Iran | Egypt Oil & Gas - Part 33

Iran Eyes Further Development of South Pars Oil

The reservoir advisor committee at the National Iranian Oil Company (NIOC) has reviewed possible scenarios for enhancing production at Iran’s South Pars oil layer, Offshore Magazine reports. The committee further revi...

New Pipeline Secures Iran’s Gas Needs

Iran’s much-awaited gas pipeline will start streaming by the end of July. The gas pipeline will be capable of providing a steady supply of natural gas to the regions that experienced harsh winters in the past when nei...

Iran Calls for $70B of Investments to Enhance Petrochemical Sector

Iran is going to host an international petrochemical conference in November as an attempt to attract $70 billion of investments to boost the Iranian petrochemical sector, Daily Sun reported. The event is estimated to ...

Shell Seeks Selling Iranian Fuel in International Markets

Royal Dutch Shell is keen on selling Iran’s jet fuel in international markets and is negotiating with government officials, according to the National Iranian Oil Products Distribution Company (NIOPDC), Press TV ...

Iran Loses Indian Oil Market to Iraq

India has reduced its imports of Iranian oil by 33%, while increasing its purchase of Iraqi oil. The decline makes Iran go from second to third biggest oil exporter to India, Al Arabiya reported. India is currently ai...

Iran Signs 33 Oil, Gas MoUs after JCPOA

National Iranian Oil Company (NIOC) signed 33 oil memorandums of understanding (MoUs) with 28 local and foreign companies after the execution of Iran’s deal, also known as the Joint Comprehensive Plan of Action ...

Iran to Sign Petrochemical Deals with Total, Shell

Iran is going to sign contracts with the oil majors Shell and Total for the establishment of petrochemical plants in the country, ILNA reported. The Persian nation is finalizing the negotiations of the technical and f...

Asian Imports of Iranian Oil Fell by 2%

Iranian crude exports to its four main buyers in Asia fell by 2% in May 2017, from a year before. The exports drop is  the first year-on-year decline since January 2016, when Western sanctions were lifted leading to a...

Iran’s Oil Output Stands at 4mb/d

Managing Director of the state-owned National Iranian Oil Company (NIOC), Ali Kardor, said that, according to the preliminary estimates, Iranian daily oil production reached 4m barrels in late April 2017, reported Hel...

Eni Signs Field Study Deal with Iran

Italian Eni signed an agreement with Iran on June 20 for feasibility studies to develop an oil field and a gas field, signaling a possible return to Iran’s upstream sector, reported Reuters. Eni has six months t...

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