Iran | Egypt Oil & Gas - Part 39
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).
Total Mulls $2b Investment in Iranian Gas Fields
French oil major Total plans to make a final investment decision (FID) on a $2b gas project in Iran by the summer, but the decision hinges on the renewal of US sanctions waivers.
Iran, Oman Signed Offshore Gas Project Deal
Tehran and Muscat signed a preliminary agreement for a major offshore pipeline project to supply Iranian natural gas to Oman, with top European and Asian companies reportedly in line to implement the project.
Iran Targets $8.6b Refinery Deals
Iran expects to sign its biggest oil refining contracts worth $8.6b with a number of Japanese, Chinese, and South Korean companies.
Iran to Increase Output to 4mb/d
Iran will increase output to 4mb/d by March despite agreeing with OPEC that Tehran would not exceed the level of 3.79mb/d.
US Firms Out of Iran’s Oil Tenders
US companies stand no chance in participating in bidding for Iran’s oil fields, which the country plans to develop with international help, as American sanctions make such activities impossible.
Iran Extends Deadline for Oil, Gas Bids
National Iranian Oil Company (NIOC) has extended its deadline for bids on oil and gas projects to February 15th.
