Iran | Egypt Oil & Gas - Part 51

Iran’s New Contract Format Approved

Iran’s Vice President, Eshaq Jahangiri, said that he signed an authorization for the Ministry of Petroleum to use the new format of the Iran Petroleum Contract (IPC) for oil and gas deals, Gulf News reported. Under th...

Iran’s LPG Exports Reach 615,000 Tons

The National Iranian Oil Refining and Distribution Company (NIORDC) Managing Director, Seyyed Naser Sajjadi, said that the country’s Liquefied Petroleum Gas (LPG) year-to-date exports are about 615,000 tons, with over...

Iran to Export LNG to Europe

Iranian Minister of Oil, Bijan Zanganeh, has announced the country’s plans to exports Liquified Natural Gas (LNG) to Europe, MEHR News Agency reported. The announcement comes after reports of practical steps to begin ...

Iran to Swap Oil with Caspian Sea States

An official with the Iranian Oil Terminals Company (IOTC), Hamid Reza Shadoust, said Iran can swap up to 120,000 b/d of crude oil, which can be enhanced to over 1.5 mb/d in the future, with its northern neighbors at N...

Iran Exported 2.74mb/d of Crude in July

With $645m investments to revitalize Iran’s oil recovery rates, the National Iranian Oil Company (NIOC) reported that the Islamic Republic is pumping 3.62m b/d of crude oil, with 2.74m b/d in exports during July...

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 co...

Russia’s Lukoil, Gazprom to Develop Iran’s Oil Fields

Russia’s Ambassador to Tehran, Levan Dzhagaryan, stated that his country is considering to form a consortium to take up development projects in Iran’s oil and gas sectors with the participation of Russia’s bigge...

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 7mcm/d to supply a ...

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, Shana repor...

India’s Oil Imports from Iran Grew 37%

India’s oil imports from Iran rose to its highest level in five years, to reach 523,000 b/d during July, which is a 37% jump from June’s volume, and more than double that of the same period in 2015, Reuters repo...

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