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
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