Iran | Egypt Oil & Gas - Part 37

Iran to Keep Oil Production at 3.8mb/d

Iran will keep its oil production cap at 3.8mb/d in the second half of 2017 if OPEC members stay committed to the oil cut agreement signed in November 2016.

Iran Signs $3.2b Oil Deal with Hyundai

The fund will be directed to the second phase of the Kangan oil production and refinery project in the southwest part of Iran.

Iran’s Oil Exports Hike to 3mb/d

Iran's crude oil exports hit a record 3mb/d in the Iranian month of Esfand (late February to late March). The country was released in 2016 from trade restrictions.

Iran’s Southern Field Production Exceeds 5bcm

Phase 19 of Iran’s South Pars gas field so far has produced nearly 5.5bcm of natural gas.

South Africa to Study Construction of GTL Plant in Iran

Iran and South Africa are considering building a GTL plant in Iran.

Iran in Talks with S Africa to Export 100,000b/d, Purchase Refinery Shares

Iran's Oil Minister said that Iran is ready to deploy 100,000b/d of crude oil to South Africa as well as to purchase refinery shares there.

Lukoil Targets New Projects in the Middle East

Russian oil giant Lukoil is targeting new projects in the United Arab Emirated (UAE), Iran, Oman and Kuwait as it plans to expand its operations in the Middle East.

Iran, Shell Close to Sign Kish Gas Field Deal

Iran says it may start negotiations with global energy giant Shell over the development of Kish gas field, which holds the country’s largest reservoirs of natural gas after South Pars.

Siemens to Build Power Equipment in Iran

Iran has signed a preliminary deal with Germany’s Siemens to manufacture equipment for the country’s electricity industry.

Iran Eyes $80b Oil Deals Despite Trump’s Threat

Iran is negotiating $80b of oil deals for signing, some of which are expected to be finalized no later than June.

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