Iran | Egypt Oil & Gas - Part 41
Japan Buys Gas Condesates from Iran
The National Iranian Oil Company sold its first cargo of gas condensates from South Pars Phases 20 and 21 to Japan, Financial Tribune informed. According to Iran’s Oil Terminal Company’s (IOTC) Managing Di...
Iran to Pay Turkey $1.9b in Gas Supply Compensation
Iran will pay $1.9b compensation to Turkey in line with the decision of the International Court of Arbitration, which ruled in favor of Turkey over a gas price dispute between the countries that dated from 2012, Daily...
Siemens Supplies 12 Compressor Trains to Iran
Siemens has been awarded a contract by Hampa Engineering to supply 12 compressor trains for two onshore natural gas processing plants in Iran, Tehran Times reported. The 12 compressor trains each contain a Siemens STC...
Iran Strikes a Deal with Austrian Major Oil Company
Austria’s major integrated oil and gas company, OMV, has signed a preliminary agreement with Iran’s Dana Energy Co for collaboration in upstream oil and gas exploration/production sector, Financial Tribune...
Iran Denies Possessing Seaborne Oil Stockpile
Iran has no stockpile of crude oil at sea and its floating gas condensates have all been sold, according to the Iranian Oil Terminals Company’s (IOTC) Managing Director, Seyyed Pirouz Mousavi, Financial Tribune inform...
Global Insurers to Cover Iranian Oil Cargoes
Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from Feburary after striking a deal to provide cover without involving US-domiciled reinsurers, according to Reuters ...
Iran Earned $41b in Oil Revenues
Iran’s Oil Minister, Bijan Zanganeh, said that the country’s oil and condensate revenues are expected to reach $41b in the country’s current fiscal year ending on 20 March 2017, Kallanish Energy reported. Zanganeh des...
Sri Lanka to Buy Iranian Oil
Sri Lanka is interested in purchasing oil and related products from the Islamic Republic of Iran, after resolving the outstanding financial issues between the two countries pertaining to previous purchases, Daily Mirr...
