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20.05.2014 Mexico may pull investment from Repsol

Mexico's Energy Minister said on May 19 that incentives for Pemex to keep its stake in Repsol are low, adding to suggestions the state oil company could pull its 2.3 billion euro ($3.16 billion) investment from the Spanish firm, Reuters has reported.

16.05.2014 Investment costs rise – Norway’s Statoil vice-president

In times when the oil and gas industry must live with lower profits and higher costs, cooperation is key to success, Statoil’s press office said on May 15.

28.04.2014 China wants more Latin American oil

China might be slowing economically but it still wants to buy more oil from Latin America and invest in infrastructure in the region, with a presidential visit planned for July, Chinese and Brazilians officials said on April 25, Reuters reported on April 26.

25.04.2014 Russia’s Rosneft investment in Far East to reach 79 billion rubles by 2015

Investments of Russian oil major company Rosneft will double to reach 79 billion rubles ($2.2 billion) in the Far Eastern Federal District by 2015, Rosneft President Igor Sechin said at a meeting of the governmental commission on socio-economic development of the Far Eas

23.04.2014 Ukrainian prime minister asks US’s Biden for investment in energy sector

Ukraine needs investments in the energy sector and is ready for widest cooperation with the U.S. and European companies in this sphere, Prime Minister of Ukraine Arseniy Yatseniuk has said after a meeting with U.S.

21.03.2014 Lukoil establishes subsidiary in northern Russian area

Oil major Lukoil is establishing a new regional subsidiary and prepares for the investment of €1,4 billion in the Nenets Autonomous Okrug, Barents Observer reported on March 20.

18.03.2014 Indonesia’s Pertamina allocates $3.7 billion for new production

State-owned oil and gas giant PT Pertamina has allocated a budget of US$3.75 billion to increase production of geothermal and oil and gas this year, Jakarta Post reported on March 17.

17.03.2014 Russian Lukoil invests $660 million in Uzbek gas projects in 2013

Russian National Company Lukoil invested $ 660 million in gas projects implementation in Uzbekistan in 2013 which is 38 percent higher than in 2012, corporate newspaper of "Lukoil Overseas" (operator of international upstream- projects of Russian company) reported, Trend

13.03.2014 Azerbaijani state fund to invest $2.5bn in new company to manage gas projects

The State Oil Fund of Azerbaijan is going to invest $2-2.5 billion into the company to be established to manage the gas projects Shah Deniz 2, TANAP and TAP, the Fund's executive director, Shakhmar Movsumov, has told the Azerbaijan Investment Summit in Baku.

04.03.2014 Mexico’s Pemex to invest $27.7 bn in 2014

Mexico's state-owned oil firm Petroleos Mexicanos, or Pemex, is planning to invest $27.7 billion in 2014, the most in its history and the vast majority of which will go toward crude oil exploration and production, EFE reported on March 3.