Iran | Egypt Oil & Gas - Part 87
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, according to Reuters. The Organization o...
‘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 the...
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). Addressing military top brass in the Iranian cap...
IOCs Must Pay Iran Debts Once Sanctions are Removed, Official
International oil companies’ pending debts to Iran stand around $18 billion, with British, Korean, Indian and Greek processors owing much of the sum, an official says. Royal Dutch Shell, British Petroleum (BP), Indian...
China’s Peace Pipeline to Carry Iran Gas Across Pakistan
China has signed a deal with Pakistan to construct a pipeline to take Iran’s gas at border and take it across the country to the southern port of Gwadar. The value of the deal – that has been signed during the visit b...
Venezuela Discuss OPEC and Oil Price Control with Iran
Venezuelan Foreign Minister Delcy Elonia Rodriguez Gomez announced that she had conferred on oil and energy policies with Iranian officials during his Monday visit to Tehran. “During the visit, the Venezuelan oi...
Iran to Issue Bonds Again to Finance Future Energy Projects
Iran will soon start a new phase of issuing bonds to attract funds for the development of the country’s lucrative oil and gas projects. The plan has been approved in a cabinet meeting held on Sunday afternoon, Shaha n...
Zangeneh Openly Interested in Drawing Italy’s Eni Back to Iran
Italy’s oil giant Eni said on Sunday it is interested in returning to Iran if sanctions against the country are lifted. Eni, which is seen as one of the largest energy groups of Europe, also said an expected change in...
