Iran | Egypt Oil & Gas - Part 35

Iran Delayed Oil and Gas Tenders

Iranian National Iranian Oil Company (NIOC)’s CEO, Ali Kardor, stated that the country will refocus on oil and gas tenders after the presidential elections, which will be held on the 19th of May, reported Financ...

Iran to Cooperate with India, Under Conditions

Iran as has new conditions for cooperating with India. As the Islamic country wants India to pay more than triple the gas price for award of the coveted Farzad-B natural gas block to ONGC Videsh, reported Energy Infra...

Iranian Exports to South Korea Falls

South Korea’s oil imports from Iran fell nearly by 38% in April from the month before as Tehran struggled to maintain supply after clearing crude stored on ships, Reuters reported. South Korea, one of Iran’...

Iran to Export Oil to the Philippines

The Philippines National Oil Company’s (PNOC) President, Pedro Aquino, stated the company plans to import from 250,000b/d to 260,000b/d of oil from Iran, as informed on Press TV. The Iranian oil is expected to f...

Iran to Raise Oil Output Capacity

Iran has plans to raise its crude oil production capacity by 3mb/d, Trade Arabia reported, citing a top official of the National Iranian Oil Company (NIOC). According to Hellenic Shipping News, the NIOC’ Deputy Head f...

Iran Moves Forward with Gas Exports

Iran is conducting negotiations with a number of neighboring countries, including Iraq, to export natural gas, Tasnim News Agency reported, citing the National Iranian Gas Company (NIGC)’s Managing Director, Ham...

Iran to Stick to OPEC Decision on Oil Cut Deal

Iran’s Oil Minister, Bijan Namdar Zanganeh, stated that the Persian Gulf country will go along with whatever decision the Organization of Petroleum Exporting Countries (OPEC) makes, at its meeting later in May, on whe...

Iran Stops Gasoline Import

Iranian President, Hassan Rouhani, launched a new refinery that produces around 12m liters of gasoline in its first phase, reported Arab News. IRNA news agency informed media that Iran has become self-sufficient in pr...

Kuwait’s Oil Exports to China Rise 14.7%

Kuwait’s crude oil exports to China in the first three months of 2017 rose 14.7% from the same period of 2016 to 305,000b/d, Kuwait News Agency (KUNA) reported, citing the government’s data. As mentioned by MENA...

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, Rigzone reported, citing Abu Dhabi Investment Authority’s H...

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