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2014-03-05 16:38:00

IRAN ALLOCATES $255 B

IRAN ALLOCATES $255 B

Iran has announced how it will invest $255 billion ear marked for its oil and gas industry, in its five year development plan, according to news site Iran Oil & Gas.

The plan states that Iran will invest $155 billion in the development of its upstream sector. The money will be used to improve and upgrade production capacity at the country’s oil and gas fields. By September 2013, $42 billion of this money had already been invested, leaving $113 billion to be invested before 2016.

Iran’s midstream oil sector will receive $21 billion worth of investment over the coming years. The money will be used to build new oil and condensate refineries.

The country’s midstream gas sector will receive $41 billion of investment. The money will be used to expand existing gas fields as well as increasing the capacity of the countries gas pipelines. 
Iran will also invest around $38 billion in its petrochemicals industry.

Tags: IRAN, OIL, GAS

Chronicle:

IRAN ALLOCATES $255 B
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

IRAN ALLOCATES $255 B
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

IRAN ALLOCATES $255 B
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

IRAN ALLOCATES $255 B
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

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