Iran has made it abundantly clear that it has no plans to sell shares in the country’s LNG scheme to foreign companies, scheduled to be completed within three years.
Press TV quoted Mohammad Keramati, the head of the Iranian Research Institute of Petroleum Industry, as saying that more than 490b barrels of Iran’s oil reserves are not recoverable without the right technologies.
Egypt's top prosecutor will appeal a court ruling acquitting former president Hosni Mubarak's Petroleum Minister Sameh Fahmy of the charge of exporting gas to Israel below market prices.