Iran | Egypt Oil & Gas - Part 29
Iranian Crude Exports to S Korea Plunge 21.6%
Iranian crude exports to South Korea in November plunged 21. 6% from October’s totals, Reuters reports. The Middle Eastern oil exporter shipped 1.3 million tons of crude to South Korea during the month of November (31...
Gazprom Signs MoUs with Iran
Gazprom signed two memoranda of understanding (MoU) with Iran for the development of Iran’s natural gas assets, Xinhua reports. The Russian oil company signed the MoUs with the National Iranian Oil Company (NIOC) and ...
Iranian Crude Exports to India Continue to Fall
Indian imports of Iranian oil fell to a 21-month low in November, Reuters reports. Imports from Iran were down 43% from October to 266,000 barrels per day (b/d), according to data compiled by news agency. India is set...
Iraq, Iran Sign Oil-Swap Agreement
Iraq has signed a one-year oil-swap deal with Iran, the Iraqi Oil Minister, Jabar El Luaibi, announce, according to Reuters. Iraq will export between 30,000 and 60,000 barrels per day (b/d) from its northern Kirkuk oi...
Kirkuk Crude to Go to Iraqi, Iranian Refineries
Iraq plans to channel most of the output from the disputed Kirkuk oilfields to Iraqi oil refineries, an Iraqi official told Reuters. The Iraqi refineries under consideration are the Dora and Baiji refineries. In addit...
Iran Offers Deeper Discounts to Retain Market Position
In a bid to retain its market position, Iran is lowering its crude oil prices vis-à-vis Saudi Arabia, Reuters reports. Iran’s national oil company, the National Iranian Oil Company (NIOC), lowered its December prices ...
Iran Threatens Total’s Investments
Iran warned Total that it would forfeit its investments in Iran if it exits a development contract for the South Pars natural gas field, Reuters reports. “If Total, without the enforcement of [UN] Security Council san...
Bahraini Government Links Iran to Pipeline Explosion
The Bahraini government has blamed a pipeline explosion on Iranian-instigated terrorism, Reuters reports. “The incident was an act of sabotage and a dangerous act of terrorism aimed at harming the higher interest of t...
