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C.Asia

C.Asia
2016, July, 6, 18:10:00

CHEVRON'S PROJECT: $36.8 BLN

"The Future Growth and Wellhead Pressure Management Project represents an excellent opportunity for the company," said Chevron Chairman and Chief Executive Officer John Watson. "The project builds on a record of strong performance at Tengiz and will add value for Chevron and its stockholders."

C.Asia
2016, July, 4, 18:10:00

CHEVRON'S PROJECT: $40 BLN

The company said this week in a presentation on its website that the decision on expanding the Tengiz development in Kazakhstan will be made in mid-2016. Installing 4,500 camp beds for construction crews is done and port dredging 25 percent complete, it said. The project may cost as much as $40 billion and add crude supply equivalent to that of Libya. The investment was put on hold last year after cost estimates ballooned amid plunging oil prices.

C.Asia
2016, June, 30, 18:15:00

SHAH DENIZ: $24 BLN

72.4% of the overall scope of the work is done, which is ahead of schedule by about 2.5%. $12bn have been spent to date from total SD2 cost estimate of $24bn including an inflation rate for the period 2014-2020

C.Asia
2016, June, 22, 18:15:00

WBG BUYS AZERBAIJAN

With oil prices forecast to remain low, Azerbaijan’s growth and fiscal position are likely to weaken further in 2016, posing significant risks. Financial sector vulnerabilities and an underdeveloped macroeconomic policy framework are further adding to the country’s challenges.

C.Asia
2016, June, 22, 18:10:00

AZERBAIJAN NEED $30 BLN

Azerbaijan is hoping in the best case for profits in excess of $50bn from the Southern Gas Corridor (SGC). State oil company Socar told that even the gloomiest outlook showed that Azerbaijan’s share in the profit of SGC would be at least $30bn over the 25 years' duration of the sales and purchase agreements.

C.Asia
2016, June, 16, 18:00:00

IRAN GROWS FASTER

Iran is regaining market share at a faster pace than analysts had projected since sanctions were lifted in January, helped by securing more tankers through a temporary shipping insurance fix.

C.Asia
2016, June, 16, 17:50:00

KASHAGAN: I'LL BE BACK

The Kashagan oilfield development project has been marred by delays and cost overruns. It first began producing in September 2013 but was halted two weeks later due to gas leaks.

C.Asia
2016, June, 14, 18:05:00

IRAN - OMAN GAS PIPELINE

The 400-kilometer pipeline, stretching from Iran to Oman is defined in two onshore and offshore sections. Land part of the gas pipeline extends for 200 kilometers from Rudan to Mobarak Mount in southern Hormozgan province. The seabed section between Iran and Sohar Port in Oman will stretch for another 200 kilometers.

C.Asia
2016, June, 13, 20:30:00

IRAN & SWITZERLAND CONTRACT

The two companies signed the contracts after very difficult negotiations on Saturday evening. Managing Director of Sadaf Petrochemical Assaluyeh Company Ahmad Jazayeri said the Swiss company will help his company to build a plant for production of the synthetic polymer ESBR, a strategic product used in the petrochemical industry and rubber manufacturing.

C.Asia
2016, June, 13, 20:25:00

IRAN - PAKISTAN GAS PIPELINE

The pipeline project has been stuck for years now because of sanctions on Iran. Pakistan has not been able to build the pipeline on its soil due to lack of funding. Iran has already built 900 km length of the pipeline on its territory while Pakistan still has to start work on the pipeline that would traverse its territory.

C.Asia
2016, June, 9, 18:40:00

BP: TIME OF CHANGES

In 2015 global demand for primary energy grew by only 1%, significantly slower than the 10-year average. This reflected continued weakness in the global economy and lower growth in Chinese energy consumption as the country shifts from an industrial to a service-driven economy.

C.Asia
2016, June, 8, 18:30:00

IRAN NEED $3 BLN

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.

C.Asia
2016, May, 31, 19:35:00

INDONESIA SEEKS TO IRAN

Indonesia's oil and gas company PT Pertamina seeks the possibility to develop oil and gas fields in Iran and import liquefied natural gas (LPG) from the Middle East country.

C.Asia
2016, May, 24, 19:50:00

IRAN WILL NOT FREEZE

"Currently, Iran's crude oil exports, excluding gas condensates, have reached 2 million barrels per day (bpd)," Javadi said. "Iran's crude oil export capacity will reach 2.2 million barrels by the middle of summer."

C.Asia
2016, May, 24, 19:40:00

PETROPARS & SHELL INVESTMENTS

Established in 1998, Petropars was founded to contribute toward the development of Iran’s vast energy resources. It specializes as a developer of exploration, exploitation and production in upstream projects.

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