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Brent Crude Seesaws on Libya Supply Uncertainty
Libya >> 12/13/2013 - U.S. crude futures fell on expectations the Federal Reserve could announce a pullback of its bond-buying program as early as next week. ...
Egypt Talks with Foreign Firms for Gas Price
Egypt >> 12/12/2013 - Egypt is still in talks with foreign energy companies to change the amount the government pays them for natural gas produced in the country and there is no timeline for when negotiations will finish, ...
Kinetiko Completes $1.7m Capital Raising
South Africa >> 12/12/2013 - Kinetiko Energy Limited has successfully completed a placement to institutional and sophisticated investors to raise gross proceeds of approximately $1.7 million. Proceeds from the placement will be u...
Libya Militia to Open Oil Terminals in December
Libya >> 12/10/2013 - The Libyan militia that shut down most of the country's oil terminals for months causing the loss of millions of dollars said that terminals will reopen on Dec. 15. ...
Civil Aviation & Petroleum Ministries Cooperation
Egypt >> 12/10/2013 - According to the efforts of Mr. Abdul Aziz Fadel, Minister of Civil Aviation, to ease the burden of Private Aviation companies, and after the negotiations with Eng Sherif Ismail, Petroleum Minister, t...
Oil Market Highlights - Dec 13
Austria >> 12/10/2013 - The OPEC Reference Basket in November fell below $105/b for the first time since July. A key factor behind the decline in the crude oil prices was reduced refinery crude intake due to scheduled turn...
Reviewing 2013; Looking Ahead to 2014
Austria >> 12/10/2013 - With 2013 coming to a close, it is time to review the performance of the world oil market over the last twelve months, in terms of crude oil prices, the global economy, global oil demand, and non-OPE...
Balance of Supply and Demand - Dec 13
Austria >> 12/10/2013 - Estimate for 2013
Demand for OPEC crude in 2013 remained unchanged from the previous report as world oil demand and non-OPEC supply saw only a minor adjustment.

All quarters rema...
Aminex Updates its Financial Arrangements in Tanzania
Tanzania >> 12/9/2013 - Aminex PLC (Aminex) provides the following update on its financial arrangements and operational activities in Tanzania. ...
Libya Lost $7 Billion to Oil Strikes
Libya >> 12/7/2013 - Libya has lost more than $7 billion and faces new competition from Algeria and Nigeria in oil markets due to strikes at oilfields and ports drying up exports, Oil Minister Abdelbari al-Arusi said. ...
Egypt Pens Energy Debt Payoff Deal
Egypt >> 12/5/2013 - Egypt's army-installed government unveiled a timetable to pay $3 billion of $6.3 billion it owes to foreign oil firms, part of a campaign to revive confidence in an economy hammered by three years of ...
Pura Vida Announces Placement to Raise $13.5 million
Madagascar >> 12/5/2013 - Pura Vida Energy NL is pleased to announce that it has resolved to raise $13.5 million through the placement of 21.5 million shares at $0.63 per share (“the Placement”). Hartleys Limited was Sole Glob...
Egypt Promises Repayments to Oil Firms
Egypt >> 12/4/2013 - Egypt promised to pay $1.5 billion of the $6 billion it says it owes foreign oil companies, aiming to restore investor confidence in an economy damaged by nearly three years of political turmoil. ...
Libya Spends $7bn to Cover Lost Oil Revenue
Libya >> 12/4/2013 - The Deputy Governor of Libya’s Central Bank, Ali Mohamed Salem, has told Reuters that Libya has spent $7 billion of its foreign currency reserves to offset the impact of oil strikes, and will have to ...
Iranian NPC Welcomes Relief of Sanctions
Iran >> 11/24/2013 - The board of directors of National Petrochemical Company (NPC) welcomed sanctions relief on Iran’s petrochemical sector. ...
Balance of Supply and Demand Forecast for 2014
Balance of Supply and Demand Forecast for 2014 Australia >> 11/13/2013 - Demand for OPEC crude for 2014 remained unchanged from the previous report to stand at 29.6 mb/d. This represents negative growth of 0.3 mb/d compared to 2013. All the quarters remained unchanged from...
Oil Market Highlights - Nov 13
Austria >> 11/12/2013 - The OPEC Reference Basket declined by $2.04 to $106.69/b in October after four consecutive months of gains. All Basket component values moved lower, but by varying degrees. Most components were affe...
Balance of Supply and Demand - Nov 13
Austria >> 11/12/2013 - Estimate for 2013
Demand for OPEC crude for 2013 remained unchanged from the previous report as world oil demand and non-OPEC supply saw a minor adjustment. Within the quarters, 1Q13 rem...
ENI Demands $10 bln from Statoil in Arbitration
Norway >> 11/8/2013 - Italian energy firm ENI is demanding 60 billion Norwegian crowns ($10.1 billion) from Statoil, claiming it overcharged for natural gas over several years, Norwegian business daily Dagens Naeringsliv s...
Panoro Provides Update on Divestment Process for Aje Field
Nigeria >> 11/7/2013 - Panoro Energy announces that Lekoil has failed to pay the balance of USD 26 million plus an additional amount of approximately USD 1 million of working capital adjustment by November 6, 2013. Panoro E...

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