Iran to Swap Oil with Caspian Sea States

• Thursday, 18th August 2016
• by Egypt Oil & Gas

An official with the Iranian Oil Terminals Company (IOTC), Hamid Reza Shadoust, said Iran can swap up to 120,000 b/d of crude oil, which can be enhanced to over 1.5 mb/d in the future, with its northern neighbors at N...

Caspian Crude Swaps Resume to Cure Iran Fuel Shortages

• Monday, 28th December 2015
• by Egypt Oil & Gas

Iran has announced the resumption of swaps of crude oil for petroleum products with the Caspian littoral states – Turkmenistan and Kazakhstan, after a five year suspension, reported Press TV. The National Iranian Oil ...

Russia to Build Iranian Nuclear Power Plants

• Monday, 26th October 2015
• by Egypt Oil & Gas

Russian Energy Minister Alexander Novak announced that Russia’s construction of two more nuclear power units in Bushehr in southwest Iran will cost about $11 b, reported Press TV. He said Iran and Russia were planning...

Iran Expanding Energy Cooperation with Kazakhstan, China

• Monday, 19th October 2015
• by Egypt Oil & Gas

Iran and China plan to jointly construct the fourth oil refinery of Kazakhstan, reported the Tasnim News Agency. The refinery will be built in Mangistau Oblast – the country’s west – in cooperation w...

Nigeria Lifts Bans, Renews Swaps While Combating Oil Corruption

• Monday, 14th September 2015
• by Egypt Oil & Gas

Bloomberg learned that Nigeria has canceled a two-month old ban on 113 foreign-flagged vessels, preventing them from loading crude or gas from the country. This was according to a letter from the state oil company obt...

Iran: Caspian Oil Swap Scheme on Table Again

• Sunday, 15th February 2015
• by Egypt Oil & Gas

Iran says it has received new requests from its northern neighbors to revive a strategic crude oil swap scheme that was abandoned more than five years ago. This has been announced by Rabi Fallah Jelodar, the governor ...