Iran to Sell 1m Barrels of Crude to Hungry
Iran will export 1m barrels of crude oil to Hungry during November.
Iran | Egypt Oil & Gas - Part 48
Turkey to Cut Gas Prices by 10%
The Turkish Energy Minister, Berat Albayarak, declared that the country will reduce the price of natural gas by 10% for domestic and industrial consumers during October.
India Withdrew from Iran, Pakistan Gas Talks
India has rejected talking with Iran on gas import through Pakistan, in lieu of transferring Iran’s gas through subsea lines, despite the higher costs.
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.
