MOSCOW, Russian Federation Finance Minister Alexei Kudrin November 24 by the newspaper Vedomosti reported that Russia's economy organized by the Russian financial annual forum, said there is no sharp depreciation of the dollar, oil prices within the next two years may be 60 U.S. dollars a barrel. According to Kudrin said, so far, oil prices has been maintained at 70-80 U.S. dollars per barrel, oil prices next year may continue to remain at this level.
Kudrin in his speech, did not rule out oil prices are likely to exceed this level in the short term, however, oil prices rose after two years may be 60 U.S. dollars a barrel. Russia's economic news agency Prime-Tass news agency quoted Alexei Kudrin as saying, "weak dollar" increased oil prices. Not further depreciation of the dollar, oil prices may drop to 60 U.S. dollars a barrel.
Nov. 27, 2009
Zambia plans to grant 11 workforce oil exploration licenses
Message on 19 November, the Minister of mineral resources in Zambia Maxwell Mwale Thursday, said that the Government is prepared to grant the country's Eastern, Western and North-western part of 11 workforce exploration licenses.He said that the current seven companies bid successfully 11 workforce, the Government is currently in the process of grant of license.
While block will be announced next year.In June of this year, Zambia has released is located at the junction with Angola workforce of 23 international tenders.The Minister said that these seven companies including Canada oil & gas company, American Exile resources Glint Energy Inc., the British GP oil and Petrodel resource companies as well as local three companies.
Nov. 21, 2009
While block will be announced next year.In June of this year, Zambia has released is located at the junction with Angola workforce of 23 international tenders.The Minister said that these seven companies including Canada oil & gas company, American Exile resources Glint Energy Inc., the British GP oil and Petrodel resource companies as well as local three companies.
Nov. 21, 2009
Brazil said the Tupi oil reserves of up to 8 billion barrels
Brazil's state oil company said today, after the Tupi oil and gas fields discovered on estimates of reserves, the oil and natural gas reserves at about 5 billion -8 billion barrels of oil equivalent. Tupi oil and gas fields in the Americas region since the 70s of last century since the discovery of the largest oil and gas fields. The oil and gas fields of storage depth of approximately 2100 meters.
Tupi oil and gas field belong to BM-S-11 exploration areas, by the Brazilian National Petroleum holds 65%, British Gas Group, holding 25 percent, Portugal, Galp Energy Group holding 10%.
Nov. 14, 2009
Tupi oil and gas field belong to BM-S-11 exploration areas, by the Brazilian National Petroleum holds 65%, British Gas Group, holding 25 percent, Portugal, Galp Energy Group holding 10%.
Nov. 14, 2009
OPEC: Global oil demand next year by 700,000 barrels per day
According to Norwegian media reports in Vienna November 10, Organization of Petroleum Exporting Countries (OPEC) Secretary-General Abdallah El-Badri said here today that, due to demand after a two-year contract began to recover after the increase in global oil demand in 2010 years will increase 700,000 barrels per day.
Badri said that China and India next year, will lead the global economic growth, OPEC expects world GDP will grow next year, 2.7%, compared with its July forecast of 2.3% increased 0.4%. These signs that global economic contraction in the 4th quarter of this year, weakened, most people believe that global oil demand contracted by two years after the rebound. Global oil demand by 2013 will be gradually increased to reach 1.2 million barrels per day level.
Nov. 12, 2009
Badri said that China and India next year, will lead the global economic growth, OPEC expects world GDP will grow next year, 2.7%, compared with its July forecast of 2.3% increased 0.4%. These signs that global economic contraction in the 4th quarter of this year, weakened, most people believe that global oil demand contracted by two years after the rebound. Global oil demand by 2013 will be gradually increased to reach 1.2 million barrels per day level.
Nov. 12, 2009
2015, Venezuela's oil investments will exceed 200 billion USD
Venezuelan Energy and Oil Minister Rafael Ramirez said the president of state oil company, according to the 2005 policy of "sowing the oil program" to Venezuela's oil industry by 2015, total investment will reach 225 billion U.S. dollars, of which 100 billion U.S. dollars will be devoted to the development of the Orinoco heavy oil belt, when Venezuela's oil production is expected to reach 4.25 million barrels / day, of which the output of heavy oil belt from the current 53 million barrels / day to 185 million barrels / day. Venezuela's oil output by 2021 is expected to be further expanded to 6.86 million barrels / day, in which heavy oil production with 466 million barrels / day.
Past two years, Venezuela's oil industry, the annual amount of investment of around 15 billion U.S. dollars are expected to next year's investment will be maintained at the same level. Currently, Venezuela has proven reserves of 1423 billion barrels of oil in 2010 is expected to reach 3160 billion barrels, of which 2350 billion barrels of heavy oil for heavy oil belt.
Nov. 10, 2009
Past two years, Venezuela's oil industry, the annual amount of investment of around 15 billion U.S. dollars are expected to next year's investment will be maintained at the same level. Currently, Venezuela has proven reserves of 1423 billion barrels of oil in 2010 is expected to reach 3160 billion barrels, of which 2350 billion barrels of heavy oil for heavy oil belt.
Nov. 10, 2009
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