The Organization of Petroleum Exporting Countries computed that, the demand for the oil is arising universally and to satiate the rising demands it requires more than 1.32 million barrels of oil per day. By the end of the next year, the essentiality of oil would further raise to 1.17 million barrels of oil per day. In the New York stock exchange, the light sweet crude oil for the December month nearly 3 dollar per barrel and in the London, the Brent North Sea crude oil few nearly 2.5 dollars per barrel. Iran is considered as the second largest manufacturer of oil, and it is the one of the Organization of Petroleum Exporting Countries, which holds more than ten percent of the universal oil reserves. In this fast growing world the price of the oil is intensifying at a tremendous rate and the cost is increased around 100 dollars per barrel. The representative of the Organization of Petroleum Exporting Countries of Iran Mohammad Ali Khatibi articulated that, the rising price of the oil will not affect the global economy and the currently the price of a barrel is around 80 to 90 dollars. This is considered as the average price and the manufacturers and the costumers are happy with his price. The Complete details on investing in energy, energy investments, investments in energy are found in our site <a rel="nofollow" onclick="javascript:ga('send', 'pageview', '/outgoing/article_exit_link/3670904');" href="/links/?u=http://investmentsinenergy.com"> Investments in Indonesia </a>.

The Emami Group, leading producer of the branded oil has allocated nearly Rs. 950 crore for the next couple of years for enhancing the quality of the edible oil. The top authorities of the company declared that, the company is working hard to develop itself as the healthy and tasty oil manufacturer. Aditya Vardhan Agarwal, the managing director of the Emami Group stated that, the amount allocated will be furnished by the Emami Biotech and it will be a collection of equity and debts and around 30 percent of the funds will be given by the director. The company was also looking at acquiring a 200 tpd mustard oil unit in Rajasthan and the strategy  of the company would be to focus on manufacturing and marketing its own brand.The director of the Emami Group mentioned that, these funds will be allotted for the expansion of their current units and for implementation of the green-field projects.  

The Emami Biotech Limited recently announced that, the company is planning to invest around Rs 400-crore in Ethiopia in an attempt to cultivate and extract edible oil and bio fuel crops.The Emami Group currently is producing 1600 tons of edible oil and in the next couple of years the production is expected to increase twofold according the reports released by the director of the company.  The Emami Group produces various oils such as soya, palm oil, blended sunflower oil and mustard oil. The company is eyeing a Rs 5,000 crore business from oil in the next three years, up from the present Rs 1,000 crore. The Emami Biotech is planning to expand its office in Ethiopia, aiming to extract jatropha which can be used for extracting the bio diesel and castor seed.