Iran | Egypt Oil & Gas - Part 85

South Africa Eyeing Iranian Energy Sector, Fuel Exports

An Iranian Petroleum Ministry official says South Africa seeks to ink memorandums of understanding (MoUs) with the Islamic Republic in different energy sectors.

US Oil Futures Steady Despite Iranian Incident

U.S. oil benchmark futures held steady around $57 a barrel before government data forecast to show crude inventories expanded from a record.

Iran Facing Gas Crunch thanks to ‘Wasteful’ Domestic Consumption

Iranian officials have issued fresh warnings over the rising consumption of natural gas in the country.

Iran Gas Leak Blamed on Negligent Workers, Several Injured

A gas leak at the Arak oil refinery in central Iran injured seven workers on Sunday, four of them critically, the semi-official Fars news agency reported.

Iran Charts Oil and Gas Priorities for Post-Sanction Era

The National Iranian Oil Company (NIOC) announced in a statement on Sunday that it has defined 21 top priority oil sector projects.

Iran Courting Bulgaria, EU as Alternative to Russian Gas

Iran's media reported on Sunday that the country is once again being seen as a potential supplier of natural gas to Europe through a major intercontinental pipeline scheme named as the Nabucco project.

Poland Imports Gas from Iran

Poland's biggest oil refining company has purchased a cargo of gas condensates from Iran.

OPEC Pumps Record 2m bpd in Q1

The world's biggest oil exporters in OPEC have increased production and are now pumping almost 2m bpd more crude than required, the highest surplus for at least a decade.

‘Floating’ Format for Iran’s New Post-Sanction Petroleum Contracts

Iran said on Saturday that the terms of its new format of oil contracts – that will be unveiled in London in September – will vary according to the structure of the reservoirs and the risk involved in implementing th ...

Iran: Rouhani Declares Oil Dependence Reaching New Lows

Iranian President Hassan Rouhani says the country’s dependence on oil revenues will drop to its lowest level ever in the current Iranian year (which began on March 21).

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