Iran | Egypt Oil & Gas - Part 49
Iran Signed First IPC Deal Worth $2.5b
The National Iranian Oil Company (NIOC) signed a $2.5b contract with Persia Oil & Gas Industry Development Company (POGIDC), a domestic firm in Iran, to develop the second phase of Yaran field and improve oil reco...
Iran to Sell 1m Barrels of Crude to Hungry
Iran will export 1m barrels of crude oil to Hungry during November, reported Tasnim News Agency. The National Iranian Oil Company’s (NIOC) Director for International Affairs, Mohsen Ghamsari, said: “The co...
Turkey to Cut Gas Prices by 10%
The Turkish Energy Minister, Berat Albayarak, declared that the country will reduce the selling price of natural gas by 10% for domestic and industrial consumers during October, reported Reuters. This came as Turkey w...
India Withdrew from Iran, Pakistan Gas Talks
The National Iranian Gas Company ‘s (NIGC) Managing Director, Hamidreza Araqi, said that India has rejected talking with Iran on gas import through Pakistan. He added that India is interested in transferring Ira...
Iran Exported 4bcm of Gas
National Iranian Gas Company’s (NIGC) Dispatching Director, Mehdi Jamshidi Dana, said that Iran has exported 3.920bcm of natural gas during the first half of the current fiscal year ending Setember 21, representing a ...
OPEC Agreed on a Production Freeze
Members of the Organization of the Petroleum Exporting Countries (OPEC) agreed to reduce their oil output to 32.5mb/d from the current production levels of around 33.24mb/d, with global prices of oil jumping by more t...
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, reported Press TV. T...
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 of 3.6mb/d. This is a major compromise from the Kingdom ahead of production freeze talks in Algeria by t...
