Iran | Egypt Oil & Gas - Part 63
Iran Marks First Crude Sale to Europe, Signs Deal with Greece
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 o...
Iran Rejects Venezuela’s Call for OPEC Emergency Meeting
In the wake of Venezuela’s call for an emergency OPEC meeting, Iran’s Oil Minister, Bijan Zanganeh, said that such a meeting would hurt the crude oil market, unless it reached a decision to shore up falling pric...
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, reported Reuters. The pipeline will have the capacity to carry 1bcf/d, a fig...
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, according to Managing Director of National Iranian Gas Exports Company (NIGEC), Alireza Kameli, r... 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, said Reuters. Plans are already under way to boost production from oilfields Iran ...
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 i...
German Investor to Build Solar Mega-Project in Iran
German investors will build one of the world’s biggest solar power plants in Iran, in its central province of Isfahan, powering 475,000 households for 30 years, the Financial Tribune reported. The project is to ...
