Iran | Egypt Oil & Gas - Part 22
MAPNA to Develop Oilfields in Khuzestan Province, Iran
Iranian engineering and energy enterprise MAPNA Group have signed a contract with the National Iranian South Oil Company (NISOC) to develop the Paranj and Parsi oilfields in the Khuzestan Province in Iran, The Financi...
Oil Exports From Iranian Port Rise 40%
Oil exports from the Shahid Bahonar port in southern Iran have risen by 40% over the past four months, Mehr News Agency reported. The director general of the Shahid Bahonar port Hamid Reza Mohammad Hosseini presented ...
India’s Reliance Industries to Stop Iran Oil Imports
Reliance Industries Limited (RIL), operator of the world’s largest single-location refinery processing about 1.4 million barrels per day (b/d), announced that it will stop importing Iranian crude from November t...
Iran to Bring Two New South Pars Gas Refineries Online
Iran is preparing to bring two new gas refineries that cover phases 13, 22, and 24 of the South Pars gas field online, Managing Director of South Pars Gas Company Hadi Hashemzadeh-Farhang told the Islamic Republic New...
Turkey Vows to Keep Buying Iranian Oil Despite US Sanctions
Turkey has rejected US pleas to curtail crude imports from Iran, telling US officials that it is under no obligation to implement Washington’s sanctions regime against Tehran, according to Reuters. “We do not ha...
Kuwait to Buy UK Pipeline Firm for $1.7B
Wren House, the UK investment arm of Kuwait’s sovereign wealth fund (KIA), has agreed to purchase the pipeline firm North Sea Midstream Partners (NSMP) from ArcLight Capital for roughly $1.7 billion, according to Reut...
Kuwait’s Donated Oil Shipment Arrives in Iraq
An oil tanker containing supplies of gas oil donated by the Kuwaiti government arrived in the Iraqi port of Basra on July 23, Kuwait News Agency (KUNA) reported. The donation of 18,000 tons of gas oil was ordered by t...
Iran Becomes India’s Second Highest Oil Supplier
Iran overtook Saudi Arabia to become the second biggest oil supplier to Indian state refineries between April and June 2018, Reuters reported. Tehran’s willingness to offer discounted oil meant that India import...
