Iran | Egypt Oil & Gas - Part 59

Russia Supports Iran’s Aspiration to Restore Its Oil Market Share

Russia's Energy Minister, Alexander Novak, said that Iran would consider joining a global deal to cap oil production only after it restores its oil output back to levels it enjoyed before international sanctions at 4 ...

US Presidential Candidate Clinton Calls for Sanctions Against Iran

US Democratic presidential front-runner Hillary Clinton called for sanctions against Iran after the Islamic Republic brushed off US concerns and test-fired two ballistic missiles that it said were designed to be able ...

Iran, Pakistan to Negotiate Halted IP Gas Pipeline Project

Tehran is to negotiate the halted Iran-Pakistan (IP) gas pipeline project during Iranian President, Hassan Rouhani's visit to Islamabad at the end of March.

Ukraine Seeking Energy Cooperation with Iran

Ukraine is seeking to launch joint ventures with Iran in oil, gas, petrochemicals, and agriculture sectors, said Ukrainian Deputy Prime Minister and Minister of Regional Development, Construction and Municipal Econom ...

Shell Repays $1.94b Oil Debt to Iran

Royal Dutch Shell has paid $1.94b it owed to the National Iranian Oil Company, settling debts after sanctions against the country were lifted in January.

Egypt SuMed Pipeline Yet to Accept Iran Oil After Sanctions

Crude oil producers in Egypt and Gulf States have yet to let Iran resume oil shipments through a pipeline they operate to supply customers in Europe and the Mediterranean Sea region.

Iranian Crude Cargo Reaches Europe

The Monte Toledo oil tanker became the first to have delivered Iranian crude into Europe since mid-2012, after the economic sanctions on Tehran were lifted earlier in January 2016. The tanker carried a haul of 1m bar ...

Iran Determined to Settle $6b Oil Dues with India

Iran is sending its Central Bank Vice Governor, Gholamali Kamyab, to India this month in order to re-claim nearly $6b in past oil dues from Indian refiners such as Essar Oil, Mangalore Refinery and Petrochemicals Ltd ...

Georgia Sees No Need for Iranian Gas after Azeri Deal

Georgia will not import gas from Iran after having signed agreements for increased gas supplies from Azerbaijan's state oil company SOCAR at the beginning of March.

South Korea Plans to Boost Iranian Oil Imports

South Korea plans to boost imports of Iranian oil, in particular condensate, which is a super light oil that can be processed into fuels and petrochemicals, to meet country's growing demand.

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