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Electricity Price Increase in Subsidy Reform Strategy
Electricity Price Increase in Subsidy Reform Strategy Egypt >> 8/8/2016 - Egypt will increase electricity prices by up to 40 percent for households as part of its plan to repair its finances by eliminating power subsidies entirely over the next few years, the government sai...
Oil Price will be Stable in December
Algeria >> 8/2/2016 - Algeria’s energy minister Nourredine Bouterfa said the Public Treasury will not be affected by oil price decrease and the market will be stable again by the end of December. ...
Investment Flows into Commodities Markets - July 2016
Investment Flows into Commodities Markets - July 2016 Austria >> 8/1/2016 - Open interest volume (OIV) increased in June for select US commodity markets such as agriculture, crude oil, precious metals and copper, and livestock while decreasing for natural gas. Meanwhile, the ...
Sound Energy announces Schlumberger Investment in Upcoming Badile Exploration Well
Italy >> 7/27/2016 - Sound Energy, the Mediterranean focused upstream gas company, is pleased to announce the signature of an agreement with Schlumberger group entities ("Schlumberger") whereby Schlumberger has agreed to ...
US Stock Movements - July 2015
US Stock Movements -  July 2015 United States >> 7/25/2016 - Preliminary data for June shows that total US commercial oil stocks rose by 10.1 mb to stand at 1,375.2 mb. At this level, they were around 98 mb, or 7.7%, above the same period a year ago and 232 mb,...
Mozambique Closes in on Huge Gas Deal after Years of Delays
Mozambique >> 7/25/2016 - Mozambique's long-delayed offshore gas project with Italy's Eni could be approved within months, sources close to the deal said, sparking investments with the potential to transform one of the world's...
Emerging and Developing Economies - July 2016
Emerging and Developing Economies - July 2016 Brazil >> 7/24/2016 - In Brazil, growth data for 1Q16 and the monthly indicators of the past two months have only confirmed the negative expectation for the economic growth of the country in 2016, which sees a contraction ...
Turkish Minister of Economy Meets SOCAR Delegation
Azerbaijan >> 7/22/2016 - SOCAR delegation led by Vagif Aliyev, Chief of the SOCAR Investment Department, Chairman of Board of Management, SOCAR Turkey Energy, visited the Ministry of Economy of Turkey and met Minister Nihat Z...
CNR Puts off Planned Ivory Coast Investment over Low Oil Prices
Ivory Coast (Cote D'Ivoire) >> 7/19/2016 - Canadian Natural Resources (CNR) is postponing $300-400 million in planned investment on its Ivory Coast offshore blocks pending a rebound in crude prices, its general manager in the West African nati...
Marubeni & CT Corp Sign MoU for Strategic Partnership
Indonesia >> 7/19/2016 - Marubeni Corporation (“Marubeni”) signed a Memorandum of Understanding for a strategic partnership (“Agreement”) with CT Corp, a major Indonesian conglomerate engaged in a range of business sectors in...
North Sea Field Shutdowns to Climb as Brexit Deepens Oil Gloom
United Kingdom >> 7/19/2016 - The pace of North Sea oil-field shutdowns is picking up as the impact of the market slump is compounded by the uncertain investment environment created by Brexit. ...
APICORP and Bahri to Launch US$1.5 Billion Shipping Fund
APICORP and Bahri to Launch US$1.5 Billion Shipping Fund Saudi Arabia >> 7/18/2016 - The Arab Petroleum Investments Corporation (APICORP) and The National Shipping Company of Saudi Arabia (Bahri) have launched a landmark shipping fund. ...
Rawson Resources Secures Investment for PNG Operations
Papua-New Guinea >> 7/18/2016 - Rawson Resources Limited, via its majority owned subsidiary Dondonald Limited, has secured a capital investment of approximately A$750,000 from a group of resident PNG Investors. ...
Iran Needs $100b for Developing Oil, Gas Fields
Iran >> 7/18/2016 - Managing director of National Iranian Oil Company (NIOC) says Iran's oil industry needs an investment of over a hundred billion dollars for development. ...
Pan American Energy to Invest $1.4b in Argentina this Year
Argentina >> 7/14/2016 - Pan American Energy LLC , a unit of BP, is planning to invest $1.4 billion in Argentina's biggest oil field and other areas this year. ...
Stock Movements - July 2016
Austria >> 7/12/2016 - OECD commercial oil stocks fell slightly in May to stand at 3,063 mb. At this level, they were around 329 mb above the latest five-year average. Crude and product stocks indicated a surplus of aroun...
Italian Firms Keen on Joining Iran Energy Projects
Iran >> 7/10/2016 - Head of the Italy Desk of the 2016 World Conference of Mayors and Councilors says Italian companies are keen on investing in Irans energy projects including renewables. ...
TAP Launches Community Investment Programme in Italy
Azerbaijan >> 7/7/2016 - Trans Adriatic Pipeline (TAP) AG will provide 200,000 Euro to support projects of associations and non-profit organisations. This is the first TAP community investment programme in Melendugno aimed to...
Egypt Reduces Arrears Owed to Foreign Oil Companies to $3.4 Bln
Egypt Reduces Arrears Owed to Foreign Oil Companies to $3.4 Bln Egypt >> 7/4/2016 - Egypt has reduced the arrears it owes foreign oil companies to $3.4 billion in 2015/16 from $3.5 billion a year earlier, Petroleum Minister Tarek El Molla told Reuters. ...
Iran Names 8 Local Partners for Energy Majors
Iran >> 7/3/2016 - The Iranian Ministry of Petroleum selected 8 Iranian companies as local partners for international energy majors interested in investing in Irans oil and gas fields in the post-sanctions setting. ...

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