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Oil Market
2007
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Pagna Successiva (2)

December

12/20/2007 | Oil Market |

Refineries, +3.3% in the first 10 months

In the first ten months of 2007, Italy's refineries processed 85mn t, up 3.3% over the same period of 2006. The Unione Petrolifera news report of December also affirms that the Cif cost of crude paid by operators in the period was 358.84 euros a ton (-4.2% compared to the first ten months of 2006). ...


12/20/2007 | Oil Market |

Nigeria, Eni production returns to full capacity

Eni reports that its production is back to normal in Nigeria with about 200,000 b/d, after the attacks of the Mend militants on oil infrastructures in the course of 2006. “Production of the company in Nigeria has reached its highest levels in the last quarter of the year”, according to Carlo Russo, ...


12/20/2007 | Oil Market |

November oil consumption falls once again

Following the alternating pattern of the last four months, consumption of oil products in Italy fell once again in November, with 7.257mn t consumed, a drop of 1.9% compared to the same month last year, corresponding to 143,000 t. Five products determined this, beginning with gasoline, which lost 66 ...


12/13/2007 | Oil Market |

Kashagan, Nazarbayev: Eni's role is not in question

Kazakhstan president Nursultan Nazarbayev has stated that Eni's role as operator of the consortium developing the Kashagan oil field is not in question, according to the television network Cnbc. Nazarbayev said that his government will ask the Agip Kco consortium for compensation for delays or an in ...


12/13/2007 | Oil Market |

Eni/Kazmunaigaz agreement for refinery in Turkey

Despite the Kashagan Astana-Agip Kco stop-and-go negotiations (see SN n. 47), Eni and the Kazakh company Kazmunaigaz are said to have reached an agreement to join with the Indian Oil Corporation and Turkey's Calik Holding in a $5bn refinery that the two companies are going to build at the port of Ceyhan, on the Mediterranean coast (see SN n. 25). The refinery will be able to pro ...


November

11/22/2007 | Oil Market |

Iran, pipeline for Kashagan crude


Iran aims to complete a plan by mid 2008 for a 1mn barrels a day pipeline that could facilitate the export of crude from the giant Kashagan oilfield, under development by Eni-led consortium Agip Kco. The news comes from the engineering and construction director of the state Iranian company Nioec, M. ...


11/22/2007 | Oil Market |

Iraq, 2.6mn barrels of Kirkuk crude to Api and Exxon


The Iraqi state company Somo has assigned 2.6mn barrels of crude from Kirkuk to the Italian company Api and the US giant ExxonMobil (see SN n. 42).
In its report, Platts cites a source within Somo. The auction was of 2.6mn barrels, of which 1.6 went to Api and 1 to ExxonMobil. The source added that Somo has prepared a new auction for 6mn ba ...


11/08/2007 | Oil Market |

IRAQ, KIRKUK CRUDE TO ENI AND API

In the sixth auction of 2007, Iraq assigned 3.5mn barrels of crude to five companies, including Eni and Api. The state Iraqi organization for oil sales, Somo, said that the other assignees were Total, Cepsa and a fifth unnamed company. The crude can be loaded at Ceyhan beginning Nov. 12. A new aucti ...


October

10/11/2007 | Oil Market |

IRAQ, ERG GETS KIRKUK OIL

Iraq fifth auction resulted in allocation of 5mn barrels of crude from Kirkuk to six companies, including Erg. The others are Bp, the Spanish firm Cepsa, Royal Dutch Shell, Exxon Mobil and the Turkish company Tupras. The State Oil Marketing Organization (Somo) official making the announcement did no ...


September

09/27/2007 | Oil Market |

“PREZZI ITALIA”, ANOTHER RECORD FOR GASOIL

Another record this week for diesel and heating gasoil in the Sept. 24 “Prezzi Italia” published by the Economic Development Ministry. On the network, diesel is up 7.39 euros over the 567.49 of Sept. 17 to 574.88 euros per thousand liters, while off the network heating gasoil, with a +8.13 euros, ha ...


09/27/2007 | Oil Market |

ENI, NEW DISCOVERY IN EGYPT

Eni has discovered more crude in the Meleiha block in the Egyptian desert. Production from the new well is about a thousand barrels a day and may increase to 1,500. The first Production Sharing Agreement in Meleiha dates back to 1978; extension of the concession was confirmed by the Egyptian parliam ...


09/27/2007 | Oil Market |

REFINERIES, PROCESSING +7%

In the first half of 2007, processing of Italian refineries was 51mn tons, up 7% over the first half of 2006. The Unione Petrolifera data also notes that the Cif cost of crude paid by operators in the period was 334.62 euros a ton, down 10.6%.
...


09/20/2007 | Oil Market |

AUGUST OIL CONSUMPTION SLIGHTLY UP (+0.5%)

After three consecutive months down, August brought oil consumption back$https://www.staffettaonline.com/staffettanews/articolo.aspx?id=6778 into positive territory, registering a +0.5%, which means about 35,000 t on a total of 6,536,000 t sold.
Economic Development Ministry data show th ...


09/20/2007 | Oil Market |

“PREZZI ITALIA”, DIESEL HEATING OIL AT PEAK

“Prezzi Italia”, according to the Economic Development Ministry, show strong increases of 2.26 and 1.87% respectively of automotive gasoil on the network and heating gasoil off the network at the year's peak. Fluid Btz was up too (+0.38%), as was dense Btz (+1.17%). Gasoline was down slightly (-0.21 ...


09/14/2007 | Oil Market |

IRAQ, ENI GETS 1MN BARRELS OF KIRKUK

In an auction, Iraq has assigned 4.68mn barrels of Kirkuk crude to four companies, including Eni, which got 1mn. An official of the State Oil Marketing Organization (Somo), quoted by Dow Jones, gave the news. The other winners are the Spanish company Cepsa (1mn), Exxon Mobil (1.48mn) and the Turkish ...



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