Subject to the new countries to stimulate economic recovery, the current global petrochemical industry more than a year ago and has been much of a change in Outlook.The prospect of the petrochemical industry in Brazil are still strong, he continued.Brazil a consultant at the recently held in Mexico City for the 29th annual meeting of the petrochemical industry in Latin America (23rd annual) said that Brazil, China and India are leading down the global economy.
It is learnt that the second quarter of the demand for petrochemical products in Brazil with a quarter of 1.9%, be the first in a global financial crisis recovery.The next few years Brazil petrochemical products will remain strong demand growth situation, because the country will host the World Cup in 2014 year, two years after the 2016 Olympic Games will be held again.
Nov. 22, 2009
Brazil said the Tupi oil reserves of up to 8 billion barrels
Brazil's state oil company said today, after the Tupi oil and gas fields discovered on estimates of reserves, the oil and natural gas reserves at about 5 billion -8 billion barrels of oil equivalent. Tupi oil and gas fields in the Americas region since the 70s of last century since the discovery of the largest oil and gas fields. The oil and gas fields of storage depth of approximately 2100 meters.
Tupi oil and gas field belong to BM-S-11 exploration areas, by the Brazilian National Petroleum holds 65%, British Gas Group, holding 25 percent, Portugal, Galp Energy Group holding 10%.
Nov. 14, 2009
Tupi oil and gas field belong to BM-S-11 exploration areas, by the Brazilian National Petroleum holds 65%, British Gas Group, holding 25 percent, Portugal, Galp Energy Group holding 10%.
Nov. 14, 2009
Saudi Aramco: global oil demand next year by 1.5 million barrels per day
According to media reports in London November 12, Saudi Arabia, the state-owned oil giant Saudi Arabian Oil Company (Saudi Aramco Company) chief executive officer Khalid Salih France a few days ago, said in an interview, due to the global economic recovery, global oil demand Starting in 2010, may be growing from one million to 1.5 million barrels. However, the law Saleh added that there is no need for Saudi Arabia to increase oil production capacity.
France Salih predicted increase in global oil demand next year, the number far exceeds the Petroleum Exporting Countries (OPEC) has recently made global oil demand next year by 750,000 barrels a day forecast, but next year, the International Energy Agency recently made the world's oil demand will increase 1.42 million barrels a day forecast in line.
Nov. 13, 2009
France Salih predicted increase in global oil demand next year, the number far exceeds the Petroleum Exporting Countries (OPEC) has recently made global oil demand next year by 750,000 barrels a day forecast, but next year, the International Energy Agency recently made the world's oil demand will increase 1.42 million barrels a day forecast in line.
Nov. 13, 2009
IEA cuts 2030 global oil demand forecast
November 10 Paris news, because of the economic crisis cut oil consumption in developed countries, and environmental policies to encourage the use of alternative energy sources, the International Energy Agency (IEA) cut its global oil demand for long-term projections.
The International Energy Agency in its annual World Energy Outlook report says that world oil demand in 2003, before the year is expected to increase by 1%, from 85 million barrels in 2008 to 1.05 million barrels, but that figure was lower than last year, to make Global Day of 2030 required 1.06 million barrels of oil estimates.
The Paris-based International Energy Agency in its latest annual World Energy Outlook report says the global financial crisis and the ensuing economic downturn on prospects for the energy market has brought a significant impact on the world's total energy demand has been with the economic contraction The substantially reduced.
Nov. 11, 2009
The International Energy Agency in its annual World Energy Outlook report says that world oil demand in 2003, before the year is expected to increase by 1%, from 85 million barrels in 2008 to 1.05 million barrels, but that figure was lower than last year, to make Global Day of 2030 required 1.06 million barrels of oil estimates.
The Paris-based International Energy Agency in its latest annual World Energy Outlook report says the global financial crisis and the ensuing economic downturn on prospects for the energy market has brought a significant impact on the world's total energy demand has been with the economic contraction The substantially reduced.
Nov. 11, 2009
Saudi oil in the next 10 years will be 4 trillion U.S. dollars of income
According to Arab media reports in Riyadh November 7, Deutsche Bank recently released an analysis report that, in accordance with the current oil prices in 2011 forecast of 85 U.S. dollars a barrel, and oil prices in the next 10 years, an average annual increase 5% and appropriate to ensure continued Nissan 10 million barrels of oil, Saudi Arabia's oil in the next 10 years their economy will be 4 trillion in revenue.
Reported that Saudi Arabia is the world's leading oil-exporting countries, the country has accounted for more than 20% of the world's proven oil reserves and large quantities of natural gas reserves. The report said: "If according to Deutsche Bank in 2011 made by 85 U.S. dollars per barrel oil price forecasts, we estimate that the increase in oil prices in 2011 on the Saudi economy will be bringing an additional 60 billion U.S. dollars in revenue."
Reported that the next 5 to 10 years of strong oil prices will allow the Saudi government to continue its diversification efforts and to promote non-oil economy. In Saudi Arabia, such as power generation, telecommunications, gas and petrochemical industries, as in the next 10 years will benefit from the rising oil prices benefit, which will also help to increase employment opportunities.
Nov. 9, 2009
Reported that Saudi Arabia is the world's leading oil-exporting countries, the country has accounted for more than 20% of the world's proven oil reserves and large quantities of natural gas reserves. The report said: "If according to Deutsche Bank in 2011 made by 85 U.S. dollars per barrel oil price forecasts, we estimate that the increase in oil prices in 2011 on the Saudi economy will be bringing an additional 60 billion U.S. dollars in revenue."
Reported that the next 5 to 10 years of strong oil prices will allow the Saudi government to continue its diversification efforts and to promote non-oil economy. In Saudi Arabia, such as power generation, telecommunications, gas and petrochemical industries, as in the next 10 years will benefit from the rising oil prices benefit, which will also help to increase employment opportunities.
Nov. 9, 2009
ASCI oil companies interested in using the price of crude oil as an export base
Argus's head of U.S. operations, said Thursday Euan Craik, Latin America and the Middle East, major oil companies have stated their positions, said there is "strong interest" to switch to Argus of the US. Sour Crude Index (ASCI) index, as its exports of crude oil price benchmarks. Earlier, Saudi Arabia has decided to use the index.
Craik refused to disclose the country is considering making changes name, but he described that (their) interest is "unprecedented." "It feels like an upheaval. From our experience point of view, as it is an unprecedented event." Craik said in a telephone interview.
Last week, Saudi Arabia to give up the West Texas Intermediate crude oil (WTI) crude oil price as the price of its exported to the U.S. benchmark WTI U.S. Gulf of Mexico area due to the market environment increasingly out of touch people feel frustrated. Saudi Arabia to switch to English Argus index Argus company is a major success, the company for the physical energy market price assessment of the competitors, including the McGraw-Hill's cause of Platts.
