Iran | Egypt Oil & Gas - Part 64
Caspian Crude Swaps Resume to Cure Iran Fuel Shortages
Iran has announced the resumption of swaps of crude oil for petroleum products with the Caspian littoral states – Turkmenistan and Kazakhstan, after a five year suspension.
Iran Seeking GDP Impetus in Mining, Downstream Sectors
In response to the declining oil prices, Iran plans to increase the mining sector’s share in the country's GDP from the current less than 1% to more than 2% within ten years.
Iran Prepared for US Crude, OPEC Shares to Decline
In the wake of US historic decision to remove its 40-year crude export ban, Iran is to suffer the least among oil producers, according to a statement issued by the National Iranian Oil Company (NIOC).
Iran’s 2016-2021 Plan Targets Renewables, Energy Efficiency
Iran has set up an aggressive growth plan to boost green energies as part of the country's larger commitment to sustainability and economic diversification in the framework of its five year economic development plan ...
Iran Allocates $6b for Petrochem, Refining Projects
Iran’s National Development Fund has allocated $6b for the execution of petrochemical and refining projects in the current fiscal year ending in March 2016.
India’s Oil Imports on the Rise
India has shipped in 7.2% more oil in November, compared with a year ago, with Saudi Arabia as the top seller, and Iran's imports seeing the lowest level.
Iran Signs $21b Export Deals with Russia
Iran has signed export deals with Russia worth $21b including production and procurement of satellite-related equipment and Superjets.
Iran Announces Post-Sanction ENI Drilling Project
The National Iranian Drilling Company (NIDC) announced it had signed a memorandum of understanding (MoU) with the subsidiaries of the Italian Company ENI to launch drilling of 40 wells in the South Azadegan oilfield.
