Iran | Egypt Oil & Gas - Part 98
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. The newly-discovered field must be considered among one of the biggest light cr... 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. The IMF in its new annual report of World Economic outlo... 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 recor... Iraq says Kurdistan smuggling oil through Iran
Iraq’s Kurdish region, which has halted crude exports in a row with Baghdad, owes the central government more than $5 billion and is smuggling the oil it produces through Iran, Iraqi officials said Monday. "... Obama Clears Way for Sanctions on Banks in Iran Oil Trade
U.S. President Barack Obama cleared the way for sanctions aimed at banks in countries that import Iranian oil, the latest U.S. step to ratchet up pressure on the government in Tehran over its nuclear program. The pres... Iran discovers huge oil field in a southern province
Iran has discovered one of its biggest oil fields with high quality crude in a southern province, the semi-official Mehr news agency quoted an official as saying on Saturday. ‘The preliminary studies show enormo... Iran, South Africa to circumvent sanctions in oil trade
Iran and South Africa held talks in Tehran on Saturday to explore ways to circumvent the western sanctions on oil trade with the Islamic Republic, Mehr news agency reported. Iranian oil minister Rostam Qasemi met with... Oil Trades Near Nine-Month High After Iran Denies Access to UN Inspectors
Oil traded near a nine-month high after United Nations inspectors in Iran were denied access to a suspected nuclear site, raising concern that tensions between OPEC’s second-biggest producer and Western nations ... 
