Oil Spikes as Trump Exits Iran Deal
Oil prices rose more than 2% on May 9, after President Donald Trump announced the US withdrawal from the Iran nuclear deal and a reimposition of the "highest level" of sanctions on Tehran.
Iran | Egypt Oil & Gas - Part 24
Iran Targets Joint Oil Company with Azerbaijan
Iran seeks to form a joint oil company with Azerbaijan, according to Iranian Deputy Oil Minister Amir Hossein Zamaninia.
Norway’s DNO to Increase Activity in Kurdistan
Norwegian oil and gas operator DNO announced on April 26 that it intends to expand and accelerate operations in Kurdistan, northern Iraq.
No Extension Needed on OPEC Cuts if Prices Continue to Rise: Iran
An extension to the oil production cuts will not be necessary if crude prices continue to rise, Iranian Oil Minister Bijan Zanganeh has said.
South Korean Imports from Iran Fall in March
South Korean imports of Iranian crude oil dropped by 39.3% year-on-year (Y.o.Y) in March 2018, the county’s customs data showed.
Oman, Iran Agree to Finalize Undersea Gas Pipeline Deal
Oman and Iran have agreed to finalize a cooperation pact for an offshore pipeline project from the Islamic Republic to Sohar Port in northern Oman.
South Pars to Increase Output by 84 mcm/d by September
The daily output from South Pars gas field will rise by 84 million cubic meters (mcm) to 654 million cubic meters per day (mcm/d) by late September 2018.
Essar Oil Pays $2.5B in Debt to Iran
Indian company Essar Oil has paid $2.5 billion in debt to Iran.
Iran to Halve Gasoline Imports
Iran plans to halve its gasoline imports during summer 2018.
Russian Iran Hydrocarbon Investments May Exceed $50 B
Russian presidential aide Yuri Ushakov announced on April 2 that Russia could invest more than $50 billion in Iranian oil and gas fields.
