Iran | Egypt Oil & Gas - Part 75
Iran Launches Geothermal Project Amid Power-Draining Heat Wave
Trade Arabia reported that Iran is building the Middle East’s first geothermal power plant. The pilot station will be in northwestern Meshgin Shahr, Ardabil province, at the foot of a dormant volcano. The 50-meg...
Rouhani: Iran on the Brink of Commercialization its Nuclear Industry
United Nations Security Council “Resolution 2231 not only recognizes our nuclear program, but also urges the world powers to cooperate with Iran,” Press TV quoted Iranian President Hassan Rouhani as saying. The presid...
Energy Bonds to Boost Iran’s Global Hydrocarbon Potential
Iran’s media revealed that the country plans to sell bonds worth a total of about $1.7 b next year, reported Press TV. The bonds will be sold in rials and euros in domestic and foreign banks, beginning 21 March 2016-2...
Old Iran-Kuwait Gasfield Dispute Making a Comeback
Kuwait has reportedly summoned the Iranian charge d’affaires to protest against a bid by Iran to develop unilaterally the disputed offshore Durra gas field, according to Gulf News. The official Kuwait News Agency (Kun...
Iran Utilizing Investments, Debts for Market Share Ambitions
“We will be raising our oil production at any cost and we have no other alternative,” said Oil Minister Bijan Namdar Zanganeh, reported Bloomberg. “If Iran’s oil production hike is not done promptly, we will be losing...
Algeria Trying to Move OPEC and Other Oil Producers to Control Prices
Informed sources told the Wall Street Journal that Algerian Oil Minister Salah Khebri had written to OPEC warning that a new drop in oil prices may warrant fresh discussions over the organization’s strategy. “Th...
Iran Welcomes South Koreans, Has Mixed Feelings over US Firms
According to Reuters South Korean government and corporate officials are visiting Iran to take advantage of the full removal of sanctions. “We plan to highlight the capability of our firms for major projects wit...
Norwegian Firm Eager to Boost Iranian Recovery Rates
“Iran offers interesting opportunities at such time as international sanctions are removed,” announced Norwegian oil firm DNO, adding that it was ” uniquely well placed as it operates oil and gas pro...
