Iran | Egypt Oil & Gas - Part 62
Oman to Use Iranian Gas to Become Regional Hub
Oman expects a speedier completion of a planned pipeline to import natural gas from Iran now that sanctions against Tehran have been lifted.
Iraq Mulls Tying Oil Companies’ Revenues to Global Oil Prices
The Iraqi oil ministry is holding talks with foreign oil companies debating alteration to the signed agreements in an attempt to switch from the currently used service agreements model to a revenue-sharing model that ...
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.
