Iran | Egypt Oil & Gas - Part 35

Saudi Arabia Loses Market Share to Iran, Iraq

Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies to bolster prices.

Iran to Export Gas to Pakistan

Iran is ready to export gas and electricity to Pakistan, in addition to a short-term agreement on natural gas exports to Georgiathrough the territory of Armenia.

Iran to Export LPG to India

Iran is seeking to diversify its commodities exports.

Iran, Russia to Build 2 Nuclear Power Plants

The cooperation contract signed between Russia and Iran sets that two nuclear plants will have 1,000 MW of capacity each.

Iran to Join Oil Production Cuts

Iran announced that it is ready to join the OPEC oil production cuts despite being exempted from the initial production cuts agreement, which allowed it to boost its crude output to about 4m barrels.

MENA Oil Exports to South Korea Increased

South Korea monthly imports reached 2.26m tons of crude oil from Iran and 3.52m tons oil from Saudi Arabia during March.

Iran Increases Oil Output at South Azadegan

Iran increased its oil production from South Azadegan by 30,000 b/d, reaching a production of 80,000b/d of oil at the field.

Iran Inaugurates Projects Worth $20b

Iran officially inaugurated 10 major oil, gas, and petrochemical projects, including five phases of the South Pars gas field.

Iran Delayed Contracting Chosen Bidders Until Reviewing IPC

The Iranian Petroleum Contract (IPC), has been delayed since Iran’s Security Council is still reviewing it , delaying the operation of the 29 foreign oil and gas companies, that were shortlisted by Iran as bidders f ...

US Greenlights BP in Iran

UK’s BP stated that the authorization to operate Iran’s Rhum gas field was obtained in September 2016.

Page 35 of 99

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