Sanctions | Egypt Oil & Gas - Part 7
EU Expects Nuclear Sanctions on Iran Lifted Soon
The EU expects sanctions on the Islamic Republic to be lifted shortly as Iran’s efforts to implement the July 2015 nuclear deal are proceeding in line with the terms of the agreement and according to the schedul...
Iran Completes $6b Gas Development Through Local Efforts
Iran has brought two more operations online in its biggest South Pars gas field in Asaluyeh, the Phases 15 and 16, at a total cost of $6b, reported Press TV. The new phases of the field are to produce 56.6mcm/d of swe...
Iran to Build Spanish Refinery for Post-Sanction Export Push
Iran is in talks to help build a 200,000 b/d refinery in Spain, reported Trade Arabia. Iran will finance 50% of the project, leaving the remaining half for Spanish companies, clarified Abbas Kazemi, the Head of the st...
Japanese Buyer Renews Commitments to Iranian Crude
JX Nippon Oil & Energy Corp., Japan’s oil lifter, has renewed its annual term oil purchase volumes from Tehran for 2016, with the volumes remaining unchanged under the new contract as of January, reported Re...
Shell to Settle $2.3b Debt with Iran
The National Iranian Oil Company (NIOC) and Royal Dutch Shell have agreed that the Anglo-Dutch company will clear off its debt of $2.3b, outstanding since 2011, once the international sanctions are completely removed,...
German Investors Pledge $13b for Iran’s Petchem Projects
Two German companies are seeking to invest $13b in Iran’s petrochemical projects in Ian, following the lifting of sanctions, reported Press TVÂ quoting Managing Director of Iran’s National Petrochemical Com...
Iran on Verge of Sanctions Removal, Nuclear Trade with Russia
Iran’s ambition to have sanctions removed in January is “not impossible”, Reuters quoted International Atomic Energy Agency’s (IAEA) Director-General, Yukiya Amano as saying. He explained that Iran w...
Iran Cleared of Nuclear Suspicions by IAEA
The Vienna-based International Atomic Energy Agency (IAEA) announced that it had ended its 12-year-long investigation into concerns that Iran might be developing nuclear weapons, as no evidence was found since 2009, r...
