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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

Chronicle:

IRAN NEED $3 BLN
2018, April, 18, 13:04:00

U.S. INDUSTRIAL PRODUCTION UP 0.5%

FRB - Industrial production rose 0.5 percent in March after increasing 1.0 percent in February; the index advanced 4.5 percent at an annual rate for the first quarter as a whole. After having climbed 1.5 percent in February, manufacturing production edged up 0.1 percent in March. Mining output rose 1.0 percent, mostly as a result of gains in oil and gas extraction and in support activities for mining. The index for utilities jumped 3.0 percent after being suppressed in February by warmer-than-normal temperatures. At 107.2 percent of its 2012 average, total industrial production was 4.3 percent higher in March than it was a year earlier. Capacity utilization for the industrial sector moved up 0.3 percentage point in March to 78.0 percent, a rate that is 1.8 percentage points below its long-run (1972–2017) average.

IRAN NEED $3 BLN
2018, April, 18, 13:02:00

KUWAIT'S INVESTMENT $113 BLN

AOG - Kuwait plans to invest $113bn over the next five years to enhance oil exploration and production activities both inside and outside the country

IRAN NEED $3 BLN
2018, April, 18, 13:00:00

ЦЕНА URALS: $ 65,80125

МИНФИН РОССИИ - Средняя цена на нефть Urals за период мониторинга с 15 марта по 14 апреля 2018 года составила $ 65,80125 за баррель, или $ 480,3 за тонну.

IRAN NEED $3 BLN
2018, April, 16, 09:50:00

OIL PRICE: NOT ABOVE $72

REUTERS - Oil prices slipped with Brent crude futures LCOc1 off 66 cents at $71.92 a barrel, while U.S. crude CLc1 fell 56 cents to $66.83 a barrel.

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