Nov. 7, 2009
Craik refused to disclose the country is considering making changes name, but he described that (their) interest is "unprecedented." "It feels like an upheaval. From our experience point of view, as it is an unprecedented event." Craik said in a telephone interview.
Last week, Saudi Arabia to give up the West Texas Intermediate crude oil (WTI) crude oil price as the price of its exported to the U.S. benchmark WTI U.S. Gulf of Mexico area due to the market environment increasingly out of touch people feel frustrated. Saudi Arabia to switch to English Argus index Argus company is a major success, the company for the physical energy market price assessment of the competitors, including the McGraw-Hill's cause of Platts.
Nov. 7, 2009
Asia-Pacific region by 2030 in the energy sector need to invest 8 trillion U.S. dollars
The Asian Development Bank (ADB) on November 5, 2009 released a report that the Asia-Pacific region from 2005 to 2030 in order to enhance and expand the energy system, we must invest in 7 to 9.7 trillion dollars, an average of 8 trillion dollars, in order to meet rapidly growing demand for energy. Asia-Pacific region's energy projections indicate that between 2005 and 2030, energy demand in the region the average annual growth rate of 2.4%, higher than the world average of 1.5%.
Report that the Asia-Pacific region by 2030, nearly 80% of the energy demand will have to be from fossil fuels: coal, oil and natural gas to meet, which will promote the growth of carbon dioxide emissions. Net imports of oil is expected to significantly increase in 2030 net import levels in 2005, turned almost doubled. The report, issued jointly by the ADB and the Asia-Pacific Economic Cooperation.
Energy Statistics report found that the Asia-Pacific region in 2006 the world's total consumption of primary energy supply to 34%, but the per capita generation capacity of 1,800 kWh, still higher than the world average of 2,870 kWh less 37%.
Nov. 6, 2009
Report that the Asia-Pacific region by 2030, nearly 80% of the energy demand will have to be from fossil fuels: coal, oil and natural gas to meet, which will promote the growth of carbon dioxide emissions. Net imports of oil is expected to significantly increase in 2030 net import levels in 2005, turned almost doubled. The report, issued jointly by the ADB and the Asia-Pacific Economic Cooperation.
Energy Statistics report found that the Asia-Pacific region in 2006 the world's total consumption of primary energy supply to 34%, but the per capita generation capacity of 1,800 kWh, still higher than the world average of 2,870 kWh less 37%.
Nov. 6, 2009
Saudi Arabia increased by 12 monthly export price of U.S. light crude oil
According to media reports in Tokyo November 2, the world's largest oil exporter Saudi Arabia, the state-owned oil giant Saudi Arabian Oil Company (Saudi Aramco Company) November 1, said the company has its customers in December benchmark crude oil exported to the U.S. Saudi Arabia light crude's official selling price increased 0.85 U.S. dollars per barrel. At the same time, Saudi Aramco company also exports its December benchmark for Asian consumers of crude oil Saudi light crude's official selling price increased 0.35 U.S. dollars per barrel.
Nov. 3, 2009
Nov. 3, 2009
Oil prices break through 100 U.S. dollars next year, may again
October 6 New York news, the U.S. investment bank Merrill Lynch & Co. October 5 said that due to increased demand in emerging markets and "loose" monetary policy has led to depreciation of the dollar, oil prices are likely to break again in 2010, a large 100 U.S. dollars off.
Merrill Lynch & Co. led to Francis Cobb branch analysis of the experts writing in the Merrill Lynch Global Energy Weekly, said that next year the global economy will grow 4.2%, while the world's spare oil production capacity can only meet the current needs of 5%. Therefore, the price of oil in the 4th quarter of next year are likely to rise to Merrill Lynch & Co. had predicted the level of 82 U.S. dollars a barrel.
Reported that the absence of reducing global oil demand or supply of strong policy action in an unexpected increase in the OECD member countries continue to implement a very loose monetary policy may eventually bring oil prices pushed up again in 2011 to more than 100 U.S. dollars a barrel.
Oct. 11, 2009
Merrill Lynch & Co. led to Francis Cobb branch analysis of the experts writing in the Merrill Lynch Global Energy Weekly, said that next year the global economy will grow 4.2%, while the world's spare oil production capacity can only meet the current needs of 5%. Therefore, the price of oil in the 4th quarter of next year are likely to rise to Merrill Lynch & Co. had predicted the level of 82 U.S. dollars a barrel.
Reported that the absence of reducing global oil demand or supply of strong policy action in an unexpected increase in the OECD member countries continue to implement a very loose monetary policy may eventually bring oil prices pushed up again in 2011 to more than 100 U.S. dollars a barrel.
Oct. 11, 2009
Kazakhstan's oil export capacity to consider expanding
September 25 News, Azerbaijan and Kazakhstan, Kazakhstan is seeking to expand the capacity of crude oil to the Black Sea, in order to meet the country's future oil production growth. According to the Azerbaijani state oil company SOCAR president Rovnag Abdullayev said that Kazakhstan and Azerbaijan will assess the existing pipeline Baku-Supsa oil pipeline, while the assessment of new oil pipeline linking the Black Sea.
According to government statistics, in 2008 Kazakhstan produced 70.6 million tons of oil and gas condensate, or 1.4 million barrels / day, an increase of 4.8%. By 2015 annual production will be more than 100 million tons, or 2 million barrels / day. At present, Kazakhstan is seeking to diversify export routes. Kazakhstan and Azerbaijan will be the future of a major transit point for oil exports.
Sep. 28, 2009
According to government statistics, in 2008 Kazakhstan produced 70.6 million tons of oil and gas condensate, or 1.4 million barrels / day, an increase of 4.8%. By 2015 annual production will be more than 100 million tons, or 2 million barrels / day. At present, Kazakhstan is seeking to diversify export routes. Kazakhstan and Azerbaijan will be the future of a major transit point for oil exports.
Sep. 28, 2009
BP: the current oil surplus production capacity can not make oil prices continue to rise
Media reporting from London, Europe's No. 2 oil company British Petroleum (BP) chief economist Christopher Ruhr 9 Yue said 21 of Petroleum Exporting Countries (OPEC) to control the oil market has been from non-OPEC oil-producing countries a large number of oil production weakened.
Ruhr Economic Research Institute in the United Kingdom at a seminar said that the oil market, the surplus oil production capacity can not make oil prices continue to rise. He said that OPEC made late last year from January 1 this year, from 4.2 million cut in oil production on the decision to stabilize oil prices, but the global economic downturn also reduce the demand for oil and further expand consumption and spare capacity of the the gap between.
