National Iranian Oil Company has set up its first Beijing office to push for crude sales in China, but the world’s No.4 crude exporter will have a tough job boosting volumes sharply in the absence of a refinery. For full story, click here
Continue reading "Iran’s China Oil Outfit will battle to enhance exports"
Tuesday, December 2, 2008
Malaysia is set to invest up to $14 billion in Iran’s energy sector. For full story, click here
Continue reading "Malaysia to Invest $14bln in Iran"
Tuesday, November 4, 2008
The oil producing country exports 900 mm to 960 million barrels of light and heavy oil from Kharg oil terminal annually. Mousa Souri, MD of Iran’s Oil Terminals Company, said: Heavy oil export of the country is more than the light one adding that based on the quota set by Opec, Iran exports 900million to 960million barrels [...]
Continue reading "Iran Exports 960 milion Barrels of heavy oil annually"
Monday, September 8, 2008
Mohammad-Ali Emadi, director of research and development at the National Iranian Oil Company (NIOC), said: Iran has more than 85 billion barrels of recoverable heavy oil. For full story, click here
Continue reading "Iran has 85b barrels heavy oil reserve"
Monday, September 8, 2008
An oil ministry official was quoted as saying: Iran is shipping the last load of heavy crude oil that was stored in tankers in the Persian Gulf to the Suez Canal for delivery to buyers. For full news, click here
Continue reading "Iran ships last load of heavy oil stored in Persian Gulf"
Thursday, September 4, 2008
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market News As most of you know by now, the barrel price for oil has dropped pr ecipitously in the wake of Gustav’s fairly uneventful passage through the Gulf of Mexico. The drop in prices has weighed down the energy-heavy TSX indexes, energy companies and [...]
Continue reading "Upgrader: September 3"
Sunday, August 31, 2008
An official reported, Iran has an estimated more than 85 billion barrels of reserved heavy oil, suggesting about 60 per cent of the country’s reserves are of that crude category Emadi was quoted as saying: China has obtained good experience in the past few years in the extraction of heavy oil, and it has managed to [...]
Continue reading "Iran has an estimated 85b barrels heavy oil reserve"
Monday, July 21, 2008
Iran may utilize Venezuela’s production technology in the production of extra heavy oil. Iran OPEC’s governor, Mohammad Ali Khatibi, was quoted as saying: Venezuela has already brought some of its extra heavy oil reserves to production but that the level of production of this type of oil is heavily dependent on its special market since [...]
Continue reading "Iran and Venezuela seek heavy oil cooperation"
Wednesday, July 16, 2008
National Iranian Oil Company (NIOC) dismissed reports about Total’s withdrawal from the nation’s South Pars gas deal. An NIOC official was quoted as saying: Total had been previously active in Iran’s oil industry and promised to participate in the development of Phase 11 of the South Pars gas field. For more information on this news, visit here
Continue reading "Total to remain loyal to projects in Iran"
Tuesday, July 15, 2008
By Duncan Sutherland – Exclusive to HeavyOilInvestingNews.com The provincial government of Alberta announced that it will invest $4 billion (CDN) of hydrocarbon royalties into carbon capture and storage technology. Ed Stelmach’s Conservative government will create two separate funds. The first will be used to “finance large projects to capture and store carbon dioxide emissions from [...]
Continue reading "Upgrader: July 14"
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Wednesday, June 10, 2009