Sanctions | Egypt Oil & Gas - Part 16

Post-Sanction Iran Plans to Become Top PetroChem Producer

Managing director of Iran’s National Petrochemical Company (NPC) says the country is prepared to pave the way to attract foreign investments in its oil and petrochemical sectors after a final nuclear deal is clinched ...

Talks Underway to Return Tankers, Shipping Lanes to Iran

Iran says it is expecting American shipping lines to visit its ports once the economic sanctions against it are lifted in light of the emerging comprehensive final agreement over the Iranian nuclear energy program. “W...

Iran: EU Supports Termination of All Sanctions After Final Nuke Deal

Iran says the UN Security Council (UNSC) is to terminate all anti-Iran resolutions upon the conclusion of a final nuclear agreement between the Islamic Republic and the P5+1 group. The UN body will adopt a new resolut...

Iran Argues That US Misunderstands Sanction Stipulations in Nuclear Deal

An Iranian official has rejected an official document by the US White House stipulating that lifting sanctions imposed on Iran over its nuclear activities would be based on a step-by-step mechanism. Abbas Araqchi, Ira...

Iran Plans London Conference to Present Oil and Gas Opportunities

Iran said on Saturday that it will hold a much-awaited conference to present the new format of contracts for the development of its lucrative oil and gas projects in London in September 2015. This has been announced b...

Oil, Gas Issues Resolved for Pending Iran Nuclear Deal

A senior member of Iran’s nuclear negotiating team says Tehran and the P5+1 group of countries have reached an agreement on the removal of anti-Tehran sanctions, but minor issues still remain. Hamid Baeidinejad, who i...

Foreign Oil Companies Weighing Up Post-Sanction Iran Prospects

Outside the boardroom of BP Plc’s headquarters on London’s swanky St. James’s Square, a display case houses the geological data from Masjid-i-Solaiman, Iran’s first oil well. The discovery of crude in 1908 laid the fo...

Iran: Must Shelter Industry from Post-Sanction Oil Surge

Iran says it has taken required measures to deal with the impacts of an anticipated surge in revenues should the sanctions against the country are removed as the result of the success in nuclear talks with P5+1 group ...

Iran Oil Stores Ready to Flood Market, Experts Says

Lifting oil sanctions on Iran could hit global markets long before the nation starts pumping more crude. That’s because the OPEC member has been stockpiling oil onshore and in supertankers in the Persian Gulf, accordi...

Israel Tries to Preempt Iran Nuclear Deal in France, After US

A delegation of Israeli officials, including Israeli Intelligence Minister Yuval Steinitz, has traveled to France in a bid to hamper a deal on Iran’s nuclear program as marathon talks on the issue are entering a criti...

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