Iran | Egypt Oil & Gas - Part 53

Annual Revenue of Iran’s Petchem Output to Increase by $5.1b

Iran is to commence several petrochemical projects with $5.4b worth of investment by March 21st, 2017 and the annual value of the country's petrochemical products would increase by $5.1b.

Iran, Greece to Consider Energy Cooperation Projects

Greek Environment and Energy Minister, Panos Skourletis, and Iran’s Deputy Foreign Minister for Europe and America, Majid Takht-Ravanchi, have agreed upon expanding the energy cooperation between the two nations, not ...

Iran, British Association Ink 1,000MW Solar Plant Deal

The British Photovoltaic Association (BPVA) will construct a $1.7b solar plant with the capacity of 1,000MW in Iran following an agreement concluded with the government.

Iran to Launch First Tender to Attract $12b Green Investment

Iran is planning its first tender for utility-scale renewable-energy projects by year end as it begins a green power build out that could draw $12b of investment by the time it is complete.

EIA: Global Oil Glut Persists Despite Demand Growth

The Energy Information Administration (EIA) said that the oil market is maintaining a global crude glut despite global demand growth, a drop in non-OPEC production, and a decline in crude stockpiles.

Iran, Russia Sign Agreement for Energy Cooperation

National Iranian Oil Company (NIOC) and state-owned Russian oil refinery have inked a non-disclosure agreement whereby the Russian side will conduct studies on two Iranian oil fields.

Iran: Tehran, Paris Agree to Cooperate on Nuclear Fusion Project

Iran and France have reached a general agreement for Tehran to join an international nuclear fusion project, an Iranian official said. The deal, which is yet to be confirmed by France, comes a year after Iran and six ...

Iran’s Resistance Economy HQ Approves New Oil, Gas Contracts

Resistance Economy Headquarters, a top government economic advisory body, approved Iran's new oil and gas contracts after some amendments had been done.

Spain to Import 1m Barrels of Iranian Crude

Spain’s largest oil company, Repsol, has signed a contract with the Iranian oil ministry to purchase and import 1m barrels of Iranian crude oil in July 2016, according to a report from the ministry.

Iran Exports 2m Barrels of Crude to Poland

The director for international affairs at National Iranian Oil Company (NIOC), Mohsen Ghamsari, has declared that Poland’s Grupa Lotos has bought 2m barrels of Iran’s crude oil in a one-off purchase.

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