Iran | Egypt Oil & Gas - Part 73
South Africa to Build a Refinery for Iranian Crude
South Africa plans to build an oil refinery which will use Iranian crude, Deputy Oil Minister Thembisile Majola says, according to HispanTV. Majola informed state-owned PetroSA had agreed to help Tehran build a gas-to...
Iran Pitching New Contract Model to Recapture Oil Markets
Iran’s Oil Ministry website Shana announced on Friday that the long-awaited new model contract for oil and gas will be unveiled ahead of schedule, reported Reuters. “First, the new contracts will be unveil...
Iraq’s Planned Export Push Depends on Basra Crude
According to Reuters Iraq is aiming to export a record volume of Basra crude from its southern terminals in October during the current price war being fought between Saudi Arabia, Kuwait, and Iran. Bloomberg, in this ...
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. “In consultation with the Ministry of Petroleum, three price options of $42, $4...
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), reported Zawya. This was in reference to the finali...
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, informed sources told Reuters. This is ahead of the expected lifting of sa...
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. “Ev...
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 and level out oil prices, Iran’s Oil Minister Bijan Namdar Zanganeh said after talks with Mexico’s labor secretary Alfonso Navarrete Pr...
