Louisiana Light • 2 days | 80.56 | +0.97 | +1.22% | |||
Bonny Light • 1 day | 80.18 | -1.62 | -1.98% | |||
Opec Basket • 2 days | 83.89 | +0.49 | +0.59% | |||
Mars US • 28 days | 79.71 | -2.05 | -2.51% | |||
Gasoline • 10 mins | 2.190 | +0.014 | +0.65% |
Bonny Light • 1 day | 80.18 | -1.62 | -1.98% | |||
Girassol • 1 day | 80.80 | -1.76 | -2.13% | |||
Opec Basket • 2 days | 83.89 | +0.49 | +0.59% |
Peace Sour • 7 hours | 59.71 | -1.90 | -3.08% | |||
Light Sour Blend • 7 hours | 63.56 | -1.90 | -2.90% | |||
Syncrude Sweet Premium • 7 hours | 68.16 | -1.90 | -2.71% | |||
Central Alberta • 7 hours | 61.71 | -1.90 | -2.99% |
Eagle Ford • 2 days | 74.34 | +1.45 | +1.99% | |||
Oklahoma Sweet • 2 days | 74.00 | +1.25 | +1.72% | |||
Kansas Common • 4 days | 65.00 | -0.75 | -1.14% | |||
Buena Vista • 4 days | 80.98 | -0.43 | -0.53% |
A year after President Joe…
Oil prices continued to climb…
According to Tajikistanâs Finance Ministry, next year the government will assign more than $223 million of budgetary funds to continue construction of the Rogun hydroelectric facility.
In a statement the Finance Ministry stated, "The country's ministries and bodies are now considering a project of funding the Rogun power plant and a draft state budget for 2012.
The parliament's lower house will adopt the final decision on the state budget, and on the Rogun project, in particular, in November this year, while considering a Tajik draft law 'On Tajikistan's state budget for 2012'," the Avesta news agency reported.
The 3,600 megawatt Rogun hydroelectric power station is situated on the Vakhsh River, 70 miles east of the capital, Dushanbe. If built, it would be Central Asia's largest and would allow Tajikistan to export electricity to both Afghanistan and Pakistan.
Two years ago the Tajik government issued Rogun stock and made it compulsory for citizens to purchase nearly $700 worth of shares, a sum exceeding most Tajiks' annual income, in order to collect $600 million for construction to continue, only abandoning the scheme after the International Monetary Fund criticized the proposal.
Tajikistanâs western downstream neighbor Uzbekistan has harshly criticized the Rogun project, fearing that it could disrupt water flows, needed during the spring and summer for Uzbekistanâs extensive agricultural base.
By. Joao Peixe, Deputy Editor OilPrice.com
Oil Prices Fall Further As U.S. Crude Oil Inventories See Major Build
Second Israel-Linked Vessel Seized in the Gulf of Aden
OPEC Said To Consider Additional 1 Million Bpd Output Cut
OPEC+ Reaches Preliminary Agreement to Deepen Oil Production Cuts
Crude Oil Inventory Balloons but Gasoline, Diesel Inventories Fall
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