Iran | Egypt Oil & Gas - Part 70
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, reported Press TV. He made the remarks following a meeting with Brazilian Minister of Development, Industry and ...
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), report...
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, reported California Daily News. “In my view from all of the agreements and d...
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, reported Press TV. He said Iran and Russia were planning...
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 projec...
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. These were the words of Majid Shafie-Pour, Iran’s delegation chief at a UN climat...
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 said. The oil cartel ramped up production at the same time as the US in late ...
