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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. ...
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...
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...
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...
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...
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...
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...
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...
Operating Efficiency of Beltransgaz to Increase This Year
Russia >> 2/6/2012 - The Board of Directors approved Gazprom's efforts being taken to develop trade, transport and investment cooperation in the gas sector between Russia and the Republic of Belarus. ...
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...
Sahara’s Affiliate Signed a Financing Deal with SIDF
Saudi Arabia >> 2/5/2012 - Sahara Petrochemicals Company announces that one of TSOCs affiliates, Saudi Acrylic Monomers Company Limited (SAMCO), signed a financing agreement with Saudi Industrial Development Fund (SIDF) with a ...
South Pars Bonds with 20 Percent Profit on Sale
Iran >> 2/3/2012 - Nine trillion rials (around $735 million) in bonds will be issued as of February 4 at the Tejarat Bank’s branches nationwide to finance the South Pars gas field’s development projects, the National Ir...
South Sudan Rejects African Union Oil Plan
Sudan >> 2/1/2012 - South Sudan's chief negotiator has rejected African Union-backed proposals that could see it pay up to $6.5 billion to Sudan in the latest attempt to break a deadlock between the two over oil export t...
Hyperdynamics to Raise $30M in Registered Direct Offering
Guinea >> 1/30/2012 - Hyperdynamics Corporation announced that it has entered into a definitive agreement with institutional investors in a registered direct offering of its common stock with gross proceeds of approximatel...
South Sudan Demands Border Deal before Restarting Oil
Sudan >> 1/29/2012 - South Sudan has totally shut down oil output in a row with Sudan over export transit fees and will only restart after the two reach a deal covering border security and the disputed Abyei region, its o...
Sudan and South Sudan Leaders Fail to Reach Oil Deal
Sudan >> 1/27/2012 - The presidents of Sudan and South Sudan failed to resolve an oil dispute that has led to the shutdown of the South's crude output and threatened both countries' economies. The row centres on how much ...

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