Iran: Oil Companies Eager for Lifting Sanctions

• Friday, 6th February 2015
• by Egypt Oil & Gas

Minister of Petroleum Bijan Namdar Zangeneh says foreign energy companies are waiting to pounce on Iran’s oil and gas projects once sanctions are lifted.

Iran’s South Pars Gas Decline

• Tuesday, 3rd February 2015
• by Egypt Oil & Gas

Iran has reduced the gas resource at Phase 12 of the South Pars field in the Persian Gulf.

Iran Bounce Back Plans with World Largest Tanker

• Tuesday, 3rd February 2015
• by Egypt Oil & Gas

Aptly called ‘Persian Gulf,’ Iran’s FSU oil terminal is the country’s newest trump card as world’s largest oil tanker in highly shaky oil prices.

Iraq Displaces Iran as India Supplier

• Tuesday, 3rd February 2015
• by Egypt Oil & Gas

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.

Eased Iran Sanctions Raise China Demand

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

These were up early 30% last year and their highest average since 2011

IMF: oil prices to jump 30% on Iran sanctions

• Thursday, 19th April 2012
• by Egypt Oil & Gas

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.

Obama Clears Way for Sanctions on Banks in Iran Oil Trade

• Sunday, 1st April 2012
• by Egypt Oil & Gas

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.