Argus's head of U.S. operations, said Thursday Euan Craik, Latin America and the Middle East, major oil companies have stated their positions, said there is "strong interest" to switch to Argus of the US. Sour Crude Index (ASCI) index, as its exports of crude oil price benchmarks. Earlier, Saudi Arabia has decided to use the index.
Craik refused to disclose the country is considering making changes name, but he described that (their) interest is "unprecedented." "It feels like an upheaval. From our experience point of view, as it is an unprecedented event." Craik said in a telephone interview.
Last week, Saudi Arabia to give up the West Texas Intermediate crude oil (WTI) crude oil price as the price of its exported to the U.S. benchmark WTI U.S. Gulf of Mexico area due to the market environment increasingly out of touch people feel frustrated. Saudi Arabia to switch to English Argus index Argus company is a major success, the company for the physical energy market price assessment of the competitors, including the McGraw-Hill's cause of Platts.
Nov. 7, 2009
Asia-Pacific region by 2030 in the energy sector need to invest 8 trillion U.S. dollars
The Asian Development Bank (ADB) on November 5, 2009 released a report that the Asia-Pacific region from 2005 to 2030 in order to enhance and expand the energy system, we must invest in 7 to 9.7 trillion dollars, an average of 8 trillion dollars, in order to meet rapidly growing demand for energy. Asia-Pacific region's energy projections indicate that between 2005 and 2030, energy demand in the region the average annual growth rate of 2.4%, higher than the world average of 1.5%.
Report that the Asia-Pacific region by 2030, nearly 80% of the energy demand will have to be from fossil fuels: coal, oil and natural gas to meet, which will promote the growth of carbon dioxide emissions. Net imports of oil is expected to significantly increase in 2030 net import levels in 2005, turned almost doubled. The report, issued jointly by the ADB and the Asia-Pacific Economic Cooperation.
Energy Statistics report found that the Asia-Pacific region in 2006 the world's total consumption of primary energy supply to 34%, but the per capita generation capacity of 1,800 kWh, still higher than the world average of 2,870 kWh less 37%.
Nov. 6, 2009
Report that the Asia-Pacific region by 2030, nearly 80% of the energy demand will have to be from fossil fuels: coal, oil and natural gas to meet, which will promote the growth of carbon dioxide emissions. Net imports of oil is expected to significantly increase in 2030 net import levels in 2005, turned almost doubled. The report, issued jointly by the ADB and the Asia-Pacific Economic Cooperation.
Energy Statistics report found that the Asia-Pacific region in 2006 the world's total consumption of primary energy supply to 34%, but the per capita generation capacity of 1,800 kWh, still higher than the world average of 2,870 kWh less 37%.
Nov. 6, 2009
Eni will invest 35 billion U.S. dollars development of Zubair oil field
November 2 in Baghdad, the Iraqi government's oil minister Hussain al-Shahristani November 1 said here today that he expects the Italian oil and gas giant Eni and its partners in the next six years, will invest 35 billion U.S. dollars to develop Iraq's oil reserves with 4 billion barrels of Zubair oil field.
Shahristani is the Oil Ministry and the Iraqi government to an international consortium led by Eni SpA signed a Zubayr oil fields to develop after the initial agreement of the reporters made the remarks. Shahristani said in the next six years, and to the development of Zubair oil field's oil output to 1.2 million barrels is expected to take 35 billion U.S. dollars of investment, of which about 20 billion U.S. dollars of assets investment, an additional 15 billion was operating costs.
Eni has previously said that the company Occidental Petroleum and its partners the U.S. and South Korean gas company expects over the next seven years will be 10 billion U.S. dollars investment in Zubair oil field with a view to Zubair oil field increased to 1.125 million barrels per day.
Nov. 4, 2009
Shahristani is the Oil Ministry and the Iraqi government to an international consortium led by Eni SpA signed a Zubayr oil fields to develop after the initial agreement of the reporters made the remarks. Shahristani said in the next six years, and to the development of Zubair oil field's oil output to 1.2 million barrels is expected to take 35 billion U.S. dollars of investment, of which about 20 billion U.S. dollars of assets investment, an additional 15 billion was operating costs.
Eni has previously said that the company Occidental Petroleum and its partners the U.S. and South Korean gas company expects over the next seven years will be 10 billion U.S. dollars investment in Zubair oil field with a view to Zubair oil field increased to 1.125 million barrels per day.
Nov. 4, 2009
Russia next year will create a new record in oil production
According to media reports in Moscow, the world's largest oil producer, Russia, October 28 said here, because in the Arctic and Siberian regions have put into operation new oil fields, Russia, next year will create a new oil production record.
According to the Russian Energy Ministry said, the world's largest country, oil production has already exceeded the world's largest oil producer, Saudi Arabia, Russia is expected in 2010 will create a more than 2009 years of the new oil production record. The Russian Energy Ministry expects Russian oil production in 2010 will be more than 490 million ton. 490 million tons is Russia's 2009 production target.
According to the Russian State Statistical Bureau of Statistics, the Russian oil production in August reached 9.9 million barrels in July and in June of its oil output to 9.86 million barrels, respectively, and 9.51 million barrels. As a comparison, Saudi Arabia during this period the average daily output of about 8.1 million barrels of oil.
Nov. 1, 2009
According to the Russian Energy Ministry said, the world's largest country, oil production has already exceeded the world's largest oil producer, Saudi Arabia, Russia is expected in 2010 will create a more than 2009 years of the new oil production record. The Russian Energy Ministry expects Russian oil production in 2010 will be more than 490 million ton. 490 million tons is Russia's 2009 production target.
According to the Russian State Statistical Bureau of Statistics, the Russian oil production in August reached 9.9 million barrels in July and in June of its oil output to 9.86 million barrels, respectively, and 9.51 million barrels. As a comparison, Saudi Arabia during this period the average daily output of about 8.1 million barrels of oil.
Nov. 1, 2009
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