He pointed out that OPEC can not be successfully controlled once the oil prices, there may be a substantial decline, which means that time may be difficult to maintain OPEC production quotas. He predicted oil prices may be stable for 2 years.
Sep. 23, 2009
Ruhr Economic Research Institute in the United Kingdom at a seminar said that the oil market, the surplus oil production capacity can not make oil prices continue to rise. He said that OPEC made late last year from January 1 this year, from 4.2 million cut in oil production on the decision to stabilize oil prices, but the global economic downturn also reduce the demand for oil and further expand consumption and spare capacity of the the gap between.
He pointed out that OPEC can not be successfully controlled once the oil prices, there may be a substantial decline, which means that time may be difficult to maintain OPEC production quotas. He predicted oil prices may be stable for 2 years.
Sep. 23, 2009
Kuwait: OPEC cuts next year or the
Kuwait's oil officials have recently said that the Petroleum Exporting Countries (OPEC) could cut crude oil production next year in response to market demand decline. He said that OPEC's Monthly Oil Market Report released the latest forecast, the international market next year, the average daily demand for OPEC crude than the reduction of 0.46 million barrels a day this year, which means that the organization might cut production to stabilize oil prices.
He said that OPEC's production cuts will be a challenge, because all member states look forward to as the global economic recovery next year, will increase crude oil production. OPEC's ministerial meeting on the 9th of this month decided to maintain the current crude oil production unchanged. The organization released 15 monthly report predicted that in 2010 the international market demand for OPEC oil will be 28.06 million barrels per day.
Sep. 20, 2009
He said that OPEC's production cuts will be a challenge, because all member states look forward to as the global economic recovery next year, will increase crude oil production. OPEC's ministerial meeting on the 9th of this month decided to maintain the current crude oil production unchanged. The organization released 15 monthly report predicted that in 2010 the international market demand for OPEC oil will be 28.06 million barrels per day.
Sep. 20, 2009
Russia hopes to foreign companies to help develop offshore oil field
MOSCOW, Russia's Deputy Minister of Natural Resources September 15, said Russia wants to foreign companies to help develop its huge offshore oil and gas reserves, because the Russian company could not complete the development of its own operations. The vice minister in remarks delivered before July, the Russian Natural Resources Minister said that Russia should consider amending the prohibition of foreign companies to participate in developing oil and gas reserves of law.
As oil prices since 2002, rose seven-fold, the Russian enact laws to prohibit foreign companies to participate in developing their own natural resources. Foreign companies are being forced to leave the implementation of projects. In 2006, Shell's Sakhalin -2 project give up control. In 2008, British Petroleum was forced to agree to Russia's Gazprom to sell gas field Kovykta control. As the global economic downturn and the drop in oil prices, Russian companies have to reduce this year's investment plans. Last year, foreign direct investment in Russia fell by 2.8% this year is expected to be further reduced.
Sep. 17, 2009
As oil prices since 2002, rose seven-fold, the Russian enact laws to prohibit foreign companies to participate in developing their own natural resources. Foreign companies are being forced to leave the implementation of projects. In 2006, Shell's Sakhalin -2 project give up control. In 2008, British Petroleum was forced to agree to Russia's Gazprom to sell gas field Kovykta control. As the global economic downturn and the drop in oil prices, Russian companies have to reduce this year's investment plans. Last year, foreign direct investment in Russia fell by 2.8% this year is expected to be further reduced.
Sep. 17, 2009
The U.S. plans to 31.5 billion U.S. dollars oil and gas industry tax collection
Recently, the Obama administration plans to the collection of oil and gas company 31.5 billion U.S. dollars in taxes, said the U.S. too much attention to oil and gas, leaving other industries pay the price. The U.S. Treasury Department's chief economist, said in testimony to the Senate, the Group of Experts, the current subsidies lead to over-investment in oil and gas industry. This is by far the most clearly related to the federal government want an end to domestic oil and gas production support the bill.
Alan Krueger of the expert group said the current U.S. oil and gas industry subsidies to encourage over-production of oil and gas, and accounts for the resources of other industries, but also with the Obama administration to reduce greenhouse gas emissions, develop new clean energy economy goals do not match.
American Petroleum Institute, president of Devon Energy Corp. Chief Executive Officer Larry Nichols said the expert group, which is very ridiculous, the current variety of energy research have shown the need to increase domestic energy sources, rather than oil and natural gas is the most important source of energy, so the fight against oil and natural gas production is utterly unjustifiable.
Sep. 14, 2009
Alan Krueger of the expert group said the current U.S. oil and gas industry subsidies to encourage over-production of oil and gas, and accounts for the resources of other industries, but also with the Obama administration to reduce greenhouse gas emissions, develop new clean energy economy goals do not match.
American Petroleum Institute, president of Devon Energy Corp. Chief Executive Officer Larry Nichols said the expert group, which is very ridiculous, the current variety of energy research have shown the need to increase domestic energy sources, rather than oil and natural gas is the most important source of energy, so the fight against oil and natural gas production is utterly unjustifiable.
Sep. 14, 2009
Guara oilfield in Brazil has more than 2 billion barrels of oil reserves
Rio de Janeiro, September 9 news, Brazil's national oil company (Petrobras) and Europe's second-largest oil company British Petroleum (BP) said here today, located in Brazil's offshore Santos Basin, Guara oilfield has 1.1-2 billion barrels of oil reserves . Guara oilfield's oil reserves will help to Brazil's proven oil reserves doubled.
Petrobras 9 Yue 8 said that the company has completed the Department of the mouth is located in the lower areas of salt found in well test operations, the company will build a production platform. Guara oilfield will be used with a daily output capacity of 120,000 barrels of crude oil floating production, storage and unloading oil tankers to develop, which may be an initial daily output of 50,000 barrels of oil equivalent, the field plans to begin oil production in 2012.
Sep. 10, 2009
Petrobras 9 Yue 8 said that the company has completed the Department of the mouth is located in the lower areas of salt found in well test operations, the company will build a production platform. Guara oilfield will be used with a daily output capacity of 120,000 barrels of crude oil floating production, storage and unloading oil tankers to develop, which may be an initial daily output of 50,000 barrels of oil equivalent, the field plans to begin oil production in 2012.
Sep. 10, 2009
Russia, in August the creation of a single month record in oil production
MOSCOW, September 2, as the world's No. 2 exporter of crude oil production in the Arctic, a new oil field and from the Petroleum Exporting Countries (OPEC) to seize more market share in Russia in August has created the highest monthly oil production a new record, an average of nearly 10 million barrels of daily output.
According to statistics, Russia in August produced an average 9.97 million barrels of oil more than 9.91 million barrels in July increased by 0.6% and compared with last year's 9.82 million barrels increase of 1.5%. Oil production there last year over the past 10 years, the first decline in Russia in 2009 to restore the oil production, Russia's largest oil company Rosneft's production this month, located in the Arctic region Vanke field.
