Louisiana Light • 2 days | 71.98 | -3.80 | -5.01% | |||
Bonny Light • 22 hours | 75.09 | +0.06 | +0.08% | |||
Opec Basket • 2 days | 78.31 | -1.38 | -1.73% | |||
Mars US • 34 days | 79.71 | -2.05 | -2.51% | |||
Gasoline • 10 mins | 2.029 | +0.028 | +1.38% |
Bonny Light • 22 hours | 75.09 | +0.06 | +0.08% | |||
Girassol • 22 hours | 75.14 | -0.12 | -0.16% | |||
Opec Basket • 2 days | 78.31 | -1.38 | -1.73% |
Peace Sour • 21 hours | 53.13 | -2.94 | -5.24% | |||
Light Sour Blend • 21 hours | 56.98 | -2.94 | -4.91% | |||
Syncrude Sweet Premium • 21 hours | 61.58 | -2.94 | -4.56% | |||
Central Alberta • 21 hours | 55.13 | -2.94 | -5.06% |
Eagle Ford • 2 days | 65.86 | -3.66 | -5.26% | |||
Oklahoma Sweet • 2 days | 66.25 | -3.25 | -4.68% | |||
Kansas Common • 2 days | 59.75 | -2.75 | -4.40% | |||
Buena Vista • 3 days | 78.44 | -0.72 | -0.91% |
The potential for Venezuela, an…
Hungarian Prime Minister Viktor Orban…
Tajik President Emomali Rahmon launched the construction of the countryâs first oil refinery during a working trip to the town of Tursunzoda in the Shahrinav district.
Â
Energy-poor Tajikistan has suffered from high hydrocarbon energy import bills since 1991. In 2009 and the CIA estimated that Tajikistan produces only 221 barrels per day of oil, as opposed to its consumption rate of 38,000 barrels per day.
Â
Tajikistan began considering construction of an oil refinery after Russia introduced export duties on light oil products. According to official data, Tajikistan now spends annually $343 million on oil imports, out of a state budget of roughly $2 billion.
Â
The oil refinery will be built in the Shahrinav district, 30 miles from the capital Dushanbe and will have an initial annual production capacity of 100,000 tons of oil per year. Rahmon suggested that if funding could be found to increase the refineryâs capacity up to 500,000 tons per year then 90 percent of the country's fuel and lubricants would be met by the new installation, Moscowâs Regnum news agency reported.
Â
Energy analysts state that the kind of refinery envisaged for Tajikistan plants can be built in four-five months at a cost of $100 to $150Â million and could pay for itself within eight months under local conditions.
By. Charles Kennedy, Deputy Editor OilPrice.com
Venezuela Orders “Immediate” Start of Oil Exploration in Disputed Territory
Crude Oil Tanks Nearly 4% as US Output Overshadows OPEC
Second Israel-Linked Vessel Seized in the Gulf of Aden
Saudi Arabia May Have Set the Price of Its Oil Too High
OPEC Said To Consider Additional 1 Million Bpd Output Cut
ADVERTISEMENT
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com