Sanctions | Egypt Oil & Gas - Part 10
Iran’s Cabinet Approves “Draft” of New Model Petroleum Contract
Iran’s cabinet has approved a draft of the yet to be released international oil and gas contract model, reported Reuters, citing the Oil Ministry’s Shana news agency on Wednesday. No details were given, ho...
Iran Drawing in French Oil and Non-Oil Investments
Rokneddin Javadi, Iran’s deputy petroleum minister, announced that Tehran welcomes expansion of energy cooperation with the French oil giant Total, reported Press TV. “National Iranian Oil Company welcomes expansion o...
Iran to Receive Overdue Debts from Indian Refiners
Indian refiners are preparing to deposit $700m with the United Commercial Bank to transfer the first installment of oil payments owed to Iran, informed sources told Reuters. This is ahead of the expected lifting of sa...
Spain Capitalizes on Cheap Energy, Eager for Iranian Crude
Iran announced its readiness to export crude to Spain, reported Press TV. “We are still to arrive at a figure for oil exports to Spain,” said Mohsen Qamsari, the director for international affairs of the National Iran...
Saudis Reassured by Obama Over Post-Sanction Iran
A senior Saudi official announced on Friday that Saudi Arabia is satisfied with assurances from US President Barack Obama about the Iran nuclear deal and believes the agreement will contribute to security and stabilit...
Hurdles Facing Oil Investors as Iran Braces for Major Field Development
Iranian broker Reza Mostafavi Tabatabaei has warned foreign investors heading towards Iran of the difficulties they may face, speaking from his own personal experience. This was in reference to a $87m deal in 2011 to ...
Iran to Boost Production Beyond Expectations, Welcomes American High-Tech Investments
In exclusive statements made to CNN Iran’s Oil Minister Bijan Zanganeh boasted that Iran would push its production by close to 1.5 million barrels by the end of 2016, with daily production would be 4.2 m. “...
Defiant Sudan Leader in China Despite ICC Arrest Warrant
Sudanese President Omar Hassan al-Bashir on Monday began a four-day visit to China, reported International Business Times, oblivious of a warrant for his arrest issued by the International Criminal Court (ICC). Previo... 
