Iranian president urged investors to invest capital into oil and gas industry of the country
Iranian President Hasan Rouhani has offered the world oil and gas companies to invest $110 billion into the Iranian oil industry and $75 billion into the petrochemical field.
He also told to the representatives of big companies at the World Economic Forum in Davos that they could invest $33 billion into the railway projects in Iran. The statement was made at the meeting with about 30 top managers of big energy corporations within the framework of the forum, reported Fars agency.
Meanwhile, the Iranian Oil Ministry has decided to postpone the conference scheduled for April 2014 in London, where it was planned to present the new schemes of contracts with foreign investors in the oil industry. Mehdi Hosseini, head of the Committee created in the Ministry to draft new oil contracts, said that the conference will take place in July 2014. He also refuted statements of media about postponement of the conference till November 2014.--0--
Economics
-
Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
-
The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
-
On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
-
Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
Leave a review