Iran | Egypt Oil & Gas - Part 63
Iran Targets Gas Exports for Region, Oil Exports Worldwide
Iran has held negotiations with Georgia about the export of 300-500mcf/d of Iranian natural gas through established channels in Armenia, boosting its profile in the regional market.
Japanese Buyer Renews Commitments to Iranian Crude
JX Nippon Oil & Energy Corp., a crude oil lifter, has renewed its annual term oil purchase volumes from Tehran for 2016, with the volumes remaining unchanged under the new contract as of January.
Shell to Settle $2.3b Debt with Iran
The National Iranian Oil Company (NIOC) and Royal Dutch Shell have agreed that the Anglo-Dutch company will clear off its debt of $2.3b, outstanding since 2011, once the international sanctions are completely removed.
Iran Resumes Petchems Exports to Europe
Iran has resumed petrochemical exports to Europe for the first time in five years and received payments through an international bank in Spain, previously blocked under the 2011 sanction regime.
Oil Prices Surge Temporarily as Saudi-Iranian Tensions Mount
Oil prices rose by more than 3% today in response to the crisis brewing between Iran and Saudi Arabia following the Saudi execution of a prominent Shiite cleric, Sheikh Nimr Baqir al-Nimr.
Iran to Build Rigs, Trade Technology with Russian Shipbuilder
Iranian shipbuilder, ISOICO has signed a Memorandum of Understanding (MoU) with Russian shipyard, Krasnye Barrikady (Red Barricades) for rig construction cooperation and technology transfer.
German Investors Pledge $13b for Iran’s Petchem Projects
Two German companies are seeking to invest $13b in Iran's petrochemical projects in Ian, following the lifting of sanctions.
Iran Breaks US Monopoly on Cement Plugs
Iran's Research Institute of Petroleum Industry (RIPI) has achieved technological progress to locally produce cementing plugs used in deep oil and gas wells, breaking the America's monopoly in the industry.
