Europe | Egypt Oil & Gas - Part 7
European Refineries Seek to Maximize Gasoline Output
European oil refiners aim to maximize gasoline output to meet increased global demand for gasoline and naphtha in the Asian and US markets.
Iran Targets Gas Exports for Region, Oil Exports Worldwide
Iran has held negotiations with Georgia about the export of 300-500mcf/d of Iranian natural gas through established channels in Armenia, boosting its profile in the regional market.
Russia Approves Discount on Gas Shipment to Ukraine
Russia has approved a discount on natural gas prices offered to Ukraine at about $212 per 1,000cm of Q1 deliveries.
Iran Resumes Petchems Exports to Europe
Iran has resumed petrochemical exports to Europe for the first time in five years and received payments through an international bank in Spain, previously blocked under the 2011 sanction regime.
ABB Wins $11b Contract for TANAP
Swiss ABB has won a contract worth $11b for the 1,850km Trans-Anatolian Natural Gas Pipeline (TANAP) to deliver Azerbaijan's natural gas from the Shah Deniz 2 field in the Caspian Sea to Europe.
Iran-French Companies to Build Region’s First FLNG Plant
Iranian companies and a French firm have reached an agreement to build the first floating LNG production unit at the offshore Forouzan oilfield, first in the region, with a capacity of 1mt/year.
Iran to Build Oil Refineries in Europe After Sanctions
Iran is finalizing negotiations with Europe to construct refinery units in several European countries that will process Iranian crude oil, and subsequently sell the refined products on local markets.
Iran Prepares Petchems, LNG for Export, Investment Drive
Iran’s Oil Ministry has said that the construction of three petrochemical projects is nearing completion, with the projects to come on stream in the coming months.
