The Abu Dhabi National Energy Company has decided to extend its share buyback program for another year, reported Khaleej Times, a move that is intended to support its share price. Last year the company secured approval from the Securities and Commodities Authority to repurchase from the market up to 10% of equity or 622.5 mn [...]

Saudi Aramco plans to invest over SAR450 bn (~$120 bn) in oil and petrochemical projects over the next five to six years, the company’s CEO Khalid Al-Falih told Al Arabiya news channel. The company intends to spend SAR225 bn ($60 bn) on the oil sector during the next five years, with the remaining funds invested [...]

Transnefteproduct, a subsidiary of Transneft, will raise by an average of 7.3% its tariffs for transportation of petroleum products in Russia and abroad, beginning on February 1, 2010.  The cost of transportation in Russia will rise by 7.9% on average. Transportation services for petroleum products in Russia will see prices rise by 8.1% on [...]

Leading Polish natural gas provider PGNiG, Russia’s Gazprom, and their joint venture EvRoPol GAZ have signed an agreement on cooperation, which provides for extension until 2045 of the contract on transporting gas to Western Europe across Polish territory using the Yamal-Europe pipeline. EvRoPOl GAZ is the operator of the Polish segment of the Yamal-Europe pipeline. [...]

Leading Polish natural gas provider PGNiG reached an agreement with Russia’s Gazprom on increasing imports of Russian gas, resolving remaining differences after a year of negotiations, and paving the way for an international agreement on gas supplies.
PGNiG has agreed to buy as much as 10.3 bn cubic meters of gas per year through 2037, while. [...]

Yantai Jereh Oilfield Services Group will issue 29 mn A-shares in the Shenzhen stock market at a price of CNY59.5 per share. Proceeds are to be used to expand production and service networks.