Iran | Egypt Oil & Gas - Part 64
Iran Needs $20b for South Pars Gas, Refinery Projects
Iran has announced that it needs $20b in investment, paid in $600m monthly installments, to launch the remaining phases of its South Pars Gas Field project in the Bushehr province, in order to be able to complete the ...
EU Expects Nuclear Sanctions on Iran Lifted Soon
The EU expects sanctions on the Islamic Republic to be lifted shortly as Iran’s efforts to implement the July 2015 nuclear deal are proceeding in line with the terms of the agreement and according to the schedul...
Iran Completes $6b Gas Development Through Local Efforts
Iran has brought two more operations online in its biggest South Pars gas field in Asaluyeh, the Phases 15 and 16, at a total cost of $6b, reported Press TV. The new phases of the field are to produce 56.6mcm/d of swe...
Iran to Build Spanish Refinery for Post-Sanction Export Push
Iran is in talks to help build a 200,000 b/d refinery in Spain, reported Trade Arabia. Iran will finance 50% of the project, leaving the remaining half for Spanish companies, clarified Abbas Kazemi, the Head of the st...
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, reported Press TV. No further tech...
Japanese Buyer Renews Commitments to Iranian Crude
JX Nippon Oil & Energy Corp., Japan’s 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, reported Re...
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, Press TV reported citi...
