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2015-03-18 20:50:00

LUKOIL CAME TO CAMEROON

LUKOIL CAME TO CAMEROON

LUKOIL closed a transaction to enter a project to develop the Etinde block offshore the Republic of Cameroon in the Gulf of Guinea (West Africa).

Earlier, the Company met all the preliminary conditions of the acquisition agreement signed in June 2014. This included obtaining approval from the Cameroon Ministry of Mines and Energy on October 21, 2014 and gazetting the Presidential Decree on February 18, 2015 approving the transaction.

The Etinde project is being executed under the production sharing agreement (PSA) signed on December 22, 2008. The project partners are LUKOIL (30%), New Age (African Global Energy)…

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Tags: LUKOIL, CAMEROON

Chronicle:

LUKOIL CAME TO CAMEROON
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

LUKOIL CAME TO CAMEROON
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

LUKOIL CAME TO CAMEROON
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

LUKOIL CAME TO CAMEROON
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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