Iran | Egypt Oil & Gas - Part 53

Iran to Export 25mcm/d of Gas to Iraq

Director of the International Affairs Department at National Iranian Gas Company (NIGC) said that an Iraqi delegation will be present in Iran in early August to discuss a natural gas export project.

Chinese Sinopec to Develop Iran’s Yadavaran Oil Field

Iranian Executive Director of Yadavaran Oilfield development project, Hadi Nazarpour, announced that the Chinese Sinopec Group is to undertake Phase II development of the field.

Iran to Retain Gas Export Volume to Europe by 2021

Iranian oil official said that the five-year economic development plan will help Iran retain its potential to export 30bcm/year of gas to Europe.

Iran, South Korea Ink $2b Oil Deal

Iranian Isfahan oil refinery has inked a memorandum of understanding (MoU) with South Korean Daelim company to enhance production procedures and optimize the facility.

Tehran Chamber of Commerce Supports New Oil Contract Model

The Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) is to back the newly-developed oil contracts model.

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.

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