Latest news
Uganda to satisfy in-house market oil demand.
Uganda is set to build a refinery in order to meet the local oil demand of an estimated 25,000 barrels per day (bpd) and eventually afterwards supply up to 200,000 bpd for export.
read more... 01/12/2010
Ukraine’s Naftogaz sealed a deal with Egyptian authorities upon oil fields.
Egypt's Prime Minister, Ahmed Mohamed Nazif, was cited by a Ukrainian press agency announcing that the Ukrainian company, Naftogaz Ukrainy, received the green light for the exploration and extraction of oil in Western Sahara.
read more... 29/11/2010
Daily Market Update, Thursday, November 25, 2010
Oil fell on Thursday, after rising above 3 percent the previous day on strong U.S. macro-economic data, as concerns over the European debt persisted.
read more... 25/11/2010
Total CEO expects oil prices to go up.
Christophe de Margerie, the CEO of Total, has recently declared in an interview that he expects oil prices to rise in the years to come.
read more... 25/11/2010
China National Petroleum Corp in a multi-billion project in Cuba.
State-owned Chinese company, China National Petroleum Corp (CNPC) plans big investments in 2011, intending to build a refinery, a LNG terminal and an electricity generation plant worth a total of $6 billion, which is supposed to be one of the biggest projects in Cuba.
read more... 24/11/2010