Iran | Egypt Oil & Gas - Part 30
Iranian Exports to Asia Hit 6 Month High
Iranian exports to China, South Korea, India, and Japan climbed 20% in September, compared to August, to reach 1.9 million barrels per day (b/d), Reuters reports. The figure represents a 5.1% year-on-year (y.o.y.) inc...
Some ME Oil Exporters Could Run Budget Surpluses
With rising oil prices, Iran, Iraq, Kuwait, and Qatar could run budget surpluses next year if prices remain stable, Bloomberg reports. Oil prices will float between $50 to $60 per barrel for the “medium term,” accordi...
Fire Kills 4, Destroys Drilling Rig at Iran’s Rag-e-Sefid
A fire on an oil platform in Iran’s Rag-e-Sefid oilfield killed four people and destroyed the Fatah 95 drilling rig, Iranian media reports, according to KUNA. The fire has been blamed on a leakage of combustible mater...
Iran Looks to Export LNG
Iran signed a contract for the conversion of natural gas into liquefied natural gas (LNG) for export, the state-run Shana news agency reports. Under the terms of the contract, Iran will supply natural gas to a floatin...
Fire at Iranian Refinery in Tehran Kills 6
A fire at an Iranian refinery in Tehran killed six workers and injured two more, Iranian state-run media reported, according to Reuters. The incident was apparently caused by a technical issue. “Unfortunately technica...
Iran’s Yadavaran Oilfield Producing 112,000 b/d
Production from Iran’s Yadavaran oilfield has reached 112,000 barrels per day (b/d), according to Hadi Nazarpour, an official overseeing the field’s development, state-run Shana News Agency reports. Production could i...
Iran Wants to Extend Production-Cut Agreement
Iran favors an extension to the production-cut agreement between OPEC and some other, non-OPEC oil producers until the end of 2018, an Iranian official told Bloomberg. “We are pleased with the way OPEC has decided to ...
Kuwaiti Oil Minister: Markets Steady Despite Concerns over Iraq & Iran
Despite simmering tensions in Iraq and uncertainty over the Iran nuclear agreement, world oil supplies have remained steady, according to the Kuwaiti Oil Minister, Essam El Marzouq, Reuters reports. “Unit now there ar...
