Öl, die Achillesferse der Weltwirtschaft / Energieversorgung

[Shahab3]

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Tehran, Seoul ink gas deal
TEHRAN, Dec. 8 (MNA) -- Iran and a South Korean company have recently signed a $750-million contract for carrying out a project in giant South Pars gas field.

It is estimated that the Korean company will take the leading role in development plan of South Pars gas field’s phases 17 and 18.
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Iran sees $100 oil price 'quite normal', crisis ahead
TEHRAN, Dec. 7 (MNA) - Iran's OPEC governor believes the supply of oil with at a price of $100 price is quite normal in short term, warning that the world would face a looming oil supply crisis because of production declines of up to 10% from producing fields.

"The world faces great uncertainties in security of energy supply and that the price of crude is still undervalued and set to hit $100 in the short term," Mohammad-Ali Khatibi stated.

"The world is concerned about the security of energy supply due to the anticipation of a drop in global oil production and a drop in the supply from non-OPEC countries," he added.

The era of cheap oil was over, he said, adding that current oil prices were unrealistic when compared with historic prices and a higher oil price was needed to guarantee investment in new capacity, "which is one of the solutions for supply security."
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