International Energy Agency (IEA) Nobuo Tanaka, Director-General said here today that more bleak because of the economic data has emerged, the International Energy Agency is likely to significantly cut its global oil demand forecast.
Nobuo Tanaka is at the primary energy told Reuters during the meeting made the remarks. He said that the downward global oil demand will be high possibility of prediction.
Nobuo Tanaka said: "We not only have the current statistics from the International Monetary Fund, but also have come from the Organization for Economic Cooperation and Development statistics. All of these data seem frustrating, therefore, reduced the possibility of possible are great, but I can not say how much it has in the end. "
28 developed countries as the International Energy Agency energy consultants will be published in mid-April at the next issue of its monthly oil market report.
Source: www.in-en.com Apr. 3, 2009
Venezuela's President Urges Brazil to join OPEC
Venezuelan President Hugo Chavez said on March 31, Brazil, and other independent oil-producing countries joined the Organization of Petroleum Exporting Countries (OPEC) oil cartel will make this a new vitality.
Chavez is in the Qatari capital Doha, the leaders of Arab and South American countries on the summit made the remarks. He said that the 12 OPEC member states have nine members attended the summit in Doha.
Chavez later said he hoped soon to join OPEC, Brazil.
According to the Brazilian state-owned oil giant Petrobras (Petrobras) said, Brazil 4 quarter of last year at an average of 1.99 million barrels per day production of oil and natural gas.
Venezuela in South America, Ecuador, another OPEC member states to join OPEC in the process of re-played a significant role.
In addition, Venezuela is struggling to fight for Russia and other countries begin to pay attention to OPEC's production quota system.
Source: www.in-en.com Apr. 2, 2009
Chavez is in the Qatari capital Doha, the leaders of Arab and South American countries on the summit made the remarks. He said that the 12 OPEC member states have nine members attended the summit in Doha.
Chavez later said he hoped soon to join OPEC, Brazil.
According to the Brazilian state-owned oil giant Petrobras (Petrobras) said, Brazil 4 quarter of last year at an average of 1.99 million barrels per day production of oil and natural gas.
Venezuela in South America, Ecuador, another OPEC member states to join OPEC in the process of re-played a significant role.
In addition, Venezuela is struggling to fight for Russia and other countries begin to pay attention to OPEC's production quota system.
Source: www.in-en.com Apr. 2, 2009
Kuwait in 2020 to reach 4 million barrels of crude oil production capacity goal
State-owned Kuwait Oil Company director Saad al-Shuwaib3 here on the 30th month that the Organization of Petroleum Exporting Countries (OPEC) member Kuwait has been a few days ago the country's crude oil production capacity to date, 3 million barrels and plans by 2020 to 4 million barrels day of crude oil production capacity goal.
Shuwaib are at an energy conference attended by reporters during the above speech. He said: "We have reached 3 million barrels of crude oil on the level of production capacity, we will achieve by the year 2020 at 4,000,000 barrels of crude oil production capacity of the goal date."
Shuwaib in response to a reporter again asked about the problem of crude oil production capacity, said: "We now have to reach 3 million barrels per day production capacity of crude oil." However, Shuwaib NOT be on this issue in detail.
New oil production capacity at last year's figure is the maximum daily output of Kuwait's 2.8 million barrels per day based on an increase of 0.2 million barrels per day.
Shuwaib said that Kuwait is now in December last year, according to OPEC production quotas set by the production of oil. Kuwait's OPEC supply is 2.2 million barrels / day.
Source: www.in-en.com Apr. 1, 2009
Shuwaib are at an energy conference attended by reporters during the above speech. He said: "We have reached 3 million barrels of crude oil on the level of production capacity, we will achieve by the year 2020 at 4,000,000 barrels of crude oil production capacity of the goal date."
Shuwaib in response to a reporter again asked about the problem of crude oil production capacity, said: "We now have to reach 3 million barrels per day production capacity of crude oil." However, Shuwaib NOT be on this issue in detail.
New oil production capacity at last year's figure is the maximum daily output of Kuwait's 2.8 million barrels per day based on an increase of 0.2 million barrels per day.
Shuwaib said that Kuwait is now in December last year, according to OPEC production quotas set by the production of oil. Kuwait's OPEC supply is 2.2 million barrels / day.
Source: www.in-en.com Apr. 1, 2009
Venezuela will promote the establishment of an international oil bank
Venezuelan President to visit Qatar yesterday, Iran and Japan, he hoped that the establishment of a protocol signed by Venezuela - Iran's banks, after turning it into an international oil bank.
