Iran | Egypt Oil & Gas - Part 96
Iraq Displaces Iran as India Supplier
India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) has replaced Iran with Iraq in its list of oil suppliers and has purchased its first cargo of Basra Light from Baghdad. Reuters reported on Monday that the purc...
4,200 ton South Pars Jacket Completed
Construction has been completed of the jacket for platform D, the fourth of the South Pars Phase 12 platforms in the Persian Gulf. The latest jacket is 84 m (275 ft) long, weighs and took 16 months to assemble, accor...
Caspian Sea’s Sardar-e-Jangal Third Well Under Way
North Drilling Co. has spudded a third exploratory well on the Sardar-e-Jangal oil field in the Iranian sector of the Caspian Sea. Managing director Hedayatollah Khademi told news service Shana that drilling of the se...
Iran Upping Gas Exports
Iran exported over 9.575 million tons of gas condensates, worth $8.65b, in the nine months of the calendar year (started March 21, 2014), said an official. Talking to IRNA, Director General of Pars Energy Special Econ...
Iran Scales Back Development Fund
An Iranian parliamentary ad hoc committee reviewing the country’s national budget bill has cut the share of state-run rainy day kitty from oil revenues to 20% from 26% as oil prices keep falling. “The share of Nationa...
Iran MPs Want to Raise Gasoline Rate
Iran’s Parliament has approved a proposal to increase the rate of gasoline in the budget bill for the next calendar year of 1394 (to begin 21 March 2015). Iran’s media reported on Monday that the proposal has been dra...
Eased Iran Sanctions Raise China Demand
China’s crude oil imports from Iran jumped by nearly 30% last year to their highest average level since 2011, customs data show, as Iran’s largest oil client boosted shipments after an interim deal eased sanctions on ...
OPEC Decision Wrong: Iran, Venezuela and Oman Now Say
Oman, the biggest Middle Eastern oil producer that’s not a member of OPEC, joined Venezuela and Iran in questioning the group’s decision to keep its output target unchanged even with crude prices falling. Oman is havi...
