India’s Essar Oil Ltd, the country's largest refiner, expects to lower crude purchases from Iran after shipments from OAO Rosneft begin once the Russian state producer completes a deal to buy a 49% stake in the Indian company.
Nigeria has earned about $3.46b in oil and gas revenues between July 2015 and June 2016, with a total of $2.3b coming from crude oil proceeds and $1.17b from gas sales.
The Pakistani Ministry of Petroleum and Natural Resources is negotiating amendments to the Gas Sale Purchase Agreement (GSPA) with Iran for the early implementation of the much-delayed Iran-Pakistan (IP) gas pipeline project.
Tanzania and Mozambique are currently competing for investments to develop their existing gas fields. However, the Tanzania chances are at risk since Mozambique has thrice the amount of natural gas resources and is directly competing with the same investors.
Director for International Affairs of NIOC said that Iran is working on a program that helps convert its spot oil purchase contracts with European partners into long-term agreements.