Reza Padidar, famous energy specialist, said in his interview to Economic Radio that price of Iranian light oil is above $107 per barrel and during 6 months, 2013 Iran’s incomes from crude oil export totaled $23 billion, reported IRIB News.
Padidar added that by having increased oil production up to 4 million barrels a day, Iran will strengthen its positions in OPEC.
He said that Iran exports in average 1,209,000 barrels of oil a day. He said investments are needed for various fields of oil industry, especially the oil extracting industry, especially as the 5-year program of the country development (2011-2015) envisages increase in the oil production volume up to 5 million barrels a day.
It is real to achieve this production level, if the country attracts foreign and local investments and a special attention should be paid to the Iranians living abroad, who have as minimum $850 billion.
He mentioned that Iran has wide possibilities for oil export and added that there are minimum 18 oil refineries in the world, which use Iranian oil as raw material. Iranian oil has good quality and they simply cannot give it up.—0—
Economics
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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Azerbaijan and Israel have agreed to establish a working group on the development of cooperation in the field of transport, Minister of Digital Development and Transport Rashad Nabiyev said on Friday on the social network "X".
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Discussions on "green energy" were held on November 22 in Istanbul, during the energy forum, involving Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, Georgia's First Deputy Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, Bulgaria's Minister of Energy Rumen Radev, and Azerbaijan's Minister of Energy Parviz Shahbazov.
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A meeting between Azerbaijan's Minister of Energy Parviz Shahbazov, Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, and Bulgaria's Minister of Energy Vladimir Malinov took place on November 22 in Istanbul, within the framework of the international energy forum, according to Azerbaijan's Ministry of Energy.
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