On the eve of President Chavez to visit published in the Sunday column in this set up once again brought up the idea of financial institutions, it has been in countries such as Iran and Russia to accept. Chavez said, "We will pass through the Persian Gulf, the Islamic Republic of Iran to conduct a working visit, where one important thing is to start in Venezuela - Iran's banks, it is our hope that in the future be turned into an international oil bank." At a discussion in 2008 on the world economic crisis in the South may be the answer to the meeting, Chavez again proposed the establishment of an Organization of Petroleum Exporting Countries (OPEC), Bank of mind. Early in 2000 a similar proposal for the OPEC failed to reach an agreement. Chavez believes that the United States arising from the financial crisis to make him return to the ideas become a multi-polar world, part of the plan. Last year, Chavez said that if OPEC should not make this progress in mind, he would recommend the establishment of an international oil bank, are interested can take part in the country. Chavez visit to Qatar and to attend the National League of Arab States and South America after the Summit, will visit Iran and Japan. He said Venezuela will be important and Japan signed a bilateral energy agreement. Venezuela - Iran bank's capital to 16 billion U.S. dollars, will be held April 2 or 3 start date, the two sides of the first 100 million U.S. dollars invested.
Source: www.in-en.com Mar. 31, 2009
On the eve of President Chavez to visit published in the Sunday column in this set up once again brought up the idea of financial institutions, it has been in countries such as Iran and Russia to accept. Chavez said, "We will pass through the Persian Gulf, the Islamic Republic of Iran to conduct a working visit, where one important thing is to start in Venezuela - Iran's banks, it is our hope that in the future be turned into an international oil bank." At a discussion in 2008 on the world economic crisis in the South may be the answer to the meeting, Chavez again proposed the establishment of an Organization of Petroleum Exporting Countries (OPEC), Bank of mind. Early in 2000 a similar proposal for the OPEC failed to reach an agreement. Chavez believes that the United States arising from the financial crisis to make him return to the ideas become a multi-polar world, part of the plan. Last year, Chavez said that if OPEC should not make this progress in mind, he would recommend the establishment of an international oil bank, are interested can take part in the country. Chavez visit to Qatar and to attend the National League of Arab States and South America after the Summit, will visit Iran and Japan. He said Venezuela will be important and Japan signed a bilateral energy agreement. Venezuela - Iran bank's capital to 16 billion U.S. dollars, will be held April 2 or 3 start date, the two sides of the first 100 million U.S. dollars invested.
Source: www.in-en.com Mar. 31, 2009
Japan's Cosmo Oil to cut Q2 processing volume 9.3%
Japan's 4 first major refinery Cosmo Oil Corp. 3 month 26 in here, because of the domestic demand for petroleum products declined, the company plans to put the first 2 quarters of crude oil processing volume reduction of 9.3% over the same period last year.
Cosmo Oil Corp. Said that the company plans to put the first quarter of 2 to reduce the volume of crude oil processed 64 million liters, but, Cosmo Oil Corp. Did not disclose its planned 2-quarter of the total volume of crude oil processed.
Decline in domestic demand due to seasonal maintenance and more, many of Japan's oil refineries have been announced recently to cut the first 2 quarters of the volume of crude oil processed.
Source: www.in-en.com Mar. 30, 2009
Cosmo Oil Corp. Said that the company plans to put the first quarter of 2 to reduce the volume of crude oil processed 64 million liters, but, Cosmo Oil Corp. Did not disclose its planned 2-quarter of the total volume of crude oil processed.
Decline in domestic demand due to seasonal maintenance and more, many of Japan's oil refineries have been announced recently to cut the first 2 quarters of the volume of crude oil processed.
Source: www.in-en.com Mar. 30, 2009
Shahristani : welcome to foreign oil companies to return to Iraq
French business daily La Tribune today quoted Iraqi Oil Minister Hussein Shahristani as saying that Iraq was prepared to welcome the French oil giant Total and other foreign oil companies to return to Iraq. Shahristani said that foreign oil companies are returning to Iraq and Iraq at the time of oil and gas operations. He pointed out that because of security has been further improved, foreign oil companies can now safely conduct oil and gas operations in Iraq.
Shahristani added that today's oil and gas contracts in Iraq will be "open, transparent and competitive" external award process.
The Iraqi government has launched the first round of tenders to develop six oilfields and two gas fields, has 35 international oil companies received 120 applications, including Total. The Government of Iraq will be years before the eight oil and gas fields to make a decision.
Shahristani said that Iraq will provide the second round of the tender 10 oil fields and one gas field, the contract will be signed at the end of this year. Two rounds of bidding will attract around 50 billion U.S. dollars of investment, and Iraq's oil production after the passage of the two rounds of bidding in the next 5-6 years from the current 2.5 million barrels to 600 million barrels per day.
Source: www.in-en.com Mar. 29, 2009
Shahristani added that today's oil and gas contracts in Iraq will be "open, transparent and competitive" external award process.
The Iraqi government has launched the first round of tenders to develop six oilfields and two gas fields, has 35 international oil companies received 120 applications, including Total. The Government of Iraq will be years before the eight oil and gas fields to make a decision.
Shahristani said that Iraq will provide the second round of the tender 10 oil fields and one gas field, the contract will be signed at the end of this year. Two rounds of bidding will attract around 50 billion U.S. dollars of investment, and Iraq's oil production after the passage of the two rounds of bidding in the next 5-6 years from the current 2.5 million barrels to 600 million barrels per day.
Source: www.in-en.com Mar. 29, 2009
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