Iran | Egypt Oil & Gas - Part 74

Spain Capitalizes on Cheap Energy, Eager for Iranian Crude

Iran announced its readiness to export crude to Spain, reported Press TV. “We are still to arrive at a figure for oil exports to Spain,” said Mohsen Qamsari, the director for international affairs of the National Iran...

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. Zangeneh told reporters that the proposal was raised during ...

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, reported Press TV. The original $7-billion 1,800 kil...

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 said, SHANA news agency reported...

Saudis Reassured by Obama Over Post-Sanction Iran

A senior Saudi official announced on Friday that Saudi Arabia is satisfied with assurances from US President Barack Obama about the Iran nuclear deal and believes the agreement will contribute to security and stabilit...

Hurdles Facing Oil Investors as Iran Braces for Major Field Development

Iranian broker Reza Mostafavi Tabatabaei has warned foreign investors heading towards Iran of the difficulties they may face, speaking from his own personal experience. This was in reference to a $87m deal in 2011 to ...

Iran to Boost Production Beyond Expectations, Welcomes American High-Tech Investments

In exclusive statements made to CNN Iran’s Oil Minister Bijan Zanganeh boasted that Iran would push its production by close to 1.5 million barrels by the end of 2016, with daily production would be 4.2 m. “...

Consortium of Iranian, Korean and Indian Firms to Build Energy Park

Trade Arabia reported that a group of Iranian, Indian and South Korean companies plan to establish an energy park in Iran’s Khuzestan province. Investments for the project total in at $10b and will generate 1,000 mega...

Iran Finalizing Oil Contract Law, Drawing Indian Investments

Reuters reported that Iran expects to finalise the wording for a new model for international oil contracts in the next three weeks, based on an announcement by Iran’s Oil Minister Bijan Zanganeh. “Iran has...

South Africa to Transfer Critical Technology and Mediate Investors, if Iran Sanctions Lifted

According to Tansim News Agency, South Africa has formally announced its readiness to resume crude imports from Iran, once sanctions were fully lifted. South Africa’s Deputy Energy Minister Thembisile Majola made thes...

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