Iran | Egypt Oil & Gas - Part 44

NIDC Drilled 141 Oil, Gas Wells

The National Iranian Drilling Company has completed drilling operations on 141 oil and gas wells both onshore and offshore.

Iran, Denmark Talked Oil, Gas Cooperation

Danish firms are prepared to transfer technology and invest in Iran’s oil and gas industry.

India Boosting Refinery Investment with Iran

An Indian Oil Corp unit plans to invest $5.5b to gradually raise the capacity of its smallest refinery co-owned by Iran to 300,000b/d.

China to Invest in Iran’s Petchem Catalysts Project

A Chinese company has expressed readiness to invest in Iran’s petrochemical catalysts project with a total investment of $400m,

Iran, Croatia to Expand Ties in Oil & Gas

Iran and Croatia entered talks over expansion of mutual ties in the oil and gas industry, according to Tehran's Deputy Oil Minister for International Affairs, Amir Hossein Zamaninia.

OPEC to Decide on Output Cut

OPEC will debate an oil output cut of between 4.0-4.5% for all of its members except Libya and Nigeria by the end of November.

India to Develop Farzad-B Gas Field

A consortium of Indian companies, led by ONGC Videsh (OVL), is set to strike a deal with Iran by January for the development of Farzad-B gas field in the Persian Gulf.

DNO to Develop Changuleh Oil Field

DNO signed a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to conduct a study on the development of the Changuleh oil field in western Iran.

Linde Group to Proceed with Iran LNG Projects

German Linde Group has received green lights from Euler Hermes to proceed with liquified natural gas (LNG) projects within Iran.

Iraq to Suggest Crude Restraint Options

Iraq will make three new suggestions at a meeting in Vienna of OPEC oil ministers at the end of the November to implement an agreement to restrain crude supply in order to push up prices.

Page 44 of 99

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