Iran | Egypt Oil & Gas - Part 96

Iran says Saudi Arabia should move to curb oil price fall

Falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world's biggest crude exporter, takes action to reverse the slump, Iran's deputy foreign minister told Reuters.

Iran says gas export revenues to double

Iran's gas export revenues are predicted to double once gas exports to Pakistan, Iraq, and some European countries start, the Mehr News Agency quoted Iranian deputy oil minister Javad Oji as saying.

Egypt denies in talks to buy Iranian oil

Egypt denied on Tuesday comments attributed to Iranian Oil Minister Rostam Qasemi that it was in talks to buy Iranian crude oil.

OPEC Draws Fine Line Between Oil Balance, Chaos

Members of the Organization of Petroleum Exporting Countries will hold their first meeting of the year next week and, following steep declines in oil prices and ahead of European Union sanctions on Iran, they should ...

Iran Finds First Caspian Sea Oil for More Than a Century

Iran has discovered oil in its Caspian Sea waters for the first time in more than a century, the state-run Fars news agency reported.

South Korea poised to halt Iran oil imports from July

South Korea will effectively become the first of Iran's major Asian customers to halt oil purchases from July 1, when a European Union insurance ban will prevent further imports.

Iran to develop biggest joint oil field with Saudi Arabia

The National Iranian Oil Company (NIOC) has started developing Iran's biggest offshore oil field in the Persian Gulf which is shared with Saudi Arabia.

Iran Discovers Large Light Crude Oilfield

A huge light crude oilfield with considerable reserves has been discovered in southwest Iran, the Mehr News Agency reported on Wednesday.

IMF: oil prices to jump 30% on Iran sanctions

Oil prices will gain 30 percent on average in 2012 compared with a year earlier on possible supply disruption from Iran, the International Monetary Fund warned.

Iran oil development fund could reach $55bln-president

Iran's President Mahmoud Ahmadinejad said on Saturday the country's sovereign wealth fund could reach $55 billion by March next year if oil prices kept high, in an apparent bid to defend his economic record in the fa ...

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