Iran | Egypt Oil & Gas - Part 62
Iran LNG Project to Remain Nationally Owned
Iran has made it abundantly clear that it has no plans to sell shares in the country’s LNG scheme to foreign companies, scheduled to be completed within three years.
Iran Plans to Boost Oil Output by 500,000 Barrels a Day
Iran has announced plans to boost its oil production by 500,000b/d, taking advantage of the final removal of sanctions in mid January.
SABIC Unconcerned Over Iran’s Petchem Competition
Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals companies, downplayed the possible threat posed to Saudi Arabia's petrochemicals industry from Iran's reentry into the international oil ...
German Investor to Build Solar Mega-Project in Iran
German investors will build one of the world's biggest solar power plants in the central province of Isfahan, powering 475,000 households for 30 years.
White House Removes Nuclear Sanctions on Iran
The White House announced that President Barack Obama had signed an executive order lifting the US economic sanctions on Iran over its nuclear program.
Saudi Oil Minister: Multilateral Cooperation Will Achieve Oil Stability
The Saudi Oil Minister, Ali al-Naimi, said that oil-market stability would only be achieved through cooperation among major oil producers, but that this would likely take time.
Iran Needs $20b for South Pars Gas, Refinery Projects
Iran has announced that it needs a $20b investment, paid in $600m monthly installments, to launch the remaining phases of its South Pars Gas Field project in the Bushehr province, in order to be able to complete the ...
EU Expects Nuclear Sanctions on Iran Lifted Soon
The EU expects sanctions on the Islamic Republic to be lifted shortly as Iran's efforts to implement the July 2015 nuclear deal are proceeding in line with the terms of the agreement and according to the schedule.
