Iran | Egypt Oil & Gas - Part 2
Third Iran-Linked Tanker Records Transit Through Strait of Hormuz
Shipping data recorded on April 14 showed that a third Iran-linked tanker was transiting the Strait of Hormuz on the first full day of the US blockade on vessels calling at Iranian ports. US President Donald Trump ann...
Iranian Crude Flows Through Hormuz as Gulf Exports stall
Iranian crude oil has continued to flow through the Strait of Hormuz at near‑normal levels, according to a Reuters analysis of tanker tracking data, even as Tehran‑linked attacks on vessels have sharply reduced export...
Iran Blocks Strait of Hormuz
Iran has been sending radio signals to ships stating that no vessel is allowed to pass through the Strait of Hormuz, according to Reuters. Ships navigating near the waterway have received very high frequency (VHF) tra...
Oil Prices Surge, LNG Supplies at Risk if Strait of Hormuz Closes: IEA Report
The International Energy Agency (IEA) stated in a report that any disruption to transit flows in the Strait of Hormuz (SoH) would have significant consequences for global oil and LNG markets. The report, issued in Dec...
Iran’s Boosts Oil Storage Capacity with 2M barrels
Iran, one of the largest oil exporting countries and a key player in the Organization of the Petroleum Exporting Countries (OPEC), has recently increased its oil storage capacity by adding 2 million barrels, after sta...
NIDC Drills 8 Oil and Gas Wells in One Month
The Deputy CEO of the National Iranian Drilling Company (NIDC) for Drilling Operations Hamidreza Shafiei-Makvand announced that it drilled and completed eight oil and natural gas wells during Farvardin (March 21–April...
Iran Shows Readiness to Export Petrochemicals to Africa
Iran’s First Vice President, Mohammadreza Aref, announced the country’s readiness to export petrochemicals to Africa in support of the continent’s industrial growth. He said this during his speech at the third Iran-Af...
Iran to Develop 50 Gas Fields to Increase Production by 500 MMCM/D
The Acting Head of Engineering and Development at the National Iranian Oil Company Reza Aqebati announced that they will allocate $41 billion of investment packages to develop 50 natural gas fields, among them 35 proj...
