Iran | Egypt Oil & Gas - Part 48
Iran Exported 4bcm of Gas
Iran's gas exports grew by 3.4% during the first half of the current fiscal year to reach almost 4bcm.
OPEC Agreed on a Production Freeze
OPEC agreed to reduce its oil output to 32.5mb/d from the current production levels of around 33.24mb/d, with global prices of oil jumping by more than 5% in response to the agreement.
Iran to Inject $11b into Petchem
Iran's Persian Gulf Petrochemical Industries Company (PGPIC) is reported to inject over $11b in it's business with more than $1b coming from two agreements with Japan's Marubeni.
Saudi Arabia to Consider Reducing Oil Output
Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its output at the current level 3.6mb/d, in a major compromise ahead of talks in Algeria by the end of September.
Iran to Export 6m Barrels of Crude to India
India is turning to Iran for 6m barrels of crude oil as it seeks to build up its strategic reserves, after talks with United Arab Emirates (UAE) stalled.
Iran, Total to Resume Oil Swap with Caspian Sea
Naftiran Intergraded Company Sàrl, Swiss-based subsidiary of the National Iranian Oil Company (NIOC), and France's Total will sign oil swapping deal for around 200,000b/d.
Iran, Russia Began Work on Two Nuclear Reactors
Russian and Iranian firms began work on two additional reactors at Iran's nuclear power plant on the Gulf coast at Bushehr. The two units will add over 2,000 megawatts (MW) of nuclear power generating capacity over a ...
Iran Delivered 1mb of Crude to OMV
Austria's OMV, an international integrated oil and gas company, has received the first consignment of 1mb of crude oil from Iran, since 2012.
