Iran | Egypt Oil & Gas - Part 25
UAE: More Pressing OPEC Issues than Iran
The Organization of Petroleum Exporting Countries (OPEC) has more important issues to consider than the US decision to withdraw from the 2015 nuclear agreement with Iran, United Arab Emirates Energy Minister Suhail Mo...
Iran: Domestic Companies Capable of Developing Farzad B Gas Field
Iran will award Farzad B gas field to domestic Iranian contractors if India withdraws from negotiations over the field’s development, Tehran Times reported. The two countries are currently negotiating a $3-4 billion d...
Iran Deal: Saudi Arabia Will Not Act Unilaterally in Oil Markets
Riyadh is working closely with the UAE and Russia on “coordination and market consultations,” regarding the impact of US President Donald Trump’s decision to pull out of the 2015 Iran nuclear deal, an OPEC...
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 the Islamic Republic, Re...
Iran Targets Joint Oil Company with Azerbaijan
Iran is aiming to form a joint oil company with Azerbaijan, according to Iranian Deputy Oil Minister Amir Hossein Zamaninia, the Islamic Republic News Agency reported. The company would be formed within the framework ...
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, Platts reported. DNO stated that its gross production in Q1 2018 averaged 113,9...
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, Reuters reported. “There will be no decision on this in OPEC’s ...
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, the county’s customs data showed, according to the Financial Tribune. South Korea, the world’s fifth-biggest crude oil purchase...
