Sanctions | Egypt Oil & Gas - Part 9
Oil Prices, Post-Sanction Iran Prompt GCC Maintenance Cost Cutting
Industry sources have informed Reuters that Gulf oil producers are delaying some field maintenance until next year to keep production high and reduce costs, forecasting weaker oil prices in 2016. The sources, however,...
Iran Decommissions Centrifuges During Nuclear Visit to Japan
Iran has begun decommissioning uranium enrichment centrifuges under the terms of the July nuclear deal, Reuters quoted Ali Akbar Salehi, chief of the Atomic Energy Organization of Iran (AEOI), as saying during a visit...
Iran Prepared for All Eventualities of Oil Export Resumption
Iran’s Oil Minister, Bijan Zangeneh, has downplayed fears that the return of Iranian crude will further dampen oil prices, saying confidently that “we have vaccinated the market against this issue,” reported Press TV....
Iran Lays Limits on Domestic Ownership of Post-Sanction Ventures
Seyed Mehdi Hosseini, chairman of the Iranian Oil Ministry’s Oil Contract Restructuring Committee, told the Financial Times that domestic companies should be entitled to a minimum 20% share of any joint venture projec...
Obama Issues Waivers as Iran Prepares Investment Laws
President Obama has just signed an order directing his administration to begin issuing waivers to Iran’s nuclear sanctions, reported USA Today. The presidential memorandum marks what has being called the “...
IAEA Last Hurdle to Iran Sanctions, Energy Projects
German foreign minister Frank-Walter Steinmeier arrived in Iran for the first extended visit to the country for a German official of his rank in 12 years, reported Deutsche Welle. This was ahead of the final removal o...
Japan Making Way Back to Post-Sanction Iran Crude Market
Executives of Japan’s Showa Shell Sekiyu arrived in Tehran on Monday, reported Press TV. “The aim of the visit (by Showa Shell executives) is to increase the volume of oil bought from Iran during the post-sancti...
Iran Postpones Major Oil Conference to February
The “Iran Oil and Gas Summit Post Sanctions” event in Britain’s capital is scheduled for February 22-24, said Seyed Mehdi Hosseini, head of the country’s oil contracts re-negotiation team, repo...
