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
The world's top five oil giant's first-quarter profit fell 63% overall
According to the oil giant's results being released first quarter of this year, as oil and gas prices continue to fall, Exxon Mobil, Chevron, Shell and other giants of the world's top five oil profits across the board with the sharp drop in the same period last year .
The second-largest U.S. oil and gas company Chevron's results on the 1st release said that more than a quarter of the company's profit dropped 64 percent over the same period last year. According to recently released results one after another, the world's largest oil company Exxon Mobil, the third largest U.S. oil company ConocoPhillips, the two European oil companies Shell and British Petroleum (BP) of these four oil giants first quarter profits dropped 58 percent, respectively, 80%, 62% and 62%.
According to the Associated Press reported that, in general, the five oil companies profit the first quarter of 13.3 billion U.S. dollars accumulated over the same period last year fell 63 percent overall.
There is no doubt that the deteriorating economic situation led to oil and natural gas prices is a sharp drop in profits the oil giant said. First quarter of last year, the international oil price is also up to three digits, and once in the year surged to 150 U.S. dollars a barrel close to the peak; and now, as a result of the global economic downturn hit the market demand, international oil price has dropped to 50 U.S. dollars per barrel from top to bottom.
British Petroleum CEO Tony Hayward said, because consumers will continue to face severe economic situation, the recent international oil prices will remain low.
Source: www.in-en.com May. 1, 2009
The second-largest U.S. oil and gas company Chevron's results on the 1st release said that more than a quarter of the company's profit dropped 64 percent over the same period last year. According to recently released results one after another, the world's largest oil company Exxon Mobil, the third largest U.S. oil company ConocoPhillips, the two European oil companies Shell and British Petroleum (BP) of these four oil giants first quarter profits dropped 58 percent, respectively, 80%, 62% and 62%.
According to the Associated Press reported that, in general, the five oil companies profit the first quarter of 13.3 billion U.S. dollars accumulated over the same period last year fell 63 percent overall.
There is no doubt that the deteriorating economic situation led to oil and natural gas prices is a sharp drop in profits the oil giant said. First quarter of last year, the international oil price is also up to three digits, and once in the year surged to 150 U.S. dollars a barrel close to the peak; and now, as a result of the global economic downturn hit the market demand, international oil price has dropped to 50 U.S. dollars per barrel from top to bottom.
British Petroleum CEO Tony Hayward said, because consumers will continue to face severe economic situation, the recent international oil prices will remain low.
Source: www.in-en.com May. 1, 2009
Azerbaijan plans to increase exports twice the number of North American oil
It is reported that the National Oil Company of Azerbaijan (SOCAR), an official said here today that the company plans to export North American oil a day increase in the number of double to 20 million barrels per day. However, the official did not elaborate on plans for a timetable for this increase.
Azerbaijan national oil company responsible for marketing and deputy manager of the economy Guliyev said that his company currently is the company's Azeri Light AZR-E crude oil to open up new markets, including Canada.
Guliyev in a press conference that only 20 percent of Azerbaijan's oil sales are sold in the Americas region. Canada's oil market is an ever-growing emerging markets, where demand is increasing.
2008 Azerbaijan produced 44 million tons (8.84 million barrels) of oil.
Vice president of the Azerbaijani national oil company told Reuters last month the financial television reporter said that Azerbaijan plans to increase oil production of at least 50 million tons, Azerbaijan did not plan to join OPEC. The National Oil Company of Azerbaijan in 2008, the average daily supply to North America by 7.3 million barrels per day.
Source: www.in-en.com Apr. 30, 2009
Azerbaijan national oil company responsible for marketing and deputy manager of the economy Guliyev said that his company currently is the company's Azeri Light AZR-E crude oil to open up new markets, including Canada.
Guliyev in a press conference that only 20 percent of Azerbaijan's oil sales are sold in the Americas region. Canada's oil market is an ever-growing emerging markets, where demand is increasing.
2008 Azerbaijan produced 44 million tons (8.84 million barrels) of oil.
Vice president of the Azerbaijani national oil company told Reuters last month the financial television reporter said that Azerbaijan plans to increase oil production of at least 50 million tons, Azerbaijan did not plan to join OPEC. The National Oil Company of Azerbaijan in 2008, the average daily supply to North America by 7.3 million barrels per day.
Source: www.in-en.com Apr. 30, 2009
OPEC needed to cut from the market 720,000 barrels of oil production
Algiers reported that the Organization of Petroleum Exporting Countries (OPEC) Secretary-General Abdallah Badri April 26, said here so far to comply with OPEC output decision is good, but, in order to ensure the full realization of production target, OPEC still need to cut from the market 722,000 barrels of oil production.
Badri is in the Algerian capital Algiers, at a press conference, made these remarks.
Badri said: "OPEC members so far to comply with decisions of the recent production is a very good, but, in order to fully achieve the production goal, we also need to be reduced from the market lost 722,000 barrels of oil production."
Badri also said that lower oil prices to OPEC member countries have investment projects have had a great impact, in the OPEC member countries planned to invest 165 projects so far, 35 investment projects have been postponed to 2013 was implemented.
Source: www.in-en.com Apr. 30, 2009
Badri is in the Algerian capital Algiers, at a press conference, made these remarks.
Badri said: "OPEC members so far to comply with decisions of the recent production is a very good, but, in order to fully achieve the production goal, we also need to be reduced from the market lost 722,000 barrels of oil production."
Badri also said that lower oil prices to OPEC member countries have investment projects have had a great impact, in the OPEC member countries planned to invest 165 projects so far, 35 investment projects have been postponed to 2013 was implemented.
Source: www.in-en.com Apr. 30, 2009
OPEC: oil prices may be close to a record level last year
From 12-member Organization of Petroleum Exporting Countries (OPEC) on April 26 warned that the global economic recession as a result of disruption of a lot of oil and gas exploration and energy projects, oil prices may be close to a record in July of last year's record.
OPEC and Minister of Finance, 13 in Asia held in Tokyo before a meeting called for more stringent monitoring of global oil prices.
13 OPEC and Minister of Finance, agreed that Asia's rise or fall in oil prices is detrimental to the interests of oil producing countries is not conducive to the interests of oil-consuming countries.
OPEC and Minister of Finance, 13 in Asia in a joint statement from the economic crisis on oil prices bounced back sharply after rising concerns about the prospect.
Source: www.in-en.com Apr. 29, 2009
OPEC and Minister of Finance, 13 in Asia held in Tokyo before a meeting called for more stringent monitoring of global oil prices.
13 OPEC and Minister of Finance, agreed that Asia's rise or fall in oil prices is detrimental to the interests of oil producing countries is not conducive to the interests of oil-consuming countries.
OPEC and Minister of Finance, 13 in Asia in a joint statement from the economic crisis on oil prices bounced back sharply after rising concerns about the prospect.
Source: www.in-en.com Apr. 29, 2009
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