Iran | Egypt Oil & Gas - Part 72

Iran Hopes to Stabilize Oil Prices in Face-Off with Saudi

According to Gulf News, Iran has projected average oil prices at $42 to $50 per barrel in a draft budget bill for the year to March 2017.

Iran Breaks Diesel Export Barrier, Draws in European Banks

Iran, for the first time, has become a net exporter of gas oil, said Nasser Sajjadi the managing director of Iran's national oil distribution company (NIOPDC)

Iran to Receive Overdue Debts from Indian Refiners

Indian refiners are preparing to deposit $700m with the United Commercial Bank to transfer the first installment of oil payments owed to Iran,

Iran to Pursue EOR Contracts Internationally

Press TV quoted Mohammad Keramati, the head of the Iranian Research Institute of Petroleum Industry, as saying that more than 490b barrels of Iran’s oil reserves are not recoverable without the right technologies.

Iran Waiting for Mexico and Venezuela to Make OPEC Price Moves

Mexico is willing to work with OPEC if the group tries to stabilize crude markets amid a global supply glut and slide in prices, Iran’s Oil Minister Bijan Namdar Zanganeh said

Austria’s OMV Bringing IOR/EOR Technology to Iran

Austrian President Heinz Fischer arrived in Tehran on Monday at the head of leading business delegates to review potential trade relations with the Islamic republic

Spain Capitalizes on Cheap Energy, Eager for Iranian Crude

Iran announced its readiness to export crude to Spain

Iranian Gas Heading to Spain, German Investments Heading to Iran

Press TV reported that Iran has received a proposal from Spain to use its liquefaction facilities to export LNG to Europe, said Oil Minister Bijan Zangeneh.

Iran Targets Bangladesh with ‘Peace Pipeline’ and Energy Projects

Tehran’s Ambassador to Bangladesh, Abbas Vaezi, announced that Iran is ready to talk about extending its Iran-Pakistan-India “peace pipeline” to include Bangladesh

Iran, South Africa To Improve Petchem Relations

A delegation from the Iranian Ministry of Petroleum will visit South Africa in Octubre to discuss improving mutual relations, Deputy Oil Minister in Petrochemicals Abbas Sheri Moqaddam.

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