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Shtokman's Gas Final Investment Decision Delayed
Russia >> 12/29/2011 - Development of Russia's Shtokman, one of the world's largest gas fields, will remain in limbo for a few more months as a Gazprom-led consortium pushes the government for tax breaks to help ensure the ...
Gazprom Neft Approves 2012 Investment Program
Russia >> 12/29/2011 - Gazprom Neft's Board of Directors has discussed the implementation status of the Company's 2011 financial borrowing program, debt structure and debt portfolio management. In 2011, through bank loans a...
Double Investments in Gasification of Saint Petersburg
Russia >> 12/28/2011 - Saint Petersburg hosted a working meeting between Alexey Miller and Georgy Poltavchenko, Governor of Saint Petersburg. The parties expressed a high opinion of the joint efforts made to develop a gas s...
Renaissance Plans to Raise New Growth Capital
United Arab Emirates >> 12/27/2011 - Renaissance Services SAOG has announced that its Board of Directors has approved the raising of up to Rial 50 million (USD 130 million) of additional capital through a quasi-equity instrument, subject...
Afghanistan Willing to Import More Oil Products from Iran
Iran >> 12/27/2011 - Managing director of the National Iranian Oil Refining And Distribution Company (NIORDC), Alireza Zeighami made the above remarks last night during the signing ceremony of an agreement on oil products...
Japan Refuses to Stop Iranian Oil Imports
Japan Refuses to Stop Iranian Oil Imports Iran >> 12/21/2011 - AFP reported from Washington that Japans foreign minister said Monday that his country would not stop imports of Iranian oil. ...
BP Russia Launches 5 Year Investment in Technology, Education & Cultural
BP Russia Launches 5 Year Investment in Technology, Education & Cultural Russia >> 12/20/2011 - BP announced the launch of a new corporate social responsibility (CSR) programme in Russia, one of the biggest of its kind undertaken by a foreign company. The five year (2011-2105) $50 million progra...
BP to Sign Deals to Explore in Angola's Kwanza Basin
BP to Sign Deals to Explore in Angola's Kwanza Basin Angola >> 12/20/2011 - BP will sign deals with Angola to explore oil and gas in several blocks in the southern African country's Kwanza Basin, Angolan state news agency Angop cited the oil firm's chief executive Bob Dubley ...
More Than Triple Investments in Achimov Deposits
Russia >> 12/20/2011 - In 2012 TNK-BP will invest US$ 250 million in the development of the Achimov deposits at its Rospan fields (100% owned by TNK-BP), more than tripling its investments made in 2011. ...
Sudan to Invite Bids to Run Six New Oil & Gas Blocks
Sudan to Invite Bids to Run Six New Oil & Gas Blocks Sudan >> 12/19/2011 - Sudan will invite bids from firms to operate in six new oil and gas blocks early next year, the oil minister said, as the country moves to compensate for the loss of the crude-producing south. Sudan h...
Israel Electric to Buy $8 bln of Natural Gas
Israel >> 12/18/2011 - Israel's state-owned electric utility has agreed to buy natural gas worth $8 billion from the partners developing the Tamar site off Israel's Mediterranean coast. Israel Electric Corp (IEC) said in a ...
Total Launches Termokarstovoye Field Development
Russia >> 12/16/2011 - Total announced that it has taken, together with its partner Novatek, the final investment decision to develop the Termokarstovoye gas and condensates field. This onshore field is located in the Yamal...
Gazprom to Increase Azerbaijani Gas to 3 BCM In 2012
Russia >> 12/15/2011 - The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Rovnag Abdullayev, President of the State Oil Company of Azerbaijan Republic...
Oil-Rich South Sudan to Launch its Economic Pitch
Oil-Rich South Sudan to Launch its Economic Pitch Sudan >> 12/14/2011 - South Sudan makes its debut for western oil companies, aid organizations and agribusiness this week at a U.S.-backed conference aimed at setting Africa's newest country on the path to economic develop...
TNK-BP to Invest $10 Billion in Arctic Oil, Pipelines
Russia >> 12/14/2011 - Russian oil company TNK-BP, half-owned by BP, will invest up to $10 billion (6.4 billion pounds) in Arctic oilfield development and construction of a pipeline to link the fields with the export pipeli...
KRG Proposed a Draft Law for Fund Oil & Gas Sector
Iraq >> 12/11/2011 - Iraq’s semi-autonomous Kurdistan Regional Government proposed a draft law to set up a fund to manage revenue from the sale of oil and natural gas produced in the region, according to the KRG’s officia...
U.S. Treasury Eases Sanctions on South Sudan
Sudan >> 12/10/2011 - The United States is easing sanctions on South Sudan to allow investment in the newly independent nation's oil sector, the Treasury Department's Office of Foreign Assets Control (OFAC) said. OFAC issu...
TNK-BP Allocated $320 mln for New Technology in 2011
Russia >> 12/9/2011 - TNK-BP increased its investment in technology and innovation development by a factor of 3.7 to $320 mln in 2011 including $200 mln spent for pilot production works and the remaining funds invested in ...
QPI & Centrica Agree MoU for Investment Opportunities
Qatar >> 12/5/2011 - His Excellency Dr. Mohammed bin Saleh Al-Sada, Qatar's Minister of Energy and Industry and Chairman of the Board of Qatar Petroleum International (QPI), signed a Memorandum of Understanding (MOU) deta...
Niger Wants Audit on Chinese JV Oil Refinery
Niger >> 11/24/2011 - The West African state of Niger said it will commission an audit on the cost of an oil refinery built by its joint venture with Chinese oil company CNCP after the price tag rose to $980 million from t...

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