Russia's largest oil companies - Russian oil company recently announced first quarter of this year the company lost 5.77 billion rubles (about 33 rubles 1 U.S. dollars).
According to Russian News Agency reported, in accordance with Russian accounting standards, the Russian oil company losses in the first quarter this year, 5.77 billion rubles, the fourth quarter of last year's loss of 65 billion rubles has reduced by 90%. The first quarter of last year, Russian oil companies to achieve a net profit of 6.5 billion rubles.
Russian oil companies reported previously announced, the company's 2008 net profit of 141.31 billion rubles for the more than 2007, a decrease of 12.8%. Russian oil companies for oil production last year's 110.1 million tons, representing an increase of 9% a year. The company expects this year's oil production to 112.3 million tons.
Source: www.in-en.com May. 9, 2009
Iraq will invite international companies to develop the East Baghdad oil field
According to the Greek energy news network on May 7 in Baghdad reported that Iraqi oil sector, a senior official said today that Iraq will be invited to compete to develop a number of international oil companies located in the east near the Iraqi capital Baghdad oil field.
The official told reporters that the Iraqi Ministry of Oil will soon be invited to tender a number of international oil companies in this field.
East Baghdad oil field produces about 17,000 barrels of oil, Iraq's Oil Ministry plans to develop the estimated 75 billion barrels of oil reserves in the oilfield.
The official said that the Iraqi Ministry of Oil in accordance with engineering design, procurement and construction contract (EPC) to develop the East Baghdad oil field. Japan Oil Development Co., Ltd., Japan Petroleum Exploration Company (JAPEX) may be the Iraqi Ministry of Oil will be invited to compete in this field one of the international oil companies.
East Baghdad oil field in Iraq, announced in December last year the second round of the tender offer in the field. East Baghdad oil field will be produced as a day of crude oil processing capacity of 140,000 barrels of crude oil in the Doura oil refinery processing of raw materials.
Source: www.in-en.com May. 8, 2009
The official told reporters that the Iraqi Ministry of Oil will soon be invited to tender a number of international oil companies in this field.
East Baghdad oil field produces about 17,000 barrels of oil, Iraq's Oil Ministry plans to develop the estimated 75 billion barrels of oil reserves in the oilfield.
The official said that the Iraqi Ministry of Oil in accordance with engineering design, procurement and construction contract (EPC) to develop the East Baghdad oil field. Japan Oil Development Co., Ltd., Japan Petroleum Exploration Company (JAPEX) may be the Iraqi Ministry of Oil will be invited to compete in this field one of the international oil companies.
East Baghdad oil field in Iraq, announced in December last year the second round of the tender offer in the field. East Baghdad oil field will be produced as a day of crude oil processing capacity of 140,000 barrels of crude oil in the Doura oil refinery processing of raw materials.
Source: www.in-en.com May. 8, 2009
Saudi oil production capacity to meet June 30 barrels of 12.5 million
Houston, according to Reuters reports, the state-owned oil giant Saudi Arabia Saudi Arabia National Oil Company (Saudi Aramco) is responsible for oil and gas exploration and production operations, senior vice president Amin Nasser5 here on the 5th month that Saudi Arabia's oil production capacity in 6 days 30 months to reach 12.5 million barrels a day.
Nasser was held in Houston in the United States to attend the Maritime Technical Conference (OTC) on the media during a press made these remarks.
Nasser's spokesman later added that Saudi Arabia's oil output will remain at 800 million barrels, Saudi Arabia, there is no further reduction of the idea of oil production.
Nasser said that the plan to be completed in June of all the oil field development project will be completed on schedule, including Hu, Rice fields, Nuayyim and Shaybah oil field, the three oil development projects in Saudi Arabia will increase in 1.45 million barrels of oil production capacity, and the Hu Rice alone oil field development project will be an additional 120 million barrels of oil production capacity.
Nasser said, adding that 1.2 million barrels per day production capacity, Saudi Arabia's oil production in the June 30 will be more than 12.5 million barrels a day. However, Nasser said, some of which can increase the production capacity elsewhere to make up for the decline.
Nasser added that the world's marginal oil (such as deep-sea oil or tar sands) will require the continued development of the oil price 70 U.S. dollars a barrel.
Source: www.in-en.com May. 7, 2009
Nasser was held in Houston in the United States to attend the Maritime Technical Conference (OTC) on the media during a press made these remarks.
