Iran Sanctions: Pergas Consortium Ready to Replace Foreign Contractors
Pergas International Consortium will replace international companies unable to continue work in Iran because of the upcoming reimposition of US sanctions.
Iran | Egypt Oil & Gas - Part 23
Aramco Raises Price of Crude Exports to Asia
Saudi Aramco has increased the price of crude exports to Asian buyers to their highest levels since 2014 amid rising demand for Saudi oil.
Iran Sells First Cargo of West Karoun Crude to Repsol
Iran has sold its first cargo of West Karoun crude oil to Repsol.
Iran, Iraq Begin Crude Oil Swap
Iraq has begun deliveries of crude oil from Kirkuk to Iran, while Tehran will export a similar amount to Iraqi ports on its southern border.
Iran to Install 6 New Rigs at South Pars Field
The Director for Project Planning and Control at Pars Oil and Gas Company (POGC) said on May 31 that sox new oil platforms will be built at Iran’s South Pars Gas Field in the Persian Gulf.
Saudi-Iranian Tension Expected in OPEC’s June Meeting
Iran has stated that it doesn't support Saudi Arabia’s desire to increase global oil supplies.
Chinese Firm To Invest $2B In Iran Oil Refinery
A Chinese investment firm will spend $2 billion on building an oil refinery in the northern Iranian province of Mazandaran.
Iranian South Pars Gas Condensate Exports Rise by 149%
Exports of gas condensate from Iran’s South Pars gas field rose by 149% in May 2018.
OPEC, Russia Consider Relaxing Production Cuts
Saudi Arabia and Russia will discuss allowing oil production to increase by around 1 million barrels per day (b/d) in an effort to ease concerns over a supply shortage and high oil prices.
EU Legislation to Circumvent US Sanctions on Iran
The European Union is updating legislation to allow European companies to avoid US sanctions when doing business with Iran.
