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2016-10-25 18:45:00

IRAN WANTS $200 BLN

IRAN WANTS $200 BLN

According to SHANA, a member of the Iranian parliament says Iran will need at least 130 billion dollars in fresh investment by foreign financiers by 2021 if it is to enhance its oil recovery.

Speaking to Shana, Mohammad Khaledi, who heads the parliament's nuclear and renewable energy committee and is a member of the assembly's energy committee, said Iran eyes to lure enough foreign investment in its upstream oil sector so that it can enhance recovery of oil from its reserves.

He said the 6th five-year development plan (2016-2021) has set a goal of absorbing 130 billion dollars in new investments in the upstream oil sector by 2021.

He further quoted Iranian Minister of Petroleum Bijan Zangeneh as saying that Iran would need at least 200 billion dollars of investment in its upstream and downstream sectors under the development plan.

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Earlier: 

IRANIAN OIL TO ASIA: 62% 

IRAN MIGHT COOPERATE 

IRAN & INDONESIA AGREEMENT 

TURKEY WANTS IRANIAN GAS 

SAUDI - IRAN COMPETITION 

IRAN NEED $50 BLN

 

 

Tags: IRAN, OIL, INVESTMENT

Chronicle:

IRAN WANTS $200 BLN
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CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

IRAN WANTS $200 BLN
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

IRAN WANTS $200 BLN
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

IRAN WANTS $200 BLN
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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