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Egypt pays $350mn to BG Group Dana Gas will invest $270mn in Egypt's main gasfield after receiving payments back.

Egypt pays $350mn to BG Group

The amount has been given as part of a deal to repay Egypt's dept

 •   Egypt seeks $1.5bn loan to repay oil and gas debts
 •   BP Egypt starts drilling Atoll-1 well
 •   Egypt's top refinery hopes to start exporting


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KUFPEC gets $1bn loan

KUFPEC gets $1bn loan

The money will be used to finance KUFPEC's international expansion plans
 
Iran nuclear talks may be extended

Iran nuclear talks may be extended

US sees 'big gaps', deal by the end of today very unlikely
 
Oman issues $44mn in contracts to boost oil sector

Oman issues $44mn in contracts to boost oil sector

Additional 142 contracts worth about $1.3bn will be up grabs in the upcoming year
 
Russia and Saudi to cooperate on oil

Russia and Saudi to cooperate on oil

Foreign minister said Russia will cooperate but will not commit to limit oil output
 

 

Iraq seals export deal with Kurdistan

Iraq seals export deal with Kurdistan

Kurdish authorities will pump 150,000 bpd to Iraqi government export tanks in the Turkish port of Ceyhan
 
Lukoil Overseas doubles oil production

Lukoil Overseas doubles oil production

The opening of West Qurna 2 boosted Lukoil's production levels in Iraq
 
Halliburton buys Baker Hughes for $34.6bn

Halliburton buys Baker Hughes for $34.6bn

The merger could save the oil giants $2bn in costs
 
Qatar to cut condensates exports

Qatar to cut condensates exports

The Gulf country will move from exporting condensates to exporting naphtha
 
Bringing localisation home

Bringing localisation home

Philippines based company says it is looking to set up training schools in the region
 
Egypt vows to repay debt in six months

Egypt vows to repay debt in six months

Egypt owes $4.9bn in dept to foreign oil and gas companies
 
Low oil price will not affect Saudi budget

Low oil price will not affect Saudi budget

Saudi Arabia has assets of around $700bn with which to plug the gap in its economy
 
Saudi tells G20 it won't change oil policy

Saudi tells G20 it won't change oil policy

The statement came from deputy premier and minister of defense addressing the G-20 summit on Saturday
 
G20 plans for new energy body to sit above OPEC

G20 plans for new energy body to sit above OPEC

A central part of the plan has the backing of Saudi Arabia and Russia
 
Kuwait to sell Dow Chemical's shares to the public

Kuwait to sell Dow Chemical's shares to the public

The decision was made to share the country's oil wealth with its citizens and impose more market discipline on companies
 
Iran to raid $62bn wealth fund as oil prices fall

Iran to raid $62bn wealth fund as oil prices fall

The IMF estimates that Iran may need oil prices as high as $130 to balance its books
 




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