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. Last Updated: 07/27/2016

For the Record

Iraq has awarded Bashneft rights to develop its oil block 12, an oil official said on Thursday.
(Reuters)

The finance committee of Venezuela's National Assembly approved the conditions required for a $2 billion loan from Vneshekonombank for defense spending, El Nacional reported.
(Bloomberg)

No. 2 gas producer Novatek said on Thursday it signed an agreement with Magnitogorsk Iron & Steel Works to supply around 50 billion cubic meters of gas until 2022.
(Reuters)

President Vladimir Putin instructed the Russian Finance Ministry to take a positive approach to a request from Cyprus for a loan of 5 billion euros ($6.2 billion), Politis reported.
(Bloomberg)