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Finance

Finance
2016, September, 29, 18:35:00

MALAYSIAN - CANADIAN LNG: $27 BLN

Petronas, Malaysia’s state-owned oil and gas group, has gained approval from the Canadian government for a controversial $27bn liquefied natural gas project — but said it would have to consider the environmental conditions attached before deciding to proceed.

Finance
2016, September, 29, 18:30:00

IMF BOUGHT UKRAINE FOR U.S.

as you work to curb corruption, improve tax administration, strengthen intellectual property rights protection, modernize Ukraine’s Customs Service, and complete land reform legislation.

Finance
2016, September, 28, 18:30:00

WEATHERFORD PAYS $140 MLN

The Securities and Exchange Commission today announced that oil services company Weatherford International has agreed to pay a $140 million penalty to settle charges that it inflated earnings by using deceptive income tax accounting. Two of the company’s senior accounting executives at the time have agreed to settle charges that they were behind the scheme.

Finance
2016, September, 26, 18:55:00

RUSSIA NEEDS MONEY

Russia's oil taxes are already among the highest in the world.

Finance
2016, September, 26, 18:35:00

U.S. JOBS: 4.3 MLN

An analysis by the U.S. Chamber of Commerce found that the natural gas revolution generated more than 4.3 million jobs and injected nearly half a trillion dollars into the economy. It also determined that all those jobs would have been lost had the so-called “Keep it in the Ground” movement succeeded in suffocating the oil revolution.

Finance
2016, September, 22, 18:35:00

IMF BOUGHT IRAQ

“The Managing Director welcomed the Iraqi authorities' economic program, which is being supported by a $5.34 billion Stand-By Arrangement (SBA) from the Fund approved in July 2016. The Managing Director and the Prime Minister exchanged views on how the SBA can help Iraq address the shocks posed by violent attacks and the drop in global oil prices. The Managing Director reiterated the importance of strong commitment to sound policies and decisive action on key reforms that are crucial to yield the largest gains for Iraq’s population.”

Finance
2016, September, 21, 18:35:00

CONOCO SELLS INDONESIA

US major ConocoPhillips will sell its 40% operating interest in the South Natuna Sea oil and gas production-sharing block B to Indonesian player Medco Energi, the latter announced on Monday.

Finance
2016, September, 21, 18:30:00

PETROBRAS CUTS 25%

Petróleo Brasileiro SA, as Petrobras is formally known, pledged up to $74.1 billion in capital spending for the 2017-2021 period compared with a $98.4 billion target in the prior four-year 2015-2019 plan, according to a securities filing.

Finance
2016, September, 19, 18:35:00

EBRD BOUGHT BULGARIA

President Chakrabarti welcomed Bulgaria’s recent actions to strengthen the stability of its financial sector and promote the liberalisation of the energy market. He reconfirmed the EBRD’s commitment to support these reforms with investment and technical advice.

Finance
2016, September, 16, 18:00:00

IMF BOUGHT AZERBAIJAN

Executive Directors welcomed the steps the authorities have taken to adjust to the decline in oil prices and weaker growth in trading partners. However, they noted that the difficult external environment could hamper macroeconomic outcomes in the near term. While Azerbaijan’s policy buffers remain substantial, the balance of payments, fiscal position, and banking system would likely remain under pressure as the economy continues to adjust. Accordingly, Directors stressed the need to press ahead with reforms to secure macroeconomic and financial stability and promote a diversified and private sector-led economy.

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