Iran Sets $200b Investment Target for Oil Sector

• Thursday, 11th February 2016
• by Egypt Oil & Gas

Iran’s oil and gas sector needs an injection of $200b worth of investments, according to Iran’s Minister of Petroleum, Bijan Zangeneh, stated. $130b is required for upstream, while the remainder is needed for proces ...

Russia to Export Electricity to Azerbaijan, Iran

• Thursday, 11th February 2016
• by Egypt Oil & Gas

Azerbaijan, Iran, and Russia are collaborating together to establish an energy corridor, linking the three countries. The corridor will be used to export electricity from Russia to Azerbaijan and Iran.

Tehran Open to Talks with OPEC about Global Oil Market

• Wednesday, 10th February 2016
• by Egypt Oil & Gas

Iran’s Oil Minister, Bijan Zangeneh, said that Tehran was ready to hold talks with Riyadh to discuss the current conditions in international oil markets. “We support any form of dialogue and cooperation with OPEC mem ...

Iran to Boost Oil Production Capacity from North Azadegan, Yadavaran Oilfields

• Monday, 1st February 2016
• by Egypt Oil & Gas

Iran is to boost its crude oil production capacity by 160,000b/d following the completion of expansion projects at its North Azadegan and Yadavaran oilfields in south-western Iran.

Iran’s Long Awaited London Conference Postponed

• Sunday, 31st January 2016
• by Egypt Oil & Gas

Iran has cancelled a long-awaited oil conference in London meant to invite further bids from foreign companies under Iran Petroleum Contract (IPC).

Iran Signs $1m Solar Power Contract with British Firm

• Wednesday, 27th January 2016
• by Egypt Oil & Gas

Bakhtar Regional Electricity Company, a subsidiary of Iran Power Generation and Transmission Company (TAVANIR), has signed a $1m contract with Britain’s Surrey Satellite Technology (SST) company to build a 50 MW capa ...

Israel On Verge of New Offshore Gas Finds

• Tuesday, 26th January 2016
• by Egypt Oil & Gas

Israel is on the verge of new major gas finds in its territorial waters as an Israeli exploration group led by Isramco Negev and Modiin Energy cited a "best estimate" resource report for two offshore fields, Daniel E ...

Iran Starts Nuclear Power Cooperation with Russia and China

• Tuesday, 26th January 2016
• by Egypt Oil & Gas

Iran is launching nuclear power cooperation with Russia and China following the end of sanctions. Tehran will launch work on the second and third power units at the Bushehr nuclear power plant, in cooperation with Ru ...

Iran Signs Multiple Oil and Gas Contracts with Europe

• Tuesday, 26th January 2016
• by Egypt Oil & Gas

Iran has signed multiple contracts with European countries, Russia, Spain, and Italy, for exploration of Iranian oilfields and development of oil and gas projects.

Iran Marks First Crude Sale to Europe, Signs Deal with Greece

• Sunday, 24th January 2016
• by Egypt Oil & Gas

National Iranian Oil Company (NIOC) and Greek's largest refinery, Hellenic Petroleum (ELPE) have reached a long-term agreement to immediately start the shipment of Iranian oil to Greece, marking the first sale of Isl ...