TEHRAN – A top Iranian diplomat has expressed Tehran's displeasure over an announcement by certain Persian Gulf Arab states to replace Iran's oil exports, saying Iran will consider such a move as “unfriendly”. Hosse...
Rosneft is the key target of Statoil´s flirts. The state-owned company recently secured control over several promising licenses in the area, and now seems to be the most likely operator of potentially huge field structures ...
South Sudan last week said it was suspending oil production, accusing Sudan of "stealing" its oil. The leaders of Djibouti, Ethiopia, Kenya and Somalia are trying to broker a deal between South Sudan...
SOCO announces that on 27 January 2012 it purchased 40000 of its ordinary shares at an average price of 290 pence per ordinary share. The highest price and the lowest price paid for these shares were 290 pence and 290 pence...
27 (Bloomberg) -- The State Oil Co. of Azerbaijan, or Socar, plans to sell as much as $500 million of Eurobonds, Moody's Investors Service said in a report. Moody's gave the debut international notes a rating...
Engen Petroleum Limited, the African downstream petroleum products refiner and marketer, has acquired the assets of Chevron in seven countries in sub-Sahara Africa. “We have completed the integration process, now the sky is...
By Dmitry Zhdannikov | DAVOS, Switzerland (Reuters) - As the European Union prepares to ban Iranian oil and the United States turns the screw on payments, oil executives and policymakers say China and Russia s...
The physical oil market in the Middle East and Russia showed signs of tightening too, suggesting that some refiners are already seeking replacement barrels, analysts said. Russian Urals crude, seen as a potential alt...
"There were two issues, one was the stabilization clause [and] the second issue was our desire for a refinery here to refine oil for Uganda and for the region. I don't know whether they have changed their mi...
JOHANNESBURG Jan 27 (Reuters) - South Africa's petrol pump prices in the main inland commercial region of Gauteng will increase by 34 cents or 3.2 percent a litre next Wednesday, the energy department said on Friday. Th...
Energy Department director-general Nelisiwe Magubane says it would cost about R300 million just to modify the refining facilities at South Africa's private oil refineries if South Africa were to wea...
26 (Xinhua) -- If South Africa follows the US and the European (EU) by banning new contracts for crude oil and petroleum products from Iran, South Africa's oil refineries may have to carry out multimillion-rand reconfig...
Given these hang-ups, many in South Sudan have sought an alternative export route for their oil. And maybe they have found one. On January 25 South Sudan and Kenya announced an agreement whereby Juba would construct ...
NEW DELHI, Jan 27 (Asia Pulse) - India and Pakistan are closer to agreeing on a transit fee and a joint strategy to develop gas fields and import the hydrocarbon via a pipeline from the Central Asian Republic of Turkmenistan
Lanka Business Online
Europe remains as the main gas sales market for the State Oil Company of Azerbaijan (SOCAR), Ihlas agency quotes the Company's head Rovnag Abdullayev as saying at the World Economic Forum in Davos on Friday. &quo...
By Najmeh Bozorgmehr in Tehran and Guy Chazan Iran's parliament is threatening to ban oil exports to Europe as early as next week, in a move that could hit the economically weak countries of southern Europe and p...
The potentially high impact Ntorya 1 well is now approaching its target interval, Aminex (LON:AEX) confirmed today. Aminex is the operator of the keenly followed well in Tanzania. It has a 56.25 per cent in the ventu...
By Yara Bayoumy and Aaron Maasho | ADDIS ABABA (Reuters) - The presidents of Sudan and South Sudan failed Friday to resolve an oil dispute that has led to the shutdown of the South's crude output and threa...
Cuba will begin exploratory drilling in search of oil this weekend, when drilling will start on a rig just 100 kilometres from Florida. The operation is raising concerns over what happens under the terms of the US em...
Voser said he had "spent quite a bit of time" with the head of state oil company Saudi Aramco, Khalid al-Falih, at the meeting of political and business leaders in Switzerland, but declined to say if he had asked ...
