Iran | Egypt Oil & Gas - Part 50
Iran, Indonesia Signed MoU on Petrochemical Cooperation
Iran's Petrochemical Commercial Company (PCC) recently signed a memorandum of understanding (MoU) with Indonesia's state-run oil and natural gas corporation based in Jakarta, Pertamina, on petrochemical cooperation.
Russia’s Lukoil, Gazprom to Develop Iran’s Oil Fields
Russia oil firms Lukoil and Gazprom plan to invest in the development of three oil fields in Iran, with Gazprom finalizing their agreement with the National Iranian Gas Company.
Iran to Launch Gas Export to Iraq
Iran stated that natural gas exports to Iraq will start in September 2016. The Managing Director of the National Iranian Gas Company (NIGC),Hamid-Reza Araqi, confirmed that Iran will initially ship 7 mcm/day to suppl ...
Iran,India to Finalize Farzad Gas Field Agreement
Iran and India are expected to finalize financial and investment models on the expansion of Iran's Farzad B joint gas field with Saudi Arabia, with estimated reserves of 12.8tcf of gas, in September.
India’s Oil Imports from Iran Grew 37%
India’s oil imports from Iran rose to its highest level in five years, amounting to 523,000 b/d in July, which is a 37% jump from June's volume, and more than double that of the same period in 2015.
Iran Increased Gas Supplies to Turkey
Iran increased its gas supplies to Turkey by almost 9%, reaching a total volume of 518 mcm in 2016, compared with 472 mcm in the same period in 2015, showing an upsurge of 40 mcm.
Iran to Sign Oil Deals Worth $25b
Iran expects foreign oil companies to sign deals valued at $25b over the next one to two years under the terms of a new contract model.
Iran to Build $8.4b Indonesian Refinery
The Head of Iran’s Petrochemical, Gas, and Oil Exporters’ Union, Hassan Khosrojerdi, announced that Iran will construct a 300,000 b/d refinery in Indonesia with funds provided by Chinese and European parties.
