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Iran Eyes Enhanced Oil Production thru $5b Investment Package
Iran >> 10/15/2017 - Iran is preparing a $5 billion investment package for maintaining and enhancing production of the country"s oilfields, Iranian Minister of Petroleum Bijan Zangeneh said. Addressing an energy congress ...
Stock Movements - October 2017
Austria >> 10/11/2017 - OECD commercial oil stocks fell by 24.7 mb in August to stand at 2,996 mb, which is around 171 mb above the latest five-year average. Crude and products indicated surpluses of 146 mb and 25 mb above ...
Cairn Oil and Gas to Invest $4.6 Bln in New Exploration
India >> 10/9/2017 - Cairn Oil and Gas, part of Vedanta Ltd, will invest 300 billion rupees ($4.6 billion) in exploration projects off India’s east coast and in the onshore fields of Barmer in the west, its acting CEO sai...
ICOFC Projects Up for Grabs by Investors
Iran >> 10/9/2017 - The Iranian Central Oil Fields Company (ICOFC) has pitched a new investment package worth over $5.5b to potential investors. The package includes construction of new gas pressure stations at Kangan, H...
NIOC Ready to Absorb Foreign Finances
Iran >> 10/8/2017 - National Iranian Oil Company (NIOC) says it is ready to absorb fresh investments in Iran"s oil projects, an NIOC official told a conference in Singapore. ...
ADNOC Strengthens Energy Partnership with Japan
United Arab Emirates >> 10/8/2017 - The Abu Dhabi National Oil Company (ADNOC) has strengthened its long-standing energy partnership with Japan, through the signing of a tri-partite Memorandum of Cooperation with Japan’s Ministry of Eco...
Russian Ministry of Finance & Rosneft Agree on Estimated Effect of Investment Incentives
Russia >> 10/6/2017 - Russian Ministry of Finance and Rosneft report that they completed the work to confirm estimated effect of granting investment incentives for Rosneft's Samotlor field. ...
SIBUR, RDIF, Aramco & SABIC Signed MoU on Possible Cooperation in Russia & Saudi Arabia
Russia >> 10/5/2017 - SIBUR, the Russian Direct Investment Fund (RDIF) and Saudi Arabian Oil Company (Saudi Aramco) signed a Memorandum of Understanding on possible cooperation and investment activities in Russia and Saudi...
Saudi Aramco IPO On Track for 2018
Saudi Arabia >> 10/5/2017 - A plan to list Saudi Aramco in 2018 is on track, senior Saudi officials said in Moscow, as Saudi Arabia gears up to sign a string of investment agreements with Russia. ...
Saudi & Russian Companies to Create Synergy for Sustainable Energy Future
Saudi & Russian Companies to Create Synergy for Sustainable Energy Future Saudi Arabia >> 10/5/2017 - The rich endowment of resources of both the Kingdom of Saudi Arabia and the Russian Federation can enable companies from both countries to collaborate in creating synergies for a sustainable energy fu...
Russia to Sign Deals with Saudi worth over $3 bln
Saudi Arabia >> 10/4/2017 - Russia and Saudi Arabia will sign joint investment agreements worth more than $3 billion during a visit to Moscow by Saudi Arabia’s King Salman, Russian Energy Minister Alexander Novak was quoted as s...
Gazprom Neft Reviews Investment Programme Performance & Budget Implementation in H1 2017
Russia >> 9/29/2017 - The Gazprom Neft Board of Directors has reviewed information on the effectiveness of the company’s budget execution and the investment programme implementation in H1 2017. ...
Marubeni to Invest in Biomass Co-Firing Power Project in Shunan City, Yamaguchi Prefecture
Japan >> 9/29/2017 - Marubeni Corporation (“Marubeni”) will invest in the construction and operation of a biomass co-firing power project located at Tokuyama Factory of Tokuyama Corporation (“Tokuyama”) in Shunan City, Ya...
Investment Flows into Commodities - September 2017
Investment Flows into Commodities - September 2017 Austria >> 9/27/2017 - Open interest (OI) increased in August for selected US commodity futures markets such as copper, crude oil and livestock while it was relatively stable for natural gas, agriculture and precious metals...
Saudi Aramco Plans to Spend $334 billion by 2025
Saudi Arabia >> 9/26/2017 - Saudi Arabia’s state-owned oil giant Aramco plans to invest a total of about $334 billion by 2025, including spending on infrastructure and projects to maintain oil capacity, a senior Aramco official ...
China Stock Movements - September 2017
China Stock Movements - September 2017 China >> 9/25/2017 - The latest information for China showed that total commercial oil inventories fell by 5.7 mb to settle at 380.6 mb, which is 0.5 mb lower than the previous year. Within the components, crude stocks ro...
Prospex Oil & Gas Preparing to Drill Bainet-1 Well
Romania >> 9/25/2017 - Prospex Oil and Gas Plc, the AIM quoted investment company, is pleased to provide an update on its investment in the Exploration Area of the EIV-1 Suceava Concession (the 'Concession' or 'Suceava'), w...
TAP Invests €1 Million in Energy-Focused Postgraduate Programmes
Azerbaijan >> 9/22/2017 - On 21 September, the Trans Adriatic Pipeline (TAP) AG presented its €1 million initiative for funding Master’s programmes in the energy sector, offered by the University and the Technological Educatio...
Gazprom Approves Revised Investment Program, Budget, and Cost Reduction Program for 2017
Russia >> 9/14/2017 - The Gazprom Management Committee approved the revised drafts of the investment program, budget (financial plan) and cost optimization (reduction) program for 2017. ...
Canada Invests $950,000 in New Carbon Capture Technology
Canada >> 9/14/2017 - Supporting clean technology will create good, middle-class jobs, improve the environmental performance of Canada’s oil and gas sector and help address climate change. On behalf of Canada’s Minister of...

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