Iran | Egypt Oil & Gas - Part 69

Oil Prices, Post-Sanction Iran Prompt GCC Maintenance Cost Cutting

Gulf oil producers are delaying some field maintenance until next year to keep production high and reduce costs, forecasting weaker oil prices in 2016.

Iran Decommissions Centrifuges During Nuclear Visit to Japan

Iran has begun decommissioning uranium enrichment centrifuges under the terms of the July nuclear deal, Reuters quoted Iran's Atomic Energy Organization (AEOI) chief Ali Akbar Salehi as saying during a visit to Tokyo.

Iran Prepared for All Eventualities of Oil Export Resumption

Iran’s Oil Minister, Bijan Zangeneh, has downplayed fears that the return of Iranian crude will further dampen oil prices, saying confidently that “we have vaccinated the market against this issue,” reported Press TV.

Iran to Export LNG to Brazil in Bilateral Bid

Bijan Zangeneh Iran's oil minister says Brazil has indicated its willingness to buy LNG from Iran

Iran Utilizes US Go-Betweens to Attract Billions Into Upstream

"During 2016-25, our upstream sector needs $176 b and the downstream sector needs $77 b of investment," said Ali Kardor, the deputy for investment affairs of the National Iranian Oil Company (NIOC)

Zarubezhneft Leading the Way to Post-Sanction Iran

Russian Energy Minister Alexander Novak announced that Russia and Iran will implement joint mid-term projects worth between $35 b and $40 b

Russia to Build Iranian Nuclear Power Plants

Russian Energy Minister Alexander Novak announced that Russia’s construction of two more nuclear power units in Bushehr in southwest Iran will cost about $11 b

Iran Lays Limits on Domestic Ownership of Post-Sanction Ventures

Seyed Mehdi Hosseini, chairman of the Iranian Oil Ministry’s Oil Contract Restructuring Committee, told the Financial Times that domestic companies should be entitled to a minimum 20% share of any joint venture project

Iran to Cut Emissions if Sanctions Removed

Iran could as much as quadruple its efforts to curb fossil fuel emissions if economic sanctions imposed by the US, UN and EU are ended

OPEC Driving US Shale Downturn

The Organization of Petroleum Exporting Countries—OPEC—is driving US oil and gas rigs to some of their lowest levels in a decade, Bloomberg

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