Iran | Egypt Oil & Gas - Part 38

Iran to Boost West Karoun Output by 10%

Iran aims to boost the nominal output capacity from the oil block by 40,000b/d from the present 320,000b/d, according to Petroleum Engineering and Development Company’s (PEDEC) Managing Director, Noureddine Shahnaziz ...

Iran, Indonesia in Talks over Iranian Fields

Indonesia’s state-owned energy company Pertamina will submit proposals to Iran to explore two oil fields in the country, which are located in Ab Teymour and Mansouri.

Iran Ships 24m Barrels of Gas to Asia, Europe Last January

Following removal of international sanctions, exports volume of Iran’s crude oil and gas condensate has climbed from 1.2 to over 2.8mb/d.

Iran to Issue $1.5b Bonds for Petroleum Projects

The legislation grants the oil ministry permission to sell more than $1.5b in bonds for projects shared with neighboring countries.

Iran, Oman,India: A $4.5b Pipeline on Track

The implementation of a plan to build an undersea gas pipeline to export Iran’s gas via Oman Sea and Indian Ocean to India is imminent, according to South Asia Gas Enterprise Pvt Ltd’s (SAGE) Project Director, Ian Nash.

Iran, Total to Finalize $2b Gas Contract

Iran and French energy giant Total will finalize a $2b gas contract in April, according to Iranian Oil Minister, Bijan Namdar Zanganeh.

Iran Ready to Sign 100,000b/d Deal with Moscow

Iranian Minister of Petroleum, Bijan Zanganeh, said Tehran is set to sign a deal with Moscow within early March to sell 100,000b/d of oil to Russia.

Iran Discovered Its First Shale Oil

Iran has discovered its first shale oil reserve containing over 2b barrels of light crude. The deposit is located in the western province of Lorestan.

Saudia Arabia Lost South Korea’s Market Share to Iran

Figures show that Saudi Arabia has lost a significant share of South Korea’s oil market to Iran, as South Korea doubled its imports of Iranian crude in January.

Iran to dissolve NGSC, IGCC

The National Iranian Gas Company’s (NIGC) Managing Director, Hamidreza Araghi, expounded on details of dissolving Natural Gas Storage Company (NGSC) and Iranian Gas Commercial Company (IGCC).

Page 38 of 99

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