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Saudi Aramco to Invest $35B in Oil Exploration, Development

State-owned oil giant Saudi Arabian Oil Co., known as Saudi Aramco, plans to invest $35 billion over the next five years in crude oil exploration and development in a bid to keep its oil production portfolio robust, ...

China to Invest $20M in Iranian Oil Fields

A Chinese firm will invest 20 billion dollars in the development of Iran's Azadegan and Yadavaran oil fields, Oil Minister Rostam Qassemi said.

Petrobras to Invest $500M in Argentina

Brazilian state-run energy giant Petroleo Brasileiro, or Petrobras, will invest $500 million in Argentina this year in an effort to boost production, Mines and Energy Minister Edison Lobao said Friday.

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