Nasser's spokesman later added that Saudi Arabia's oil output will remain at 800 million barrels, Saudi Arabia, there is no further reduction of the idea of oil production.
Nasser said that the plan to be completed in June of all the oil field development project will be completed on schedule, including Hu, Rice fields, Nuayyim and Shaybah oil field, the three oil development projects in Saudi Arabia will increase in 1.45 million barrels of oil production capacity, and the Hu Rice alone oil field development project will be an additional 120 million barrels of oil production capacity.
Nasser said, adding that 1.2 million barrels per day production capacity, Saudi Arabia's oil production in the June 30 will be more than 12.5 million barrels a day. However, Nasser said, some of which can increase the production capacity elsewhere to make up for the decline.
Nasser added that the world's marginal oil (such as deep-sea oil or tar sands) will require the continued development of the oil price 70 U.S. dollars a barrel.
Source: www.in-en.com May. 7, 2009
Exxon Mobil was the eastern part of Indonesia's oil and gas blocks for exploration of new power
Jakarta, May 5 reported that the US-based oil giant's largest oil company Exxon Mobil and Hess Corp. won the eastern region of Indonesia's new oil and gas exploration rights, the two companies have pledged in the future 3 years to the Indonesian oil and gas exploration investment 66 million U.S. dollars.
Exxon Mobil Corporation and Biak in Indonesia partners win oil exploration at sea outside the island of Papua Cendrawasih the right to block, they will be in the exploration period of 3 years ago 40 million U.S. dollars investment.
Hess Corporation has won the Kalimantan Island is located outside the waters of the South Sesulu block and promised exploration rights in the exploration period of 3 years prior to the 26 million U.S. dollars investment.
According to "The Jakarta Post" reported that Exxon Mobil and Hess Corporation is the Indonesian Ministry of Energy and Mineral Resources announced last week that the 11 oil and gas blocks in the two oil companies. It is reported that the Indonesian government planned in the near future on 24 new oil and gas blocks for international bidding.
Source: www.in-en.com May. 5, 2009
Exxon Mobil Corporation and Biak in Indonesia partners win oil exploration at sea outside the island of Papua Cendrawasih the right to block, they will be in the exploration period of 3 years ago 40 million U.S. dollars investment.
Hess Corporation has won the Kalimantan Island is located outside the waters of the South Sesulu block and promised exploration rights in the exploration period of 3 years prior to the 26 million U.S. dollars investment.
According to "The Jakarta Post" reported that Exxon Mobil and Hess Corporation is the Indonesian Ministry of Energy and Mineral Resources announced last week that the 11 oil and gas blocks in the two oil companies. It is reported that the Indonesian government planned in the near future on 24 new oil and gas blocks for international bidding.
Source: www.in-en.com May. 5, 2009
Iraq oil exports in April and income growth
It is reported that the Iraqi energy officials recently said that Iraq's April daily average 1.821 million barrels of crude oil exports, up slightly from March's 1.815 million barrels in May is expected to reach 1.9 million barrels a day.
April Iraq's oil export earnings last month from 2.5 billion U.S. dollars to 26 billion dollars. Iraqi officials said Iraqi crude oil in April the average export price of 47 U.S. dollars a barrel, up from 44.2 U.S. dollars in March.
Iraq's 2008 daily average 1.85 million barrels of crude oil exports, export revenue of about 60 billion U.S. dollars.
IHS internationally renowned advisory body said the forecast issued the previous year, 5 years of Iraq's oil production is expected to reach four million barrels a day. Iraq's proven oil reserves of 1160 billion barrels, ranking third in the world, second only to Saudi Arabia and Iran.
Source: www.in-en.com May. 5, 2009
April Iraq's oil export earnings last month from 2.5 billion U.S. dollars to 26 billion dollars. Iraqi officials said Iraqi crude oil in April the average export price of 47 U.S. dollars a barrel, up from 44.2 U.S. dollars in March.
Iraq's 2008 daily average 1.85 million barrels of crude oil exports, export revenue of about 60 billion U.S. dollars.
IHS internationally renowned advisory body said the forecast issued the previous year, 5 years of Iraq's oil production is expected to reach four million barrels a day. Iraq's proven oil reserves of 1160 billion barrels, ranking third in the world, second only to Saudi Arabia and Iran.
