Europe | Egypt Oil & Gas - Part 8
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, down from the initial level of $230, Ukraine News Agency Interfax reported. According to Press TV, Mo...
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, Press TV reported citi...
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, PennEnergy repor...
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, Press TV cited Iran’s ...
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, Fars News Agency ...
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, reported Trade Arabia. The projects include the phase...
Azerbaijan Helping Meet EU Energy Goals Despite Rising Tensions
In an interview with New Europe, Ali Hasanov, a top official in the Government of Azerbaijan, discussed the country’s relationship with the European Union. Azerbaijan acts as an important supplier of Caspian Sea energ...
Iran’s Siraf Refinery Targets Asia, Draws European Attention
“Asia is the center of gravity for oil and all the incremental demand will come from Asia. We are expecting to ship more than 50% of our products to Asia,” said CEO of Siraf Refineries Infrastructure Compa...
