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Egypt’s Revenues $1b Monthly from Oil Companies
Egypt >> 9/25/2014 - Egypt's state-run Egyptian General Petroleum Corporation (EGPC) declared that Egypt received a share of the foreign partner’s oil and gas revenues of US$1 billion per month and is repaying around $700...
Kenya Finance Bill 2014 Passed by Kenyan Parliament
Kenya >> 9/25/2014 - Africa Oil Corp. (Africa Oil) confirms that the Kenya Finance Bill 2014 has been passed by the Kenyan Parliament and assented to by President Kenyatta. Publication of the bill is expected imminently. ...
SINOPEC Wins "2014 Global Competitiveness Brands - Top 10 from China"
China >> 9/18/2014 - The 2014 Global Competitiveness and Sustaining Company Growth Event and the "2014 Global Competitiveness Brands – Top 10 from China" were held on September 17, Eastern Standard Time. Since 2009, this ...
Egypt Expects $425 Mln from Islamic Development Bank
Egypt >> 9/14/2014 - Egypt said it expected to receive around $425 million in funding from the Islamic Development Bank to develop an oil refinery in Assiut and an airport in the Red Sea resort of Sharm el-Sheikh. ...
Egypt Signs $500m World Bank Gas Loan
Egypt >> 9/11/2014 - Egypt has signed a $500 million loan with the World Bank to provide natural gas to Egyptian households, the government said in a statement on Thursday. ...
Petrorabigh Invite Banks to Back JV Plant Expansion
Saudi Arabia >> 9/10/2014 - Saudi Arabia's PetroRabigh said its founding shareholders had formally invited banks to provide financing for the 32 billion riyal ($8.5 billion) expansion of its petrochemicals complex in the kingdom...
Oil Market Highlights - September 14
Austria >> 9/10/2014 -  Crude Oil Price Movements
The OPEC Reference Basket fell by $4.86 in August to stand at $100.75/b. Nymex WTI declined by $6.32 to $96.08/b and ICE Brent dropped $4.79 to $103.40/b. Specu...
Sea Trucks Signs $130m Financing Facility
Netherlands Antilles >> 9/10/2014 - Sea Trucks Group Limited, an international oil and gas marine contractor with a strong track record in the key oil and gas producing regions, particularly West Africa, is pleased to announce a US$ 130...
Balance of Supply and Demand - September 2014
Austria >> 9/10/2014 - Demand for OPEC crude in 2014 was revised down by 0.2 mb/d from the previous report to stand at 29.5 mb/d, which is 0.8 mb/d lower than the 2013 level. Demand for OPEC crude in 2015 was also revised...
Dana Secures $100m Financing for UAE Offshore Field
Dana Secures $100m Financing for UAE Offshore Field United Arab Emirates >> 9/9/2014 - Dana Gas, the Middle East’s leading regional private sector natural gas Company, is pleased to announce that it has secured, through its wholly owned subsidiary Dana Gas Explorations FZE, a US$ 100 mi...
CAMAC Enters 5Y Credit Facility with Zenith Bank
Nigeria >> 9/8/2014 - CAMAC Energy Inc announced that its wholly owned subsidiary, CAMAC Petroleum Limited, has entered into a credit facility with Zenith Bank Plc for a five-year senior secured term loan providing initial...
Sasol Eyes Angola, Ghana and Tanzania Opportunities
Angola >> 9/8/2014 - Sasol is eyeing potential expansion into Angola, Ghana and Tanzania but Mozambique remains its immediate focus in Africa, the South African petrochemicals company's chief executive said. ...
Tanzania Tax Authority Plans to Review Mining & Gas Contracts
Tanzania >> 9/8/2014 - Tanzania's tax authority has scrapped plans to review mining and gas contracts, after its announcement of the move last week rattled investors in the east African country's rich gold and natural gas r...
No Restrictions for Iran-Russia Cooperation
Iran >> 9/6/2014 - -Iran’s Petroleum Minister Bijan Namdar Zanganeh has said that Tehran-Moscow economic cooperation faces no restrictions. ...
Kuwait Energy Keen to Invest More in Iraq
Kuwait Energy Keen to Invest More in Iraq Iraq >> 8/26/2014 - The recent flare-up of violence in Iraq is past its worst and Kuwait Energy is keen to invest more in the country because of its potential, Chief Executive Sara Akbar said. ...
Aramco Plans to Invest $40b A Year For The Next Decade
Aramco Plans to Invest $40b A Year For The Next Decade Saudi Arabia >> 8/25/2014 - Saudi Aramco, the world's biggest oil producer, plans to invest $40 billion a year over the next decade to keep oil production capacity steady and double gas production, Chief Executive Khalid Al-Fali...
Balance of Supply and Demand Forecast for 2014 - August 14
Balance of Supply and Demand Forecast for 2014 - August 14 Austria >> 8/21/2014 - Demand for OPEC crude in 2014 was revised down by 0.1 mb/d from the previous report, reflecting the upward adjustment of non-OPEC supply as well as the downward revision in global demand. The 3Q saw t...
KOGAS to Invest $4.9 Bln in Zubair Oil Project
Iraq >> 8/18/2014 - Korea Gas Corp will invest 4.99 trillion Korean won ($4.9 billion) in Iraq's Zubair oil project, the state-run South Korean gas company said in a filing to the stock exchange. ...
Balance of Supply and Demand - August 14
Austria >> 8/11/2014 - Demand for OPEC crude in 2014 was revised down by 0.1 mb/d from the previous report to stand at 29.6 mb/d. In 2015, demand for OPEC crude is expected to remain unchanged to average 29.4 mb/d.

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Brazil May Raise Fuel Prices by Up to 6 Percent
Brazil >> 8/11/2014 - The Brazilian government could increase domestic fuel prices at refineries by up to 6 percent after the October presidential election, a senior government source told Reuters. ...

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