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Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2016-06-08 18:30:00

IRAN NEED $3 BLN

IRAN NEED $3 BLN

 

IRAN OIL GAS MAP

Bloomberg said, Iran is ramping up its energy industry after international sanctions restricting its access to financing and global oil markets were lifted in January. Since then, the country has boosted oil output to near pre-sanctions levels and raised natural gas production at the South Pars gas field on the Gulf coast. Siraf will produce naphtha, mainly used in chemical plants, from condensate, a liquid oil found in the vast offshore gas deposits.

"The project is based on a decision to turn condensate within the country to products with higher added value and avoid its sale as raw material," Sadeghabadi said. "Despite anticipated high supply of naphtha, there will be a proportionate high demand for naphtha with its extensive application in plastic-based products."

Eight plants

The Siraf project will consist of eight plants, each with a capacity of 60,000 barrels a day of condensate. The refineries will start in about three years, before reaching full capacity in four years, Sadeghabadi said. "It can be said Japan and South Korea are the focal points of Asian countries' interest to invest in Siraf."

The plants will target Asia's growing demand for refined oil products and will seek to supply chemical producers in South Korea and Japan. Beyond that, Iran aims to develop its own chemicals industry that will allow it to make more advanced products, such as plastics, that will bring in greater income than raw materials, Sadeghabadi said.

Petrochemical projects planned in Siraf would use naphtha from the refineries, he said. "It is not our aim to export naphtha in its raw form to the market indefinitely and we plan to turn naphtha to final products and export products with more value added."

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Earlier: 

IRAN WILL NOT FREEZE 

IRANIAN - INDIAN COOPERATION 

IRAN NEED SHIPS 

IRAN WILL CONTINUE 

IRANIAN GAS UP BY 15% 

DOUBLE IRANIAN LPG

 

 

 

 

Tags: IRAN, OIL, GAS, INVESTMENT
IRAN NEED $3 BLN September, 20, 09:05:00

OIL PRICE: ABOVE $55 YET

IRAN NEED $3 BLN September, 20, 09:00:00

GAS PRICES UP TO $3.146

IRAN NEED $3 BLN September, 20, 08:55:00

ЦЕНА URALS: $51,81591

IRAN NEED $3 BLN September, 20, 08:50:00

U.S. OIL + 79 TBD, GAS + 788 MCFD

IRAN NEED $3 BLN September, 20, 08:45:00

RENEWABLE'S FUTURE

IRAN NEED $3 BLN September, 20, 08:40:00

TOTAL BUYS RENEWABLE

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Chronicle:

IRAN NEED $3 BLN
September, 20, 08:35:00

BP - AZERBAIJAN OIL DEAL

BP and its partners in Azerbaijan's giant ACG oil production complex agreed Thursday to extend the production sharing contract by 25 years to 2049 and to increase the stake of state-owned SOCAR, reducing the size of their own shares.

IRAN NEED $3 BLN
September, 20, 08:30:00

U.S. DEFICIT UP TO $123.1 BLN

The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.

IRAN NEED $3 BLN
September, 18, 12:35:00

OIL PRICE: ABOVE $55

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading up 41 cents, or 0.8 percent, at $50.30 by 0852 GMT, near the three-month high of $50.50 it reached last Thursday. Brent crude futures LCOc1, the benchmark for oil prices outside the United States, were at $55.91 a barrel, up 29 cents, and also not far from the near five-month high of $55.99 touched on Thursday.

IRAN NEED $3 BLN
September, 18, 12:30:00

RUSSIA - CHINA - VENEZUELA OIL

“The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.

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