Russia's No. 2 oil company LUKoil in August produced an average 1.86 million barrels of oil more than in July increased by 0.2%, while Russia's 3rd largest oil company TNK-BP's oil production in August increased by 2.2% compared with ring
Sep. 3, 2009
According to statistics, Russia in August produced an average 9.97 million barrels of oil more than 9.91 million barrels in July increased by 0.6% and compared with last year's 9.82 million barrels increase of 1.5%. Oil production there last year over the past 10 years, the first decline in Russia in 2009 to restore the oil production, Russia's largest oil company Rosneft's production this month, located in the Arctic region Vanke field.
Russia's No. 2 oil company LUKoil in August produced an average 1.86 million barrels of oil more than in July increased by 0.2%, while Russia's 3rd largest oil company TNK-BP's oil production in August increased by 2.2% compared with ring
Sep. 3, 2009
Uganda has recently discovered oil reserves may be more than 6 billion barrels
August 29, according to media reports in Kampala, the Ugandan Government in an official newspaper New Vision reported that August 28 reported that Uganda has recently discovered oil reserves for the time being set at 2 billion barrels, but because of the exploration operations will continue Therefore, Uganda, the discovery of oil reserves may be more than 6 billion barrels.
International oil companies so far have been in this East African country's oil sector has invested millions of dollars, they first start since 2000 in Uganda's western and northwestern areas of oil exploration activities. Uganda's New Vision newspaper quoted a senior geologist of the Department of Energy as saying, in so far drilled 34 wells, 32 wells drilled encountered oil or natural gas, the total proven reserves of oil may be more than 6 billion barrels.
If these projections prove to be correct, then Uganda will enter the oil-producing countries in Africa, the ranks of the oil reserves may be even more than is currently the first African three largest oil-producing countries of the Sudan.
Aug. 31, 2009
International oil companies so far have been in this East African country's oil sector has invested millions of dollars, they first start since 2000 in Uganda's western and northwestern areas of oil exploration activities. Uganda's New Vision newspaper quoted a senior geologist of the Department of Energy as saying, in so far drilled 34 wells, 32 wells drilled encountered oil or natural gas, the total proven reserves of oil may be more than 6 billion barrels.
If these projections prove to be correct, then Uganda will enter the oil-producing countries in Africa, the ranks of the oil reserves may be even more than is currently the first African three largest oil-producing countries of the Sudan.
Aug. 31, 2009
Russia plans to invest 1.9 trillion U.S. dollars to improve oil and gas production
MOSCOW, August 26, the Russian government's two news providers, said here today that Russia plans to invest 60 trillion before the year 2030 rubles (1.9 trillion U.S. dollars) to improve the stagnant domestic oil and gas production.
2 news provider said that the Russian energy exports in the Asian market share by 2030 from the present only 6% to 25%. One of them asked not to disclose the name of the news provider said that although the number will continue to increase, however, Russia's energy exports in the European market share will gradually decline.
Russian Energy Minister Sergei Bhishma Zitko said that the Russian energy strategy plan in 2030 will be Thursday by the Russian Prime Minister Vladimir Putin chaired a government meeting be amended. However, he did not provide any details.
In which one of its sources say that the plan is expected Russia's oil output by 2030 from 481.1 million tons in 2008 to 530 - 550 million tons. Natural gas production from last year's 665 billion cubic meters to 880 billion to 940 billion m3.
To this end, the Russian Government plans to show the total number of funds of up to 60 trillion rubles to increase oil and gas production, investment will account for the gross domestic product each year at 5% to 5.5%.
Aug. 27, 2009
2 news provider said that the Russian energy exports in the Asian market share by 2030 from the present only 6% to 25%. One of them asked not to disclose the name of the news provider said that although the number will continue to increase, however, Russia's energy exports in the European market share will gradually decline.
Russian Energy Minister Sergei Bhishma Zitko said that the Russian energy strategy plan in 2030 will be Thursday by the Russian Prime Minister Vladimir Putin chaired a government meeting be amended. However, he did not provide any details.
In which one of its sources say that the plan is expected Russia's oil output by 2030 from 481.1 million tons in 2008 to 530 - 550 million tons. Natural gas production from last year's 665 billion cubic meters to 880 billion to 940 billion m3.
To this end, the Russian Government plans to show the total number of funds of up to 60 trillion rubles to increase oil and gas production, investment will account for the gross domestic product each year at 5% to 5.5%.
Aug. 27, 2009
Iran, the discovery of new giant oil fields
According to media reports in Tehran August 21, due to the new government's composition, the outgoing Iranian Oil Minister Gholam Hussein Nozari August 18 in Tehran announced that Iran recently discovered a giant oil field .
Nozari is to accept Iran's semi-official news agency Fars News Agency reporter announced the discovery. According to Fars News Agency said the underground deposits of oil giant of "more than 20 trillion barrels of" oil reserves. In addition, the giant oil field still bears 11.37 trillion cubic feet of natural gas.
Nozari added that the giant oil fields in the correct position and the proper reserves, and other information will soon be announced. Nozari said that Iran in the past four years, the first major oil discovery in 17.
Aug. 24, 2009
Nozari is to accept Iran's semi-official news agency Fars News Agency reporter announced the discovery. According to Fars News Agency said the underground deposits of oil giant of "more than 20 trillion barrels of" oil reserves. In addition, the giant oil field still bears 11.37 trillion cubic feet of natural gas.
Nozari added that the giant oil fields in the correct position and the proper reserves, and other information will soon be announced. Nozari said that Iran in the past four years, the first major oil discovery in 17.
Aug. 24, 2009
Mexico plans to drill in the country south of 200 new wells
Mexico City August 19 news, the Mexican national oil company (Pemex), said here today that as a result of the Mexican national oil company has been working to stabilize the declining oil production, therefore, the company today is a global search for contractors in the country's southern region 200 new wells drilled. According to Mexican government procurement network Compranet published paper, which the 200 new wells planned for drilling operations started early in October this year, the entire drilling process will last for 3 years.
Although oil prices in late 2008 and early 2009 fell sharply, however, the national oil company of Mexico continued to increase investment in oil and gas exploration operations in the United States and Canada, operating in major markets such as the amount of time to substantially reduced, including Halliburton and Schlumberger Company well-known abroad, including oil services companies in Mexico to provide opportunities for oil and gas operations.
Aug. 21, 2009
Although oil prices in late 2008 and early 2009 fell sharply, however, the national oil company of Mexico continued to increase investment in oil and gas exploration operations in the United States and Canada, operating in major markets such as the amount of time to substantially reduced, including Halliburton and Schlumberger Company well-known abroad, including oil services companies in Mexico to provide opportunities for oil and gas operations.
