Sanctions | Egypt Oil & Gas - Part 6
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 process...
Iran to Build $1.8b Refinery in Spain
As recent sanctions relief allows Tehran to resume oil delivery to Europe, Iran reveals plans to build a $1.8b refinery in Spain with intended capacity to produce 120,000b/d of oil, Press TV informed. National Iranian... 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 ...
Iran’s Long Awaited London Conference Postponed
Iran has postponed a long-awaited oil conference in London meant to invite investment from foreign companies by introduce a new contract model that is designed to offer foreign oil companies more favorable terms, in a...
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 capac...
Israel On Verge of New Offshore Gas Finds
Israel is on the verge of new major gas finds in its territorial waters, said Reuters. An Israeli exploration group led by Isramco Negev and Modiin Energy cited a “best estimate” resource report for two of...
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 Rus...
White House Removes Nuclear Sanctions on Iran
The White House announced that President Barack Obama had signed an executive order lifting the US economic sanctions on Iran over its nuclear program, reported CNN. UN and EU inspectors have confirmed that Iran has c...
