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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
2018, July, 12, 10:20:00

U.S. - EXXON - RUSSIA SANCTIONS

BLOOMBERG - Treasury Secretary Steven Mnuchin told a Texas judge that Exxon Mobil Corp. doesn’t have a right to see privileged documents related to a $2 million fine assessed against the energy company for violating sanctions related to Russia’s 2014 invasion of Ukraine.

IRAN ALLOCATES $255 B
2018, July, 12, 10:15:00

NORWAY'S OIL PRODUCTION: 1.747 MBD

NPD - Preliminary production figures for June 2018 show an average daily production of 1 747 000 barrels of oil, NGL and condensate, which is an increase of 88 000 barrels per day compared to May.

IRAN ALLOCATES $255 B
2018, July, 12, 10:10:00

NOVATEK'S PRODUCTION: +2.4%

NOVATEK - In the first half 2018, NOVATEK’s hydrocarbons production totaled 264.3 million barrels of oil equivalent (boe), including 32.93 billion cubic meters (bcm) of natural gas and 5,864 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 6.3 million boe, or by 2.4%, as compared to the first half 2017.

IRAN ALLOCATES $255 B
2018, July, 11, 09:35:00

OIL PRICE: NEAR $78 YET

REUTERS - Brent crude futures LCOc1 were down 75 cents, or 1 percent, at $78.11 a barrel by 0308 GMT, having fallen as low as $77.60. U.S. crude CLc1 was down 55 cents, or 0.7 percent, at $73.56.

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