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2014-02-19 16:38:00

GAZPROM NEFT COST ESTIMATE RAISED TO $3 B

GAZPROM  NEFT  COST  ESTIMATE RAISED  TO  $3 B

OAO Gazprom Neft increased its estimated costs for the Badra oil field in Iraq to about $3 billion, according to a bond prospectus this month from its parent company. 

The Gazprom Neft-led group is planning to begin oil output at Badra this year and produce 170,000 barrels a day from the field by 2017. The Iraqi government is allowing the group to recoup initial investments, awarding a fee of $5.50 a barrel produced over the 20-year span of the contract.

Gazprom Neft is also investing in projects in Iraq’s Kurdistan region where it plans to start production this year.

More information here.

Tags: GAZPROM, NEFT

Chronicle:

GAZPROM  NEFT  COST  ESTIMATE RAISED  TO  $3 B
2018, October, 17, 10:10:00

SAUDI - INDIA'S DOWNSTREAM

MEOG - Judaimi highlighted that the closer cooperation between Saudi Aramco and Indian energy entities is reflected in the partnership with RRPCL and ADNOC on the Ratnagiri mega-refinery and petrochemicals complex in Maharashta this year. He noted that nearly $2 billion in material-service sourcing with Indian companies to date; and the opening of the Aramco Asia India office in 2017.

GAZPROM  NEFT  COST  ESTIMATE RAISED  TO  $3 B
2018, October, 17, 10:05:00

U.S. IN EUROPE

REUTERS - The United States must not determine European energy policy or decide whether Germany buys Russian gas, a top German diplomat said on Tuesday.

GAZPROM  NEFT  COST  ESTIMATE RAISED  TO  $3 B
2018, October, 17, 10:00:00

TOTAL IN RUSSIA: THE LARGEST

FT - “Total has great ambition in this country, we want to be the largest foreign oil and gas player here,” the company’s chief executive Patrick Pouyanné said on Monday at the launch of a factory outside Moscow. 

GAZPROM  NEFT  COST  ESTIMATE RAISED  TO  $3 B
2018, October, 17, 09:55:00

PETROBRAS - CNPC COOPERATION

PLATTS - Petrobras is to form two joint venture companies with China National Petroleum Corp. (CNPC) to complete construction of a refinery and revitalize four mature fields in the offshore Campos Basin, the state-owned Brazilian company said

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