Iran | Egypt Oil & Gas - Part 64

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.

Iran on Verge of Sanctions Removal, Nuclear Trade with Russia

Iran’s ambition to have sanctions removed in January is "not impossible", according to the International Atomic Energy Agency.

Iran Cleared of Nuclear Suspicions by IAEA

The Vienna-based International Atomic Energy Agency (IAEA) announced that it had ended its 12-year-long investigation into concerns that Iran might be developing nuclear weapons, as no evidence was found since 2009.

Iran-French Companies to Build Region’s First FLNG Plant

Iranian companies and a French firm have reached an agreement to build the first floating LNG production unit at the offshore Forouzan oilfield, first in the region, with a capacity of 1mt/year.

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