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Financials and Investment News

Mart Initiates Review of Strategic Alternatives
Nigeria >> 2/20/2015 - Mart Resources, Inc announces that its Board of Directors has initiated a process to identify, examine and consider strategic and financial alternatives available to the Company with the ultimate view...
Cherepovets Steel Mill Reduces Operational Costs By 6.5 billion Rubles
Russia >> 2/19/2015 - The Cherepovets Steel Mill, part of the Russian Steel division of PAO Severstal, one of the world’s leading steel and steel-related mining companies, and one of the world’s largest integrated steel m...
World Oil Supply & Oil Market Highlights in February 2015
World Oil Supply & Oil Market Highlights in February 2015 Austria >> 2/18/2015 - Non-OPEC oil supply growth in 2014 has been revised up slightly to 1.99 mb/d. This revision was mostly driven by higher output in OECD, Brazil, Kazakhstan and China in 4Q14, partially offset by downwa...
National Petroleum Services Signs $200m Financing Deal
United Arab Emirates >> 2/15/2015 - Dubai-based oilfield services firm National Petroleum Services (NPS) has secured a $200 million refinancing deal from a group of banks and financial institutions, Arab Petroleum Investments Corp (APIC...
Sirius Gains Extension on Funding & Prepares for Drilling Project Ororo-2
Nigeria >> 2/12/2015 - Sirius Petroleum, the investing company focused on oil and gas exploration and development opportunities in Nigeria, updates its shareholders on progress towards completion of the Ł9.6 million Convert...
Rosneft Early Repays Part of a Loan Arranged for TNK-BP Acquisition
Russia >> 2/12/2015 - Rosneft announces it regularly repaid part of a loan obtained to finance the acquisition of TNK-BP. On February, 11 the Company paid to lenders USD 7.154 bln. ...
Gabon Unions Declare General Strike over Minimum Wage
Gabon >> 2/11/2015 - Trade unions in oil producer Gabon declared an indefinite general strike this week, with state workers seeking a huge pay rise just as the government prepares austerity measures. ...
Cameroon Plans to Raise $1.5b for Refinery
Cameroon >> 2/9/2015 - Cameroon's finance ministry will seek to raise $1.5 billion from banks to refinance the state refinery and fund other development projects, according to two presidential decrees seen by Reuters. ...
Oil Market Highlights - February 15
Austria >> 2/9/2015 -  Crude Oil Price Movements
The OPEC Reference Basket ended January down $15.08 or 25% to average $44.38/b, reaching its lowest value in six years as excess supply and weak demand continu...
Balance of Supply and Demand
Austria >> 2/9/2015 - Demand for OPEC crude in 2014 remained unchanged from the previous report to stand at 29.1 mb/d, which is 1.2 mb/d lower than the 2013 level. Demand for OPEC crude in 2015 was revised up by 0.4 mb/d...
Turkey’s STAR Refinery Receives Award from London
Turkey >> 2/6/2015 - Project Finance International (PFI), magazine of Thomson Reuters publications, awarded world-class projects financings in a ceremony where SOCAR Turkey’s STAR Refinery was awarded as the “Refinery Fin...
Fitch Reviews Petrobras’ Global Ratings
Fitch Reviews Petrobras’ Global Ratings Brazil >> 2/4/2015 - Petrobras informs that Fitch Ratings reviewed Petrobras' debt ratings from BBB to BBB-, and has placed these ratings on Rating Watch Negative. This grade keeps Petrobras as an Investment Grade Company...
Dana Gas Achieves Significant Milestones in Egypt
Egypt >> 2/1/2015 - Dana Gas, the Middle East's leading regional private sector natural gas Company, is pleased to announce a number of major milestones in the successful fulfillment of its growth strategy in Egypt. ...
Moody’s Reviews Petrobras’ Global Ratings
Brazil >> 1/30/2015 - Petrobras informs that Moody’s Investors Service reviewed Petrobras' global foreign currency debt ratings from Baa2 to Baa3. This rating is still on review. This grade maintains Petrobras as an Invest...
Harvest Withdraws a Request for Arbitration Against Venezuela
Venezuela >> 1/29/2015 - Harvest Natural Resources, Inc. through its affiliates, HNR Finance B.V. (Harvest BV) and Harvest Vinccler S.C.A. (HVSCA), have withdrawn without prejudice a Request for Arbitration (the Arbitration R...
Interoil Provided ANH Required Guarantee of $7.2m for LLA-47
Colombia >> 1/29/2015 - Interoil Exploration and Production ASA's Colombian subsidiary (Interoil) has provided the National Agency of Hydrocarbons in Colombia (Agencia Nacional de Hidrocarburos or ANH) with the required guar...
Diplomat Addresses US-Angola Chamber of Commerce
Angola >> 1/28/2015 - The Angolan ambassador to the United States of America, Agostinho Tavares, was the main speaker at the meeting of the US-Angola Chamber of Commerce, held at University Club in Washington, DC. This is ...
Gazprom & Intesa Sanpaolo Group Sign Agreement Worth EUR 350 million
Russia >> 1/22/2015 - Gazprom and Intesa Sanpaolo Group signed in Milan a loan agreement worth EUR 350 million. ...
Forecast for 2015 of Balance Supply and Demand
Forecast for 2015 of Balance Supply and Demand Austria >> 1/22/2015 - The demand for OPEC crude in 2015 was also revised down by 0.1 mb/d to stand at 28.8 mb/d, which is 0.3 mb/d less than the estimated 2014 level. The first and second quarter were revised down by 0.6 m...
Naftogaz of Ukraine Should Pay Off Its Debt to Gazprom
Ukraine >> 1/20/2015 - A working meeting among Russian Prime Minister Dmitry Medvedev, Russian Energy Minister Alexander Novak and Gazprom’s Management Committee Chairman Alexey Miller took place. ...

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