Sanctions | Egypt Oil & Gas - Part 6
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 ...
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.
Saudi Oil Minister: Multilateral Cooperation Will Achieve Oil Stability
The Saudi Oil Minister, Ali al-Naimi, said that oil-market stability would only be achieved through cooperation among major oil producers, but that this would likely take time.