Source: www.in-en.com May. 5, 2009
OPEC oil production for the first decline in eight months
According to reports, May 1 Reuters published the results of a survey which indicated that due to the decline in oil production in Nigeria and the Organization of Petroleum Exporting Countries (OPEC) member states to implement an agreement to raise oil prices, OPEC April oil supply the third consecutive decline in eight months.
According to the oil companies, OPEC officials and industry analysts said the survey results, the OPEC production target by 11 member states restrict the oil production in April from March's 25.63 million barrels per day decreased to 25.52 million barrels a day. OPEC hinted that such a survey has been completed so far 84% of last year's production target has been promised.
Despite the OPEC in September last year since the implementation of output measures, however, as the global economic crisis, oil prices and demand continued to decline in oil inventories in developed countries increased during this period so far in February has reached the equivalent of 61.6 days the demand for the level of oil inventories in developed countries is the highest since 1993.
OPEC vowed to cut oil production is equivalent to the global daily demand of 5%. OPEC oil production is currently the world's oil production accounted for more than one-third.
Survey found that non-OPEC, including Iraq, the 11 production quotas by a member of April the average oil production of more than 24,840,000 barrels of their collective goal of 680,000 barrels per day, which means that OPEC has only reduced they had previously agreed to cut 4.2 million barrels of daily output of 3.52 million barrels in.
Source: www.in-en.com May. 4, 2009
According to the oil companies, OPEC officials and industry analysts said the survey results, the OPEC production target by 11 member states restrict the oil production in April from March's 25.63 million barrels per day decreased to 25.52 million barrels a day. OPEC hinted that such a survey has been completed so far 84% of last year's production target has been promised.
Despite the OPEC in September last year since the implementation of output measures, however, as the global economic crisis, oil prices and demand continued to decline in oil inventories in developed countries increased during this period so far in February has reached the equivalent of 61.6 days the demand for the level of oil inventories in developed countries is the highest since 1993.
OPEC vowed to cut oil production is equivalent to the global daily demand of 5%. OPEC oil production is currently the world's oil production accounted for more than one-third.
Survey found that non-OPEC, including Iraq, the 11 production quotas by a member of April the average oil production of more than 24,840,000 barrels of their collective goal of 680,000 barrels per day, which means that OPEC has only reduced they had previously agreed to cut 4.2 million barrels of daily output of 3.52 million barrels in.
Source: www.in-en.com May. 4, 2009
Southwestern and central regions of Iran to discover new oil and gas resources
According to foreign media on April 26 in Tehran, Iran News on April 25 television quoted Iranian Oil Minister Gholam Hussein Nozari as saying that Iran in the country's south-west and central regions, respectively, found a reservoir and a new natural gas fields.
Nozari said, the new composition of the reservoir is located in a huge oil reserves of Iran Khuzestan province northwest of Ahwaz, capital of Band-e-Karkheh part of oil field. Since the discovery of new oil, Band-e-Karkheh oilfield estimated oil reserves to 45 billion barrels. In Fars Province, Iran, Central and France newly discovered gas fields estimated to have reserves of 169.8 billion cubic meters of natural gas.
According to the U.S., "Oil and Gas Journal" said, in January 2009 to date, Iran's estimated 1362 billion barrels of proven oil reserves, a figure about the world's total proven oil reserves of 10%. Iran in 2008 proved natural gas reserves estimated at 26.8 trillion cubic meters, second only to Russia as the world No. 2 has a large natural gas reserves country.
Source: www.in-en.com May. 1, 2009
Nozari said, the new composition of the reservoir is located in a huge oil reserves of Iran Khuzestan province northwest of Ahwaz, capital of Band-e-Karkheh part of oil field. Since the discovery of new oil, Band-e-Karkheh oilfield estimated oil reserves to 45 billion barrels. In Fars Province, Iran, Central and France newly discovered gas fields estimated to have reserves of 169.8 billion cubic meters of natural gas.
According to the U.S., "Oil and Gas Journal" said, in January 2009 to date, Iran's estimated 1362 billion barrels of proven oil reserves, a figure about the world's total proven oil reserves of 10%. Iran in 2008 proved natural gas reserves estimated at 26.8 trillion cubic meters, second only to Russia as the world No. 2 has a large natural gas reserves country.
Source: www.in-en.com May. 1, 2009
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