Iran | Egypt Oil & Gas - Part 44
SCI to Resume Iranian Crude Shipments
Shipping Corporation of India (SCI) will resume sailing to Iran this month after a four-year gap, transporting an oil cargo for a state-run refiner, Vanguard reported. SCI stopped sailing to Iran in 2012 when sanction...
Iran to Launch Upstream Tender Early 2017
Iran will launch after January 2017 its first new-style tender to develop oil and gas fields since the lifting of sanctions, noting that the deadline to submit pre-qualification documents has been extended, Reuters re...
India Urged Iran to Finalize Farzad-B Gas field Award
India has nudged Iran to quickly award rights to develop the coveted Farzad-B gas field in the Persian Gulf to ONGC Videsh by wrapping up negotiations that have been dragging on for months, Energy World Reported. Indi...
Romania, Iran to Build Power Plant Near Iraq
Romanian and Iranian investors have recently signed a preliminary agreement on building a 1,000MW power plant near Iran’s border with Iraq. The project’s value is estimated at $700m, 70% of which will be sourced by th...
Iran to Abide by September Oil Production Cap Deal
Iran’s Oil Minister, Bijan Zanganeh, said that the country was prepared to leave its oil production at levels that the Organization of the Petroleum Exporting Countries (OPEC) had agreed at its September meeting...
PGPIC Seeks $1b to Expand Petchem Projects
Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) is in talks with Asian companies to raise $1.1b for an expansion scheme, including a methanol project, intended to serve China and other Asian customers, re...
OPEC’s Pre-Vienna Meeting Yielded No Results
OPEC experts met late November, ahead of their schedule meeting in Vienna to discuss means to global market stability. Yet, they ended the meeting without agreeing on concrete details of a planned reduction in oil out...
Schlumberger to Study Iran’s Oil Formations
The National Iranian South Oil Company (NISOC), a subsidiary of the National Iranian Oil Company (NIOC), and Schlumberger signed memorandum of understanding (MoU) andand Non-Disclosure Agreement (NDA) within framework...
