Iran | Egypt Oil & Gas - Part 65
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, reported Press TV quoting Managing Director of Iran’s National Petrochemical Com...
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...
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, reported Press TV. The National Iranian Oil ...
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, reported Trade Arabia, citing a stud...
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), reported Press T...
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 ...
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, reported Natural Gas Europe. According to the country’...
India’s Oil Imports on the Rise
India has shipped in 7.2% more oil in November, compared with a year ago, according to statistics cited by Hellenic Shipping News. According to reports, Iran’s share in the India’s overall imports declined to it...
