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
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
Subscribe to:
Posts (Atom)
