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Iran to invest $70bn in gas
Iran
Iran is planning to invest around $70bn in two major offshore natural gas fields by 2015, Reuters has reported. An official from the National Iranian Oil Company has said $40bn would be needed to complete remaining projects in the South Pars field in a five-year economic plan, which runs until 2015. Another official has mentioned Iran plans to take a Euro1bn bond with Asian banks to finance the development of South Pars.
- » International Petroleum to borrow $5bn
- » Taqa cuts Standard and Poor's link
- » Financing arranged for Bahrain Al Dur project
- » Saudi electricity to spend $28bn to meet rising demand
- » RasGas bonds get Fitch A+ rating affirmation
- » Conoco relaunches Yanbu refinery bidding
- » BP-led consortium wins Iraq contract
- » ADNOC cuts oil supplies
- » MENA Infrastructure buys 32.8% of United Power
- » More Energy, oil and gas news...
Energy, oil and gas press releases
Metito helps to enhance power production in Abu Dhabi
United Arab Emirates
Water and wastewater treatment specialists Metito are helping to give utility supplies in Abu Dhabi a welcome boost following the construction of a new multi-billion dirham Independent Water & Power Plant (IWPP).
- » Nakilat and Qatargas announce the delivery of LNG carrier “Al Rekayyat”
- » IPIC completes $5.0bn fund raising
- » Nakilat, Qatargas announce delivery of LNG carrier 'Al Kharaitiyat'
- » Abu Dhabi National Energy Company terminates relationship with Standard and Poor’s
- » Manazel and Techem join forces
- » Hosting Irena is a national responsibility, announces Bin Butti
- » Bapco receives prestigious certificate of achievement from British Safety Council
- » Shaw selected to provide engineering and design for two grassroots refineries in Iraq
- » Leading oil and gas companies to gather for 4th Annual Corrosion Management Summit 2009
Analysis
Shell’s Chinese connection in Iraq
Iraq
China's hunger for commodities, as well as its lack of squeamishness when investing in political hot potatoes, could make it the ideal partner for Royal Dutch Shell in Iraq. On Tuesday, Shell's outgoing chief executive Jeroen van der Veer was cited as saying that 'Chinese companies’ were part of the process when it came to finding partners to help bid for Iraqi oil contracts.
- » Saudi Arabia projects continuity of oil production
- » Libya’s energy potential lures investors
- » Sinopec pays $2bn for Syrian Investment
- » Shell seizes Iraq gas investment opportunity
- » Jordan poised to enter nuclear age
- » The Saudi Arabia of Solar Energy
- » GCC demand for gas growing faster than for oil
- » Saudi Arabia to invest SR90bn in electricity
- » Gulf oil producers' stance appears vindicated
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