Sanctions | Egypt Oil & Gas - Part 8

Greece to Pay Off $800m Debt in Oil Purchases to Iran

Greece is to enter in negotiations to pay off its $800m debt to Iran for oil purchases conducted prior to the sanction regime was imposed on Tehran, IRNA reported. Greek Foreign Minister Nikos Kotzias, visiting Tehran...

Iran Prepares Petchems, LNG for Export, Investment Drive

Iran’s Oil Ministry has said that the construction of three petrochemical projects is nearing completion, with the projects to come on stream in the coming months, reported Trade Arabia. The projects include the phase...

Iran Invites Global Partners for Gas, LNG Ambitions

Iran is dramatically increasing its natural gas export capacity in preparation for the lifting of international sanctions, President Hassan Rouhani said during the second day of the Gas Exporting Countries Forum (GECF...

Russia to Exchange Nuclear Technology for Iranian Uranium

A Kremlin decree published on Monday showed that Russia has eased an export ban on nuclear equipment and technology to Iran, reported Reuters. The decree was issued on the same day as Putin arrived in Iran on an offic...

World Powers to Aid in Iran’s Arak Reactor Redesign

A document released by Iran’s state news agency IRNA proves that United States, Britain, France, China, Russia plus Germany are all helping Iran redesign its Arak heavy water reactor so that it cannot produce we...

Iran Nuclear Derogation Wins International Accolades

Iran has disconnected almost a quarter of its uranium-enriching centrifuges in less than a month, the UN nuclear watchdog announced last week, reported Reuters. This would indicate that the country is racing to implem...

Iran Oil Exports to Sri Lanka in the Offing

Iran and Sri Lanka have begun new talks to resume oil shipments to the Asian country, head of the National Iranian Oil Company (NIOC) Roknoddin Javadi says, reported Press TV. Javadi said Iran is ready to resume sales...

IEA says Saudi Arabia, Russia Losing Out to Iraq and Iran

The International Energy Agency cited market sources on Friday as saying Tehran would be able to sell at least an extra 400,000 b/d to buyers in Asia and Europe when the sanctions are lifted, reported Trade Arabia. Cu...

Iran Signs 1,250 MW with Germans for Post-Sanction Electricity Demands

Iran’s Ministry of Energy signed an agreement with a German company to build 1,250 megawatts of solar energy projects, reported Press TV, citing the head of the Tehran electricity distribution company, Ali Barband. Ba...

South Africa to Discuss Oil Refinery with Iran

South Africa’s deputy president Cyril Ramaphosa is visiting Iran to explore opportunities for co-operation in the energy sector with a view to attracting investment in a refinery Pretoria is planning to build, a...

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