Aug. 21, 2009
Qatar oil and gas capacity in 2014 reached 5 million barrels of oil equivalent
According to media Doha August 17 reported that the Qatar News Agency today quoted the country's oil sector, a senior official as saying that oil and gas capacity in Qatar in 2014 will reach 5 million barrels of oil equivalent, Qatar, the planned expansion of a number of energy projects will be completed in 2014.
Reuters quoted Qatar Petroleum oil and gas project manager as saying that the world's largest liquefied natural gas (LNG) exporter in 2014 in the Nissan prior to 23 billion cubic feet of natural gas. He said that Qatar is expected to be 2014 before the annual production capacity of 12 million tons of propane and butane, the country's total output of petrochemical products by 2015 will reach 4.3 million tons.
According to a Reuters survey, the smallest OPEC oil-producing countries in July the average daily output 710,000 barrels of oil. At present annual output of 45 million tons of LNG, Qatar intends to achieve in 2010 an annual output of 77 million tons LNG can.
Aug. 19, 2009
Reuters quoted Qatar Petroleum oil and gas project manager as saying that the world's largest liquefied natural gas (LNG) exporter in 2014 in the Nissan prior to 23 billion cubic feet of natural gas. He said that Qatar is expected to be 2014 before the annual production capacity of 12 million tons of propane and butane, the country's total output of petrochemical products by 2015 will reach 4.3 million tons.
According to a Reuters survey, the smallest OPEC oil-producing countries in July the average daily output 710,000 barrels of oil. At present annual output of 45 million tons of LNG, Qatar intends to achieve in 2010 an annual output of 77 million tons LNG can.
Aug. 19, 2009
IEA: Oil output in Nigeria dropped to its lowest level in 20 years
International Energy Agency (IEA) has said that Nigeria's current oil production has fallen over the past 20 years the country to the lowest level. The Nigerian government in June agreed to implement the amnesty to end violence in the Niger Delta region activities in Nigeria is almost no positive impact on oil production.
International Energy Agency in its monthly oil market, said in July the International Energy Agency estimated that the average Nigerian crude oil production 1.68 million barrels, more than in June crude oil production decreased by 4 million barrels a day and far below the Government's assumption of Nigeria 3,000,000 barrels per day capacity.
In the Niger Delta region of swamps and rivers of oil companies operating in the past few years by local militants had been a serious constraint, the local militants have been most in the search for local control of oil wealth.
Aug. 16, 2009
International Energy Agency in its monthly oil market, said in July the International Energy Agency estimated that the average Nigerian crude oil production 1.68 million barrels, more than in June crude oil production decreased by 4 million barrels a day and far below the Government's assumption of Nigeria 3,000,000 barrels per day capacity.
In the Niger Delta region of swamps and rivers of oil companies operating in the past few years by local militants had been a serious constraint, the local militants have been most in the search for local control of oil wealth.
Aug. 16, 2009
Iraq oil exports in July hit a record high
Iraq's State Oil Marketing Organization Farah has announced that in July this year on Iraq's oil export volume has increased to 2.037 million barrels a day, for the war in Iraq since 2003, the highest on record.
Reports indicate that this year, Iraq's energy production to increase oil production enterprises and a substantial increase in the volume of crude oil exports to Japan, in addition to the international crude oil market continues to rise in oil prices. These factors make the Iraqi government revenue continues to grow. This has provided the Iraqi government more funds to promote economic plan to rebuild the country. According to the Iraqi Oil Ministry to develop ten-year development plan, Iraq's crude oil output in 2013 from the current 2.4 million barrels to 450 million barrels per day.
Aug. 11, 2009
Reports indicate that this year, Iraq's energy production to increase oil production enterprises and a substantial increase in the volume of crude oil exports to Japan, in addition to the international crude oil market continues to rise in oil prices. These factors make the Iraqi government revenue continues to grow. This has provided the Iraqi government more funds to promote economic plan to rebuild the country. According to the Iraqi Oil Ministry to develop ten-year development plan, Iraq's crude oil output in 2013 from the current 2.4 million barrels to 450 million barrels per day.
Aug. 11, 2009
India, in 2014 the degree of dependence on oil imports will reach 80%
News August 6, India, vice minister of Ministry of Oil said Thursday Jitin Prasada, India is expected to import crude oil dependence in the April 1, 2014 fiscal year starting from the closing of the March 31, 2009 the previous financial increased to 77% of the annual total demand of about 80%.
Jitin Prasada letter to the House of Representatives of the legislators said that India's recent financial year, net imports of crude oil increased by more than 6 percent last year to 1.0951 million tons or 2.19 million barrels a day. He said that the 4-June last year, the import volume increased by 15% to 2,832 million tons. Government of India will take several measures to reduce the country's import dependence, including the auction more oil and gas exploration block to prevent the decline in output of aging oil fields.
Aug. 8, 2009
Jitin Prasada letter to the House of Representatives of the legislators said that India's recent financial year, net imports of crude oil increased by more than 6 percent last year to 1.0951 million tons or 2.19 million barrels a day. He said that the 4-June last year, the import volume increased by 15% to 2,832 million tons. Government of India will take several measures to reduce the country's import dependence, including the auction more oil and gas exploration block to prevent the decline in output of aging oil fields.
Aug. 8, 2009
Nigeria embarked on the reform of the petroleum industry
Federal Government of Nigeria recently announced a draft oil and gas reform, if passed by Parliament, will serve as new legal norms in the country oil and gas industry. Owing to the importance of Nepal and the two boards, respectively, before the Subcommittee held a hearing on foreign oil companies can take advantage of this opportunity to raise public criticism and questions.
In accordance with federal requirements, relevant departments of the drafting of a new Nigeria's oil and natural gas bills. The core of the reform is to promote the privatization of the oil industry, while strengthening the supervision of foreign countries in order to change the situation of long-term poor management. Bill includes the following major provisions:
First, the state-owned Nigerian National Petroleum Corporation (NNPC) will be divided into several independent companies, including a dedicated pursuit of the national oil company profits; national oil companies can raise funds by listing no longer rely on existing Government financial input; national oil company initially 100% owned by the Government, but the future may be open to the Nigerian part of the shares.
Second, some deep-sea oil production contracts, the need to renegotiate, the federal government can charge higher royalties and taxes; next signed a contract oil and gas development and production should be added to the "renegotiation" clause.
Third, the Government has the right to oil exploration for a long time the land is not available to new foreign investors, development and exploration is not forthcoming in the ranks; encouraging national oil companies and foreign oil companies at least 50% of the exploitation of crude oil to stay extraction in Nigeria.
