Recently, the well-known financial services company Morgan Stanley published a new study reports that, due to the increasingly tight supply of the future, therefore, oil prices in 2012 to rebound to 105 U.S. dollars a barrel. According to the study said, due to technical, financial and political factors, originally planned in 2009 and 2015 the majority of the increase in oil production in the project can not be completed by then. The report said that spare capacity will lead to increasing tension, while the spare capacity is tight, in 2005 an important reason for rising oil prices.
Sep. 18, 2009
Invested 9.8 billion U.S. dollars of Libya's crude oil production increase
September 13 Tripoli news, as has Africa's largest crude oil reserves of Libya has been seeking to improve their own crude oil production, the Libyan government has approved an investment of 12.1 billion dinars (9.86 billion U.S. dollars) to develop and enhance the 24 oil fields plan.
The Libyan Government on its official Web site said in a statement issued by the Libyan National Oil Company will work with other state-owned oil company of Libya and the ongoing foreign oil companies operating in Libya's national co-operation to accomplish this increase in oil production plan, the plan will not be including the new entrants. Of Petroleum Exporting Countries (OPEC) member Libya has been seeking in 2013 before their crude oil production capacity from the current 1.8 million barrels to 3 million barrels. According to the Libyan Government said, because it is difficult to develop or located in remote areas, Libya, there are 5 billion barrels of oil have not been developed, this number accounts for Libya's total oil reserves owned by 12%.
Sep. 15, 2009
The Libyan Government on its official Web site said in a statement issued by the Libyan National Oil Company will work with other state-owned oil company of Libya and the ongoing foreign oil companies operating in Libya's national co-operation to accomplish this increase in oil production plan, the plan will not be including the new entrants. Of Petroleum Exporting Countries (OPEC) member Libya has been seeking in 2013 before their crude oil production capacity from the current 1.8 million barrels to 3 million barrels. According to the Libyan Government said, because it is difficult to develop or located in remote areas, Libya, there are 5 billion barrels of oil have not been developed, this number accounts for Libya's total oil reserves owned by 12%.
Sep. 15, 2009
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