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KFAED Offers USD 60.5 Loan to Egypt
KFAED Offers USD 60.5 Loan to Egypt Egypt >> 9/25/2012 - In the presence of Egypt's Prime Minister Hesham Qandil, the Kuwait Fund for Arab Economic Development ( KFAED ) signed on Tuesday a KD 17 million (USD 60.5 million) loan to Egypt for the second stage...
NIOOC to Sign $14 Billion Contracts
Iran >> 9/24/2012 - Managing director of National Iranian Offshore Oil Company (NIOOC) says the company is engaged in negotiations for signing several contracts worth 14 billion dollars. ...
MEED Oman Investment Forum to Spotlight $55bn Projects
Oman >> 9/19/2012 - MEED, the Middle East"s foremost Business-to-Business events company, with the support of Oman"s Public Authority for Investment Promotion and Export Development (PAIPED), is organising the upcoming O...
$26bn Investment in Oil Sector of Oman
Oman >> 9/16/2012 - Petroleum Development Oman (PDO), the country’s flagship oil and gas company, will invest around $26 billion in hydrocarbon exploration and production activities over the next five years. Raoul Restuc...
Iranian Petroleum Ministry Honoring Manufacturers
Iran >> 9/15/2012 - The final stages of National Festival of Shahid Tondgouyan is underway, a festival that is focused on self-sufficiency and promoting domestically manufacturing in oil industry. ...
Gazprom to Spend 43b RUB on Sakhalin Region Projects
Russia >> 9/13/2012 - The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company's Management Committee, and Alexander Khoroshavin, Governor of the Sakhalin Region and the Region Gover...
British Gas to Invest US$5 Billion in Egypt
British Gas to Invest US$5 Billion in Egypt Egypt >> 9/11/2012 - Petroleum Minister Osama Kamal on Tuesday said British Gas is injecting US$3 billion to US$5 billion into development projects in Egypt, in addition to its current investments that amount to US$10 bil...
Stock Movements - Sept 12
Austria >> 9/11/2012 - US
US total commercial oil stocks fell for the second consecutive month in August, declining by 13.6 mb to end the month at 1,091.8 mb. As a result, inventories stood at 12.4 mb or 1.1% be...
PDO Awards $350m Projects to Local Groups
Oman >> 9/9/2012 - Petroleum Development Oman (PDO) has awarded a series of significant contracts to Omani businesses as part of its drive to create and secure employment by increased procurement of local goods and serv...
Japan Stock Movements in July 2012
Japan Stock Movements in July 2012 Austria >> 9/6/2012 - In June, commercial oil stocks in Japan rose for the fourth consecutive month, by 0.5 mb to stand at 177.5 mb, the highest level since October. With this build, they switched the deficit with a year a...
BP Will Invest $11 Billion in Egypt
BP Will Invest $11 Billion in Egypt Egypt >> 9/4/2012 - President Mohamed Morsi met on Monday 3/9/2012 with British Petroleum (BP) Chief Executive Robert Dudley for talks on a project to produce natural gas through investments worth 11 billion dollars. ...
EuroMena II Invests $20m in Sakson Petroleum Group
Iraq >> 8/30/2012 - EuroMena II, one of the most active private equity funds in the Middle East, announced that it has invested $20m to increase the capital of Sakson Petroleum Services, a regional oil and gas drilling s...
Indonesia Encourages Oil and Gas Investment
Indonesia >> 8/29/2012 - Quest Petroleum NL is pleased to advise of further positive developments in the oil & gas sector in Indonesia. ...
Oman to Invest Over $100bn in Oil and Gas Sector
Oman >> 8/25/2012 - Investments in Oman’s mainstay oil and gas industry are projected to exceed $100 billion over the next ten years, underscoring the sector’s preeminent role in fuelling the country’s long-term socio-ec...
ERHC Intensifies Fundraising for African Exploration Programs
Kenya >> 8/23/2012 - ERHC Energy Inc, a publicly traded American company with oil and gas assets in Sub-Saharan Africa, has announced the intensification of fund raising for its exploration programs in highly prospective ...
TNK-BP Investing $800 Million to Develop Uvat Greenfields
TNK-BP Investing $800 Million to Develop Uvat Greenfields Russia >> 8/20/2012 - TNK-BP is expected to invest as much as $800 into its Uvat upstream projects in 2012 to support deployment of innovative production technology, develop related infrastructure and continue exploration....
Investment Flows into Commodity Markets in July 2012
Investment Flows into Commodity Markets in July 2012 Austria >> 8/16/2012 - The rebound in commodity prices in July contributed to easing the strong risk aversion seen the previous month. The total open interest volume (OIV) in major commodity markets in the US declined by 2....
BP Service Stations Now Accepting Payment by Visa payWave
BP Service Stations Now Accepting Payment by Visa payWave Russia >> 8/14/2012 - TNK-BP announces that BP-branded service stations in Moscow and Moscow Region have begun accepting payment via the contactless Visa® payWave system. The stations have already successfully introduced c...
Stock Movements - Aug 12
Austria >> 8/10/2012 - US
US total commercial oil stocks rose for the third consecutive month in July, increasing by 7.3 mb to end the month at 1,105.4 mb, the highest level since October. Thus, they stood at 3....
Solo Oil Issues 500,000,000 New Ordinary Shares
Tanzania >> 8/9/2012 - Solo Oil plc announces that it has raised £1.5 million gross proceeds through the issue of 500,000,000 new ordinary shares of 0.01p each in the Company (Placing Shares) at a price of 0.3 pence per sha...

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