Fourth, the establishment of the National Petroleum Authority, the Ministry of Oil to replace the original, the establishment of industries to upstream, midstream and downstream at the same time monitoring the implementation of the specialized agencies.
Aug. 5, 2009
In accordance with federal requirements, relevant departments of the drafting of a new Nigeria's oil and natural gas bills. The core of the reform is to promote the privatization of the oil industry, while strengthening the supervision of foreign countries in order to change the situation of long-term poor management. Bill includes the following major provisions:
First, the state-owned Nigerian National Petroleum Corporation (NNPC) will be divided into several independent companies, including a dedicated pursuit of the national oil company profits; national oil companies can raise funds by listing no longer rely on existing Government financial input; national oil company initially 100% owned by the Government, but the future may be open to the Nigerian part of the shares.
Second, some deep-sea oil production contracts, the need to renegotiate, the federal government can charge higher royalties and taxes; next signed a contract oil and gas development and production should be added to the "renegotiation" clause.
Third, the Government has the right to oil exploration for a long time the land is not available to new foreign investors, development and exploration is not forthcoming in the ranks; encouraging national oil companies and foreign oil companies at least 50% of the exploitation of crude oil to stay extraction in Nigeria.
Fourth, the establishment of the National Petroleum Authority, the Ministry of Oil to replace the original, the establishment of industries to upstream, midstream and downstream at the same time monitoring the implementation of the specialized agencies.
Aug. 5, 2009
U.S. commercial crude oil inventories last week rose 4.1 million barrels
July 28 New York news, the American Petroleum Institute (API) 7 28 in here, due to increased imports of crude oil and the oil refineries to reduce their volume of crude oil processed last week, U.S. crude oil inventories have increased accidents . American Petroleum Institute in its report a week, said that the U.S. commercial crude oil inventories last week increased by 4.1 million barrels, the total commercial inventories of crude oil reached 3.524 million barrels, the same period last year increased the inventory levels of 49.8 million barrels a day.
According to Reuters, industry analysts recently made a survey of oil analysts had expected U.S. commercial crude oil last week, the Treasury will be reduced by 1.3 million barrels a day. Petroleum Institute in the United States after the publication of the current weekly U.S. crude oil prices dropped 1.67 U.S. dollars a barrel, fell to 66.71 U.S. dollars.
Jul. 30, 2009
According to Reuters, industry analysts recently made a survey of oil analysts had expected U.S. commercial crude oil last week, the Treasury will be reduced by 1.3 million barrels a day. Petroleum Institute in the United States after the publication of the current weekly U.S. crude oil prices dropped 1.67 U.S. dollars a barrel, fell to 66.71 U.S. dollars.
Jul. 30, 2009
OPEC worried about the next few weeks will be a sharp decline in oil prices
Organization of Petroleum Exporting Countries (OPEC) is prepared the next few weeks a drastic drop in oil prices due to the large number of petroleum-based fuels continues to increase reserves and storage of these fuels will be finished consumption. U.S. diesel fuel inventories and civilian for 24 years at the highest level, as from the industry and by the global economic downturn hit consumer demand strong enough. Futures market traders make very profitable storage of these fuels.
So far, OPEC cut production by large-scale to prevent the continued drop in oil prices, the United States has ignored the over-supply of oil, but from the rising stock market and investor expectations of economic recovery in the price of finding clues. However, if the expected economic upturn has not materialized for the large number of absorbing the growing supply of these forces, as some OPEC officials are worried that as the supply will be more large-scale growth, then despite the efforts of OPEC will be. However, oil prices will inevitably fall sharply affected.
24, the New York Mercantile Exchange crude oil futures rose 89 cents to 68.05 U.S. dollars / barrel.
A senior OPEC official said, when people realize that the dawn of recovery does not arise, "such a large number of storage will become a drag on fuel prices a major factor." Such concerns are part of OPEC members to consider further production cuts. OPEC has not ruled out the official September 9 at the next policy meeting on the agreement reached in production.
Jul. 25, 2009
So far, OPEC cut production by large-scale to prevent the continued drop in oil prices, the United States has ignored the over-supply of oil, but from the rising stock market and investor expectations of economic recovery in the price of finding clues. However, if the expected economic upturn has not materialized for the large number of absorbing the growing supply of these forces, as some OPEC officials are worried that as the supply will be more large-scale growth, then despite the efforts of OPEC will be. However, oil prices will inevitably fall sharply affected.
24, the New York Mercantile Exchange crude oil futures rose 89 cents to 68.05 U.S. dollars / barrel.
A senior OPEC official said, when people realize that the dawn of recovery does not arise, "such a large number of storage will become a drag on fuel prices a major factor." Such concerns are part of OPEC members to consider further production cuts. OPEC has not ruled out the official September 9 at the next policy meeting on the agreement reached in production.
Jul. 25, 2009
China, Ecuador to negotiate again with the "loans-for-oil"
Ecuador Economy Minister Diego Borja policy Monday that negotiations with China is a two-year oil supply contract, Ecuador would receive one billion U.S. dollars in advance.
After the negotiated agreement, it will be the sixth this year to pen "loans-for-oil" agreement. Prior to China one after another with Russia, Venezuela, Angola, Kazakhstan and Brazil, the five countries signed a total of up to 45 billion U.S. dollars of "loans-for-oil" agreement. Under these agreements, the next 15-20 years, China will be the country's oil to provide loans in exchange for about 30 million tons per year of crude oil supply.
Borja said that one billion U.S. dollars is a down payment on the sale of oil. Ecuador plans to level the day of oil daily supply of 96,000 barrels per day in China for a period of 24 months.
Jul. 21, 2009
After the negotiated agreement, it will be the sixth this year to pen "loans-for-oil" agreement. Prior to China one after another with Russia, Venezuela, Angola, Kazakhstan and Brazil, the five countries signed a total of up to 45 billion U.S. dollars of "loans-for-oil" agreement. Under these agreements, the next 15-20 years, China will be the country's oil to provide loans in exchange for about 30 million tons per year of crude oil supply.
Borja said that one billion U.S. dollars is a down payment on the sale of oil. Ecuador plans to level the day of oil daily supply of 96,000 barrels per day in China for a period of 24 months.
Jul. 21, 2009
Both Iran and Iraq signed a memorandum of understanding on energy cooperation
According to media in Tehran on July 16 reported that the Iranian Oil Ministry's official news website SHANA reported today that Iran and Iraq have signed on energy cooperation and joint development of oil and gas fields there were two memorandums of understanding.
SHANA said the first memorandum of understanding in the afternoon of July 15 in a National Iranian Oil Company officials and the Iraqi Ministry of Oil, an adviser to three days between the signing of the negotiations. According to the memorandum of understanding on behalf of the two sides agreed to study the exchange to determine the framework of energy cooperation. SHANA said, adding that the first two of the main contents of the memorandum of understanding is mutual between the management and development of oil and gas fields jointly owned.
