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Finance

Finance
2016, November, 22, 18:45:00

IMF: UKRAINIAN CORRUPTION

Decisive steps particularly need to be taken to fight corruption, which remains the most frequently mentioned obstacle to doing business in Ukraine.

Finance
2016, November, 22, 18:40:00

NIGERIA INTO RECESSION

Nigeria, which was Africa's largest oil producer until a few months ago, slipped into recession after its economy shrank by 2.06% in Q2, as the impact of militant attacks on oil facilities weighed on the country's economy.

Finance
2016, November, 21, 16:15:00

SAUDI PAID $10.7 BLN

With its oil revenues slashed by low crude prices, the government of the world’s largest oil exporter has cut spending sharply this year and reduced or suspended payments owed to construction firms, medical establishments and even some of the foreign consultants who helped to design its economic reforms.

Finance
2016, November, 18, 18:45:00

RUSSIAN DECISION: $6 BLN

Russia’s decision earlier this year to engage in talks with OPEC about limiting oil output has added more than 400 billion rubles ($6 billion) to the nation’s budget, according to two officials familiar with government calculations.

Finance
2016, November, 18, 18:40:00

RUSSIA'S STABLE OUTLOOK

Russia's oil and gas companies will continue to benefit from the weak rouble while avoiding a major tax hike in 2017, according to a new special report by Fitch Ratings.

Finance
2016, November, 18, 18:35:00

VENEZUELA & CHINA: $50 BLN

Venezuela has borrowed over $50 billion from China under a financing arrangement created by late socialist leader Hugo Chavez in 2007, in which a portion of its crude and fuel sales to the world's second-biggest economy are used to pay down loans.

Finance
2016, November, 18, 18:30:00

NIGERIA'S OIL SETTLEMENT: $5.1 BLN

Nigeria reached a $5.1 billion settlement to reimburse foreign oil companies including Exxon Mobil Corp. and Royal Dutch Shell Plc for past operating costs.

Finance
2016, November, 17, 18:40:00

JAPAN NEEDS MORE OIL

Japan sees the current low oil price environment creating "a significant chance for acquiring [upstream] stakes and assets," as well as the need to facilitate upstream investments amid slowing investments globally, Yuki Sadamitsu, director of the oil and gas division at the Ministry of Economy, Trade and Industry said in an interview with S&P Global Platts last month.

Finance
2016, November, 17, 18:30:00

$500 MLN FOR LUKOIL

LUKOIL has raised USD 500 million in a 5-year unsecured loan at 3 month LIBOR+3.0% to finance the development of the Gissar group’s gas condensate fields in Uzbekistan. Soyuzneftegaz Vostok Limited, a wholly-owned indirect subsidiary of PJSC “LUKOIL”, is the borrower under the loan.

Finance
2016, November, 16, 18:45:00

RUSSIA - SAUDI COMPETITION

The deal between Essar and a consortium led by Kremlin oil giant Rosneft (ROSN.MM) appeared dead in the water two months ago after Saudi state energy firm Aramco weighed in, according to seven Russia, India and Saudi-based industry sources familiar with or involved in the negotiations.

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