program
Ghana >> 3/1/2012 - Kosmos Energy announced its 2012 organic capital program, which totals approximately $600 million. Exploration and appraisal activities represent approximately 55 percent of the amount, with developme...
Kazmunaigas Secures $4 Bln to Develop Kashagan Field
Kazakhstan >> 2/29/2012 - Kazakhstan on Wednesday approved a plan to lend state oil and gas company KazMunaiGas $4 billion from its windfall oil fund to help develop the massive Kashagan oilfield in the Caspian Sea. ...
Pakistan Willing to Take More Gas from Iran
Iran >> 2/29/2012 - Pakistan has demanded Iran to increase the volume of gas exports to the country to 30 million cubic meters per day, the National Iranian Gas Company (NIGC) managing director Javad Oji said. ...
Sonangol Pulls Out of Iran South Pars-12 Project
Iran >> 2/24/2012 - Angolan state oil company Sonangol has pulled out of a $7.5 billion natural gas project in Iran and informed the Iranian government it can no longer operate there because of sanctions, a senior compan...
Japan Offers $ 2 Billion Soft Loan for Iraq Refinery
Iraq >> 2/24/2012 - The Japanese government will provide a roughly JPY 160 billion (USD 2 billion) soft loan for a refinery project in Iraq on the condition that the core contract goes to a Japanese firm, a top-selling b...
BG to Invest $500 Million in Tanzania Gas Exploration
Tanzania >> 2/21/2012 - British gas and oil firm BG Group plans to step up its presence in gas exploration in east Africa's second-biggest economy by investing $500 million in Tanzania this year, the government said. The eas...
Iran Halts Oil Delivery to England and Frence
Iran >> 2/20/2012 - Petroleum ministry’s public relations department quoted the ministry’s spokesman as saying the ministry has decided to halt crude oil delivery to England and French oil companies. ...
TNK-BP to Invest $170m in New Technologies in Orenburg
Russia >> 2/14/2012 - OJSC Orenburgneft (a TNK-BP Group subsidiary) plans to invest $170 mln in a programme to deploy new technologies by 2016. The Company's focus areas include boosting reserves and optimizing field devel...
Lonrho Plans a Billion Investment in Ghana
Ghana >> 2/8/2012 - Lonrho Plc (LAF) will invest $1 billion to build ports that will service oil rigs in Ghana’s Western Region, a company official said. “We anticipate spending $10 million for feasibility studies for th...
Wentworth Sells Mtwara Power Plant for Upstream Funds
Tanzania >> 2/8/2012 - Wentworth is pleased to announce that its subsidiary, Wentworth Power Limited, has reached an agreement to sell its 100 percent owned 18MW gas-fired power plant and associated assets (located in Mtwar...
Japan's Jx & Cosmo to Cut Iran Crude Under US Sanctions
Japan >> 2/8/2012 - JX Nippon Oil & Energy Corp will cut crude oil imports from Iran by 10,000 barrels per day and Cosmo Oil has already reduced Iranian crude imports by around that amount, media and a source said, as Ja...
Kidnapped Chinese Workers Freed in Sudan Oil State
Sudan >> 2/7/2012 - Sudanese rebels released 29 Chinese workers, ten days after kidnapping them in the main oil-producing state of South Kordofan where the army has been fighting insurgents, Sudan's foreign ministry said...
Iran to Halt Europe Oil sells
Iran >> 2/6/2012 - Rostam Ghasemi, Iran’s minister of petroleum told media in a press conference that Iran will halt oil export to some European countries, and added: “we are not worry about selling our oil and a list o...
Exillon Energy Announces New Loan Facility
Russia >> 2/6/2012 - Exillon Energy plc, an independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora ("Exillon TP") and West Siberia ("Exillon WS"), is pleased to announce the signing...

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