Jul. 17, 2009
SHANA said the first memorandum of understanding in the afternoon of July 15 in a National Iranian Oil Company officials and the Iraqi Ministry of Oil, an adviser to three days between the signing of the negotiations. According to the memorandum of understanding on behalf of the two sides agreed to study the exchange to determine the framework of energy cooperation. SHANA said, adding that the first two of the main contents of the memorandum of understanding is mutual between the management and development of oil and gas fields jointly owned.
Jul. 17, 2009
PetroChina to buy 49% in Osaka, Japan, shares of oil refinery
July 10 Beijing News, China has approved the China National Petroleum Company Limited (PetroChina), Japan's largest oil refining companies to buy Japanese oil refinery has a stake in Osaka in order to finalize the national energy giant in China's first overseas refinery 2 plant to take over.
China's National Development and Reform Commission on July 10 at its official website said that China Petroleum and Nippon Oil to buy new shares under the Osaka refinery project in June this year has been China's National Development and Reform Commission approval, but the site does not provide any details.
Industry officials have said that China's oil and new oil is expected to be in Japan by the end of June this year, before and after the signing of a final agreement, according to the agreement, China will buy with a day of oil processing capacity of 115,000 barrels of crude oil refinery in Osaka for 49% of the shares.
Under China National Petroleum, through its wholly-owned trading subsidiary of the China United Oil Corporation (Chinaoil) in the past few years Japan has been working with oil companies to negotiate a new agreement of crude oil processed, as the world's 3 largest oil-consuming countries, Japan is facing a significant decline in domestic fuel demand China plans to use Japan's largest oil refinery oil refinery owned by the remaining capacity.
The agreement will allow the China National Petroleum is responsible for all of Osaka, the supply of crude oil refinery and petroleum product sales.
Asia's largest oil and gas company China National Petroleum production in May this year had announced that the company will be the price of 1.02 billion U.S. dollars to buy oil company in Singapore to expand 45.5 percent stake in the company's refining capacity abroad.
Jul. 13, 2009
China's National Development and Reform Commission on July 10 at its official website said that China Petroleum and Nippon Oil to buy new shares under the Osaka refinery project in June this year has been China's National Development and Reform Commission approval, but the site does not provide any details.
Industry officials have said that China's oil and new oil is expected to be in Japan by the end of June this year, before and after the signing of a final agreement, according to the agreement, China will buy with a day of oil processing capacity of 115,000 barrels of crude oil refinery in Osaka for 49% of the shares.
Under China National Petroleum, through its wholly-owned trading subsidiary of the China United Oil Corporation (Chinaoil) in the past few years Japan has been working with oil companies to negotiate a new agreement of crude oil processed, as the world's 3 largest oil-consuming countries, Japan is facing a significant decline in domestic fuel demand China plans to use Japan's largest oil refinery oil refinery owned by the remaining capacity.
The agreement will allow the China National Petroleum is responsible for all of Osaka, the supply of crude oil refinery and petroleum product sales.
Asia's largest oil and gas company China National Petroleum production in May this year had announced that the company will be the price of 1.02 billion U.S. dollars to buy oil company in Singapore to expand 45.5 percent stake in the company's refining capacity abroad.
Jul. 13, 2009
OPEC: oil prices can not be present to encourage investment
The media in Vienna July 8 reported that the Organization of Petroleum Exporting Countries (OPEC) Secretary-General Abdallah July 8 Badri said here today that the OPEC oil prices on the current comfort, but the current oil prices do not encourage further investment.
OPEC is in the annual report of the organization said. OPEC also in the report of its 5-year forecast to cut investment in oil field about 50 billion U.S. dollars.
Badri in the report to the media, said that the current oil prices are another comfort people, but the price does not encourage the oil to new oil production capacity for further investment.
Oil prices from the most recent in December last year, when 32 U.S. dollars per barrel rose to around 70 U.S. dollars a barrel, but oil prices a year ago is still far below the 147 U.S. dollars per barrel hit a record high.
Badri in response to a reporter's question on whether OPEC would like to cut production of this issue, said: "We would like to see oil prices can no longer meet our investment level, but the reduction or increase in oil production by OPEC members is the decision of the Council of Ministers a decision. "
Jul. 9, 2009
OPEC is in the annual report of the organization said. OPEC also in the report of its 5-year forecast to cut investment in oil field about 50 billion U.S. dollars.
Badri in the report to the media, said that the current oil prices are another comfort people, but the price does not encourage the oil to new oil production capacity for further investment.
Oil prices from the most recent in December last year, when 32 U.S. dollars per barrel rose to around 70 U.S. dollars a barrel, but oil prices a year ago is still far below the 147 U.S. dollars per barrel hit a record high.
Badri in response to a reporter's question on whether OPEC would like to cut production of this issue, said: "We would like to see oil prices can no longer meet our investment level, but the reduction or increase in oil production by OPEC members is the decision of the Council of Ministers a decision. "
Jul. 9, 2009
Sale of new exploration permits in India was 10 billion U.S. dollars investment
According to Norwegian media, New Delhi, July 2 reported that India's economic survey recently released statistics show that as of April 1 this year so far, India's new exploration licensing policy to sell (Nelp) the total number of tenders have been as high as 10 billion U.S. dollars promise of exploration investment.
Nelp system in India since 1999 have been signed since the implementation of 203 production sharing agreement, so that India's domestic oil and gas exploration area has increased by 3 times.
Statistical data also shows that by 10 billion U.S. dollars of investment in exploration, has invested 5.2 billion U.S. dollars to develop new oil and gas found, for example, is located in Krishna - Godavari basin D6 block, as well as the company Cairn Energy Mangala Rajasthan was found.
Jul. 5, 2009
Nelp system in India since 1999 have been signed since the implementation of 203 production sharing agreement, so that India's domestic oil and gas exploration area has increased by 3 times.
Statistical data also shows that by 10 billion U.S. dollars of investment in exploration, has invested 5.2 billion U.S. dollars to develop new oil and gas found, for example, is located in Krishna - Godavari basin D6 block, as well as the company Cairn Energy Mangala Rajasthan was found.
Jul. 5, 2009
CNPC won the bid and BP joint oil projects in Iraq
According to Japan's Kyodo news agency reported that on the 30th held in the Iraqi capital of Baghdad Iraq eight large-scale oil and gas field development project bids in the international oil giant, "British Petroleum (BP)" and "China National Petroleum Corporation (CNPC)" business of the Commonwealth won the first, located in the southern part of the bid Rumaila oil fields. This is the first time in 40 years Iraq's official oil field development and opening up to foreign investment.
