Iran | Egypt Oil & Gas - Part 48
Iran Sold 1m Barrels of Gas to BP
Iran sold a cargo of 1m barrels of natural gas condensate BP in the first delivery since sanctions were lifted in January.
Iran Signed First IPC Deal Worth $2.5b
Iran signed a $2.5b contract with Persia Oil & Gas Industry Development Company to develop the second phase of Yaran field and improve oil recovery for Koupal field.
Iran to Sell 1m Barrels of Crude to Hungry
Iran will export 1m barrels of crude oil to Hungry during November.
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.
