Louisiana Light • 3 days | 72.39 | +1.98 | +2.81% | |||
Bonny Light • 2 days | 75.19 | +1.17 | +1.58% | |||
Opec Basket • 3 days | 72.79 | -0.28 | -0.38% | |||
Mars US • 1 day | 71.39 | +1.89 | +2.72% | |||
Gasoline • 1 day | 2.501 | +0.065 | +2.65% |
Bonny Light • 2 days | 75.19 | +1.17 | +1.58% | |||
Girassol • 2 days | 77.03 | +1.40 | +1.85% | |||
Opec Basket • 3 days | 72.79 | -0.28 | -0.38% |
Peace Sour • 2 days | 64.35 | +2.01 | +3.22% | |||
Light Sour Blend • 2 days | 65.65 | +2.01 | +3.16% | |||
Syncrude Sweet Premium • 2 days | 74.60 | +2.01 | +2.77% | |||
Central Alberta • 2 days | 63.95 | +2.01 | +3.25% |
Eagle Ford • 3 days | 66.58 | +2.01 | +3.11% | |||
Oklahoma Sweet • 3 days | 66.50 | +2.50 | +3.91% | |||
Kansas Common • 4 days | 58.25 | -1.50 | -2.51% | |||
Buena Vista • 12 days | 76.15 | -1.09 | -1.41% |
Copper prices touched a six-month…
Oil prices continued to fall…
South African petrochemicals giant Sasol and its partners have signed an investment agreement with the government of Uzbekistan for the development and implementation of a gas-to-liquids (GTL) project in that country. While Uzbekistan has some of the worldâs largest natural gas reserves, the countryâs geographic isolation has meant that most is indigenously used.
The investment agreement terms provides that Sasol and local state-owned oil and gas firm Uzbekneftegaz each hold 44.5 percent interest and Malaysia's Petronas the remaining 11 percent interest, Johannesburgâs SouthAfrica.info website reported.
Sasol CEO David Constable said that the ability to utilize natural gas to make cleaner transport fuels is a key element of a lower emissions energy future, telling journalists, "GTL technology is the most cost effective way of achieving this and, as a world leader in GTL, Sasol is very pleased to be working with partners who have both the vision to see the opportunity and the capacity to act on it."
The GTL project is designed to reduce Uzbekistan's oil imports and will diversify the use of its massive domestic natural gas resources. Uzbekneftegaz will supply the natural gas feedstock for the GTL project from its Shurtan natural gas fields and be the primary purchaser of the projectâs output.
By. Joao Peixe, Deputy Editor OilPrice.com
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