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Falling Gas Prices Give Iran Dose of Realism
....93mn cfd) for 2014-15. Managing Director of Pars Oil and Gas Company (POGC) Ali Akbar Shabanpour said in June that output had risen to 431mn m³/d (15.2bn cfd, 157 bcm/year) and that it is planned to hit 526mn m³/d (191 bcm/y) by the end of the current Iranian year (March 2017). Averaging June ou...
Volume: 59Issue: 37Published at Fri, 16 Sep 2016 -
China’s Sinopec Secures Deal For $1.2bn Upgrade Of Iran’s Largest Refinery
...fineries with a combined capacity of 2.04mn b/d (see map). Of the eight greenfield projects, NIORDC has prioritized five: Persian Gulf Star, where the first 120,000 b/d condensate splitter is expected online by the end of March 2017; the Siraf splitters plant; the Hormuz Extra Heavy refinery; Anahita re...
Volume: 59Issue: 37Published at Fri, 16 Sep 2016 -
Surplus To 2018 Leaves Opec No Good Options
...2017 drawdowns and a deficit for the year as a whole. Opec’s latest monthly oil report, also released this week, and last week’s from the US’ EIA are marginally less bearish, though even they project a large surplus of supply over demand for 2017 as a whole. All three have markedly revised up...
Volume: 59Issue: 37Published at Fri, 16 Sep 2016 -
Iran: Government Courts Anti-Laundering Body, Spurring Conservative Backlash
...Iranian government efforts to attract foreign investment are inviting the ire of conservatives ahead of presidential elections in May 2017. The latest battleground between the Iranian government and critical conservative political elements is being formed, and it’s money laundering. An in...
Volume: 59Issue: 37Published at Fri, 16 Sep 2016 -
LNG Prices Edge Higher On Egypt Buying
...minent Egyptian tender for 120 cargoes for delivery throughout 2017 is set to provide further support. • Historically spot LNG prices have more often than not been higher than those under term contracts. But spot prices reacted more quickly than those under term contracts to the collapse in oil pr...
Volume: 59Issue: 37Published at Fri, 16 Sep 2016