Iran | Egypt Oil & Gas - Part 62
Iran’s Oil Industry Is in Need of $200b in Investments
Iran’s Ministry of Petroleum stated that the country’s oil industry is in need of $200b in investments in the upstream and downstream sectors as the domestic fund are insufficient, Oil&Gas Euroasia rep...
Iran Sets $200b Investment Target for Oil Sector
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 process...
Russia to Export Electricity to Azerbaijan, Iran
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, Azerbaijan’s Mi... Tehran Open to Talks with OPEC about Global Oil Market
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 memb...
Iran to Boost Oil Production Capacity from North Azadegan, Yadavaran Oilfields
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, Reuters reported. The two oilfields,...
Iran’s Long Awaited London Conference Postponed
Iran has postponed a long-awaited oil conference in London meant to invite investment from foreign companies by introduce a new contract model that is designed to offer foreign oil companies more favorable terms, in a...
Iran Signs $1m Solar Power Contract with British Firm
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 capac...
Israel On Verge of New Offshore Gas Finds
Israel is on the verge of new major gas finds in its territorial waters, said Reuters. An Israeli exploration group led by Isramco Negev and Modiin Energy cited a “best estimate” resource report for two of...
