New Delhi, August 20 news, British Energy Cairn Energy India under the Cairn India subsidiary, announced here today that the company and its partners Indian Oil and Natural Gas Corporation (ONGC) in 2011 will invest 200 billion rupees (4 one billion U.S. dollars) to improve the state of Rajasthan in India's oil production Bermer field.
Bermer oil from three oil fields of the Mangala oil field, respectively, Bhagyam and Aishwariya oil fields. Cairn India to invest these three fields is aimed at these three oil fields to increase oil production from 25,000 to 200,000 barrels per day. In this project, Cairn India has a 70% stake, while India has a 30% stake in ONGC. This three field 2P have 0.7 billion barrels of recoverable oil reserves, as well as 0.3 billion barrels of oil recovery potential.
Aug. 22, 2009
Qatar oil and gas capacity in 2014 reached 5 million barrels of oil equivalent
According to media Doha August 17 reported that the Qatar News Agency today quoted the country's oil sector, a senior official as saying that oil and gas capacity in Qatar in 2014 will reach 5 million barrels of oil equivalent, Qatar, the planned expansion of a number of energy projects will be completed in 2014.
Reuters quoted Qatar Petroleum oil and gas project manager as saying that the world's largest liquefied natural gas (LNG) exporter in 2014 in the Nissan prior to 23 billion cubic feet of natural gas. He said that Qatar is expected to be 2014 before the annual production capacity of 12 million tons of propane and butane, the country's total output of petrochemical products by 2015 will reach 4.3 million tons.
According to a Reuters survey, the smallest OPEC oil-producing countries in July the average daily output 710,000 barrels of oil. At present annual output of 45 million tons of LNG, Qatar intends to achieve in 2010 an annual output of 77 million tons LNG can.
Aug. 19, 2009
Reuters quoted Qatar Petroleum oil and gas project manager as saying that the world's largest liquefied natural gas (LNG) exporter in 2014 in the Nissan prior to 23 billion cubic feet of natural gas. He said that Qatar is expected to be 2014 before the annual production capacity of 12 million tons of propane and butane, the country's total output of petrochemical products by 2015 will reach 4.3 million tons.
According to a Reuters survey, the smallest OPEC oil-producing countries in July the average daily output 710,000 barrels of oil. At present annual output of 45 million tons of LNG, Qatar intends to achieve in 2010 an annual output of 77 million tons LNG can.
Aug. 19, 2009
Libya: The world oil demand so far no signs of recovery
Tripoli August 15 news, Organization of Petroleum Exporting Countries (OPEC) members of senior officials of the Libyan oil sector on August 14 said here today that world oil demand so far no signs of recovery in the current market is still over-supply. Libyan Oil Minister and Chairman of the Libyan National Oil Company Shukri Ghanem said: "Let us look at the market supply and demand figures, the current market is still too much supply."
Ghanem said that the world demand for oil has not yet any signs of recovery. Ghanem said OPEC should cut production targets to increase the percentage of completion. OPEC production is being done and the proportion of the target from 80 percent earlier this year dropped to about 70%. OPEC is to predict in the September 9 meeting to cut oil production is still too early.
Institutions of the International Energy Agency in Paris on August 12 have claimed that the department recently increased this year and next year's world oil demand forecast, the International Energy Agency expects global oil demand this year will fall 2.7%.
Aug. 17, 2009
Ghanem said that the world demand for oil has not yet any signs of recovery. Ghanem said OPEC should cut production targets to increase the percentage of completion. OPEC production is being done and the proportion of the target from 80 percent earlier this year dropped to about 70%. OPEC is to predict in the September 9 meeting to cut oil production is still too early.
Institutions of the International Energy Agency in Paris on August 12 have claimed that the department recently increased this year and next year's world oil demand forecast, the International Energy Agency expects global oil demand this year will fall 2.7%.
Aug. 17, 2009
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