Libyan government officials said, Libya in the April 26 start operating in the country's energy companies to build a five billion U.S. dollars of the energy center.
The Energy Center is a Libyan national economic and social development funds and the Gulf of Bahrain Islamic investment bank, a loan company cooperative projects. Gulf loan will finance the project, the Energy Center will be built in the Libyan capital Tripoli, 43 miles west of the brink of the Mediterranean coastal areas.
Libyan company in charge of the national investment promotion said that the completion of the project will require 3-5 years, and the construction of the first phase of infrastructure will require 18 months.
Energy Center (or Energy Economic Zone) to oil and gas production companies, refining companies, as well as participation in shipping, energy trading and support services for the commercial infrastructure.
Libya plans to in 2012 before the country's crude oil output to double about to achieve this goal will require 30-40 billion U.S. dollars of investment. Libya also wants to be an important natural gas producing countries, Libya intends to 2010 the country's natural gas production from the current 2.7 billion cubic feet increased to 3000 million cubic feet in 2015 to reach 3.8 billion cubic feet.
Source: www.in-en.com Apr. 28, 2009
Russia believes that oil prices will rise in 2010 in 70-80 U.S. dollars
MOSCOW, April 26 reported that the Russian energy minister Sergei Shmatko told the media here today told reporters that about 50 U.S. dollars per barrel of oil simply can not ensure that the oil and gas exploration and production, but the price of crude oil in the next 12 to 18 months will be rebound to 70-80 U.S. dollars a barrel level.
Shmatko said: "We are interested in a fair price."
In response to Shmatko Reuters reporters Ti Chude and Shi Jiedi 2 largest oil-producing countries need the oil to how to develop its crude oil reserves of the issue, said that the current oil prices can not ensure the continuity of oil production, mining or the implementation of the new technology sufficient funds required.
Source: www.in-en.com Apr. 27, 2009
Shmatko said: "We are interested in a fair price."
In response to Shmatko Reuters reporters Ti Chude and Shi Jiedi 2 largest oil-producing countries need the oil to how to develop its crude oil reserves of the issue, said that the current oil prices can not ensure the continuity of oil production, mining or the implementation of the new technology sufficient funds required.
Source: www.in-en.com Apr. 27, 2009
Royal Bank of Scotland to cut price forecasts for Brent crude this year
Singapore, April 23 reported that Royal Bank of Scotland (RBS) analysis of experts in a report today that Royal Bank of Scotland down the line a few days ago for 2009 and 2010 oil price forecast.
Royal Bank of Scotland in London this year the price of Brent crude from the previous forecast of 80 U.S. dollars per barrel fell to 56.1 U.S. dollars, while in 2010 the price of London Brent crude from the previous forecast dropped to 76.25 U.S. dollars per barrel 75 U.S. dollars.
Royal Bank of Scotland said: "OPEC oil production will lead to curb global market demand. We believe that this shortage will gradually this year, pushing up oil prices. London Brent crude so far this year the average price of 46.87 U.S. dollars per barrel .
Source: www.in-en.com Apr. 24, 2009
Royal Bank of Scotland in London this year the price of Brent crude from the previous forecast of 80 U.S. dollars per barrel fell to 56.1 U.S. dollars, while in 2010 the price of London Brent crude from the previous forecast dropped to 76.25 U.S. dollars per barrel 75 U.S. dollars.
Royal Bank of Scotland said: "OPEC oil production will lead to curb global market demand. We believe that this shortage will gradually this year, pushing up oil prices. London Brent crude so far this year the average price of 46.87 U.S. dollars per barrel .
Source: www.in-en.com Apr. 24, 2009
20 years Russian oil production is expected to increase 13.25%
April 21, according to BMI from the well-known analyst firm's latest study of the Russian oil and gas report, Russia will account for pre-2013 Central and Eastern Europe (CEE) of 50.77% of oil demand, at the same time, Russia will provide 70.96% of the oil supply.
BMI's analysts expect oil production in Russia from 2007 to 2018 will increase by 13.25 percent during the period, while Russia's oil production from 2018 years ago in 2007 to 9.98 million barrels per day increased steadily 11,300,000 barrels.
According to the study said, during this period the Russian domestic oil consumption is expected to increase by 27.40 percent, Russia's oil exports in 2018 will reach 7.86 million barrels per day the highest level.
Source: www.in-en.com Apr. 21, 2009
BMI's analysts expect oil production in Russia from 2007 to 2018 will increase by 13.25 percent during the period, while Russia's oil production from 2018 years ago in 2007 to 9.98 million barrels per day increased steadily 11,300,000 barrels.
According to the study said, during this period the Russian domestic oil consumption is expected to increase by 27.40 percent, Russia's oil exports in 2018 will reach 7.86 million barrels per day the highest level.
Source: www.in-en.com Apr. 21, 2009
Russia and China to sign oil cooperation agreement
April 21, Russian Deputy Prime Minister will visit China today. The visit to Russia will be looking forward to in the oil fields and China has signed inter-governmental cooperation agreement.
RIA Novosti reported April 21, today the Russian Deputy Prime Minister will be meeting with Chinese leaders. The result will be meeting with the Chinese and Russian government signed a cooperation agreement between the oil sector. As early as February this year, Russian Deputy Prime Minister during his visit to China, signed the relevant documents, the Russian will be the construction of "Eastern Siberia - Pacific Ocean" oil pipeline extension to China, Russia and China will total 25 billion U.S. dollars oil company loans. Preliminary estimates, Russia will supply China's annual 15 million tons of oil, a period of 20 years.
Source: www.in-en.com Apr. 21, 2009
RIA Novosti reported April 21, today the Russian Deputy Prime Minister will be meeting with Chinese leaders. The result will be meeting with the Chinese and Russian government signed a cooperation agreement between the oil sector. As early as February this year, Russian Deputy Prime Minister during his visit to China, signed the relevant documents, the Russian will be the construction of "Eastern Siberia - Pacific Ocean" oil pipeline extension to China, Russia and China will total 25 billion U.S. dollars oil company loans. Preliminary estimates, Russia will supply China's annual 15 million tons of oil, a period of 20 years.
Source: www.in-en.com Apr. 21, 2009
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