Reported that the bid including the northern part of Rumaila and Kirkuk oil fields, such as the development of six oil fields have been completed, accounting for about National's proven crude oil reserves (1150 billion barrels) of about one-third; and two have yet to develop the gas field. The bidding of the United States oil company Exxon Mobil, British Petroleum and so on, Japan's Nippon Oil, Petroleum Resources Development Corporation, INPEX Corporation, Mitsubishi has also been eligible to participate in bidding.
Iraq has proved the world's third largest crude oil reserves, oil production in 2008 for the Nissan about 240 million barrels per day. To ensure that the post-war reconstruction funds, the Government of Iraq has been to increase crude oil production, but the magnitude of the aging equipment, which began to try and have a solid capital and advanced technology of foreign companies to cooperate.
Iraq hopes that the oil field development in 2013 will increase the daily output to 400 million barrels per day. If the scheme is to achieve, may help to stabilize the price of crude oil in international markets.
But oil development is also accompanied by a number of risks: the local law and order situation is very unstable, relevant laws and regulations are not sound and Iraq remain opposed to foreign investment and opening up the views of oil field development.
Jul. 1, 2009
Reported that the bid including the northern part of Rumaila and Kirkuk oil fields, such as the development of six oil fields have been completed, accounting for about National's proven crude oil reserves (1150 billion barrels) of about one-third; and two have yet to develop the gas field. The bidding of the United States oil company Exxon Mobil, British Petroleum and so on, Japan's Nippon Oil, Petroleum Resources Development Corporation, INPEX Corporation, Mitsubishi has also been eligible to participate in bidding.
Iraq has proved the world's third largest crude oil reserves, oil production in 2008 for the Nissan about 240 million barrels per day. To ensure that the post-war reconstruction funds, the Government of Iraq has been to increase crude oil production, but the magnitude of the aging equipment, which began to try and have a solid capital and advanced technology of foreign companies to cooperate.
Iraq hopes that the oil field development in 2013 will increase the daily output to 400 million barrels per day. If the scheme is to achieve, may help to stabilize the price of crude oil in international markets.
But oil development is also accompanied by a number of risks: the local law and order situation is very unstable, relevant laws and regulations are not sound and Iraq remain opposed to foreign investment and opening up the views of oil field development.
Jul. 1, 2009
Japan and the United Arab Emirates oil reserves signed a joint agreement
Japanese media, Japan's Economy, Trade and Industry on the 25th and the United Arab Emirates Abu Dhabi National Oil Company on joint oil reserves in Japan reached a basic agreement.
Kyodo, the Japanese government will lease the new oil is located in the Japanese city of Kagoshima, southwestern Japan Kiire petroleum-based oil, with the Abu Dhabi National Oil Company joint reservoir. The latter will begin this fall Kiire oil storage base in 600 million liters of oil, which is equivalent to a day of oil consumption in Japan.
Under the agreement, day-to-day circumstances, the Abu Dhabi National Oil Company would own the oil as the oil tank through the oil base Kiire Japan and other Asian countries to supply oil; However, in natural disasters or other factors have led to Japan's oil imports the shortage of emergency situations, the Japanese can be given priority in the use of these reservoirs.
Kyodo said that Japan's crude oil imports, about a quarter from the United Arab Emirates. This is the first time the Japanese government to participate in the joint reservoir, designed to ensure a steady supply of oil, and to ensure that the oil field development in the UAE right.
Jun. 27, 2009
Kyodo, the Japanese government will lease the new oil is located in the Japanese city of Kagoshima, southwestern Japan Kiire petroleum-based oil, with the Abu Dhabi National Oil Company joint reservoir. The latter will begin this fall Kiire oil storage base in 600 million liters of oil, which is equivalent to a day of oil consumption in Japan.
Under the agreement, day-to-day circumstances, the Abu Dhabi National Oil Company would own the oil as the oil tank through the oil base Kiire Japan and other Asian countries to supply oil; However, in natural disasters or other factors have led to Japan's oil imports the shortage of emergency situations, the Japanese can be given priority in the use of these reservoirs.
Kyodo said that Japan's crude oil imports, about a quarter from the United Arab Emirates. This is the first time the Japanese government to participate in the joint reservoir, designed to ensure a steady supply of oil, and to ensure that the oil field development in the UAE right.
Jun. 27, 2009
Chavez urged Russia to help raise oil prices
June 22 news Caracas, Venezuela President Hugo Chavez in the Russian Federation addressed a letter from President Dmitry Medvedev urged Russia to cooperate in the oil price to 100 U.S. dollars a barrel.
According to Agence France-Presse reported that President Hugo Chavez said in his letter, the oil-producing countries the issue of oil prices should be together.
Chavez said June 20 that the letter will be forthcoming official visit to Russia, Vice-President of Venezuela Ramon Carrizalez to the Russian President Medvedev.
Jun. 23, 2009
According to Agence France-Presse reported that President Hugo Chavez said in his letter, the oil-producing countries the issue of oil prices should be together.
Chavez said June 20 that the letter will be forthcoming official visit to Russia, Vice-President of Venezuela Ramon Carrizalez to the Russian President Medvedev.
Jun. 23, 2009
Qatar: OPEC is unlikely to agree with the recent increase in oil production
Washington news, the oil minister of the Government of Qatar Abdullah Bin Hamad Al-Attiyah said on June 17, in spite of oil prices from continuing to rise since last winter, but the Organization of Petroleum Exporting Countries (OPEC) is unlikely recently agreed to increase crude oil production of the organization.
Attiyah was told Reuters made these remarks.
Attiyah in reply to Reuters reporters Ti Chu and De Youguan OPEC will consider whether the September meeting to raise crude oil production to curb the problem of rising oil prices, said: "I think the OPEC meeting in September will not increase crude oil production."
At the same time as the Government of Qatar's Al Attiyah, Deputy Prime Minister said that oil prices in December last year 30 U.S. dollars per barrel rose to more than 70 U.S. dollars by the factor of speculation-driven, global oil demand is still very weak, in this case, OPEC will not consider the issue of increase in oil production.
Jun. 19, 2009
Attiyah was told Reuters made these remarks.
Attiyah in reply to Reuters reporters Ti Chu and De Youguan OPEC will consider whether the September meeting to raise crude oil production to curb the problem of rising oil prices, said: "I think the OPEC meeting in September will not increase crude oil production."
At the same time as the Government of Qatar's Al Attiyah, Deputy Prime Minister said that oil prices in December last year 30 U.S. dollars per barrel rose to more than 70 U.S. dollars by the factor of speculation-driven, global oil demand is still very weak, in this case, OPEC will not consider the issue of increase in oil production.
Jun. 19, 2009
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