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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
IRAN ALLOCATES $255 B October, 15, 12:30:00

OIL PRICE: NEAR $81 ANEW

IRAN ALLOCATES $255 B October, 15, 12:25:00

BAD BOYS: IMF & WBG

IRAN ALLOCATES $255 B October, 15, 12:20:00

U.S. - CHINA NUCLEAR POLICY

IRAN ALLOCATES $255 B October, 15, 12:15:00

U.S. - CHINA NUCLEAR SANCTIONS

IRAN ALLOCATES $255 B October, 15, 12:10:00

IRAN SANCTIONS DOWN

IRAN ALLOCATES $255 B October, 15, 12:05:00

IRAN - S.KOREA OIL DOWN ANEW

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Chronicle:

IRAN ALLOCATES $255 B
2018, October, 15, 12:01:00

GAZPROM - SHELL: BALTIC LNG

GAZPROM - The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED).

IRAN ALLOCATES $255 B
2018, October, 15, 12:00:00

U.S. RIGS UP 11 TO 1,063

BHGE - U.S. Rig Count is up 11 rigs from last week to 1,063, with oil rigs up 8 to 869, gas rigs up 4 to 193, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 13 rigs from last week to 195, with oil rigs up 8 to 127 and gas rigs up 5 to 68.

IRAN ALLOCATES $255 B
2018, October, 12, 11:40:00

OIL PRICE: NEAR $81

REUTERS - Brent crude futures had risen $1.02 cents, or 1.3 percent, to $81.28 a barrel by 0637 GMT. The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. U.S. West Texas Intermediate (WTI) crude futures were up 80 cents, or 1.1 percent, at $71.77 a barrel, after a 3 percent fall in the previous session. WTI is on track for a 3.5 percent drop this week.

IRAN ALLOCATES $255 B
2018, October, 12, 11:35:00

OIL PRICES 2018 - 19: $74 - $75

EIA - Brent crude oil spot prices averaged $79 per barrel (b) in September, up $6/b from August. EIA expects Brent spot prices will average $74/b in 2018 and $75/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.

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