Iran | Egypt Oil & Gas - Part 18
Gulf OPEC Members to Raise Output in Case of Shortage
The Gulf members of the Organization of the Petroleum Exporting Countries (OPEC) plan to meet the oil market demand in case of a supply shortage, according to OPEC sources, Reuters reported. “The question is how fast ...
Oil Prices Surge as Iran Sanction Waivers End
Oil prices have surged on April 22 as the US finalizes its decision to impose sanctions on Iranian oil importers, Reuters reported. Brent crude reached $74.3 per barrel, up by 3.3%, hitting a five-month high since its... Iran to Award E&P Contracts to Local Companies
Iran may award up to five exploration and production (E&P) contracts to some of its national oil companies (NOCs), with the first deal expected in the coming months, Reuters reported. The National Iranian Oil Comp...
Iran, Iraq to Develop Two Oilfields
Iran and Iraq are working on developing two oilfields, the Naft Shahr and Khorramshahr, on their mutual border, according to Iranian Oil Minister Bijan Zanganeh, Reuters reported. Zanganeh did not provide any further ...
Exports Launched in Iran’s South Pars New Phase
Iran has exported 300,000 barrels of gas condensate from a new phase of the South Pars field, according to phase 13 project operator, Payam Motamed, Reuters reported citing ISNA. On March 17, Iranian President Hassan ...
Iran Inaugurates South Pars New Phases
The Iranian President, Hassan Rouhani, inaugurated the new four development phases of South Pars field on March 17, according to a Twitter statement by the Iranian oil ministry, Reuters reported. Iran had announced th...
Gas Pipeline Explodes in Iran
A gas pipeline has exploded in Southwest Iran on March 14, Zawya reported citing the Iranian Students News Agency (ISNA). “Gas leakage from a pipeline that linked the gas network from Mahshahr city to Ahvaz city...
Iran to Launch Pars Field Development Phases
Iran plans to launch four new phases to develop the South Pars oilfield, Reuters reported. The country did not provide any further information about when the new phases will be launched. During February, the productio...
