Sanctions | Egypt Oil & Gas - Part 5
Iran’s Oil Industry Is in Need of $200b in Investments
Iran's Ministry of Petroleum stated that the country's oil industry is in need of $200b in investments in the upstream and downstream sectors as the domestic fund are insufficient.
Iran Sets $200b Investment Target for Oil Sector
Iran’s oil and gas sector needs an injection of $200b worth of investments, according to Iran’s Minister of Petroleum, Bijan Zangeneh, stated. $130b is required for upstream, while the remainder is needed for proces ...
Iran to Build $1.8b Refinery in Spain
As recent sanctions relief allows Tehran to resume oil delivery to Europe, Iran will build a $1.8b refinery in Spain with planned capacity to produce 120,000b/d of oil. Tehran Protests Oppose Iranian Petroleum Contracts
Iran's Oil Ministry has recently witnessed demonstrations criticizing the terms of the new Iranian Petroleum Contracts (IPCs) organized by student protesters, who are aligned with the Basij, a hard-line militia forme ...
Iran’s Long Awaited London Conference Postponed
Iran has cancelled a long-awaited oil conference in London meant to invite further bids from foreign companies under Iran Petroleum Contract (IPC).
Iran Signs $1m Solar Power Contract with British Firm
Bakhtar Regional Electricity Company, a subsidiary of Iran Power Generation and Transmission Company (TAVANIR), has signed a $1m contract with Britain’s Surrey Satellite Technology (SST) company to build a 50 MW capa ...
Israel On Verge of New Offshore Gas Finds
Israel is on the verge of new major gas finds in its territorial waters as an Israeli exploration group led by Isramco Negev and Modiin Energy cited a "best estimate" resource report for two offshore fields, Daniel E ...
Iran Starts Nuclear Power Cooperation with Russia and China
Iran is launching nuclear power cooperation with Russia and China following the end of sanctions. Tehran will launch work on the second and third power units at the Bushehr nuclear power plant, in cooperation with Ru ...
