Spain | Egypt Oil & Gas - Part 4
Iranian Crude Cargo Reaches Europe
The Monte Toledo oil tanker became the first to have delivered Iranian crude into Europe since mid-2012, after the economic sanctions on Tehran were lifted earlier in January 2016, Bloomberg reported. The tanker carri...
Spain’s Repsol Cuts Dividend to Keep Investment Grade
Spain’s largest oil company Repsol, lowered its dividend after revealing a $2.2b quarterly loss, fueling fears that cherished investor payouts are on the chopping block as energy companies grapple with a crude-price s...
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...
Iran Resumes Petchems Exports to Europe
Iran has resumed petrochemical exports to Europe for the first time in five years and received payments through an international bank in Spain, previously blocked under the 2011 sanction regime, Press TV reported citi...
TSK, Enviromena Win $128m Solar Project Contract in Jordan
TSK Group, a Spanish EPC contractor, and Enviromena Power Systems, a UAE-based international solar photovoltaic integrator have been awarded a $128m contract to build a 103 MW solar photovoltaic (PV) power plant in Jo...
European Companies to Help With Saudi Gas Transformation
Two European companies, Spain’s Tecnicas Reunidas and Britain’s Petrofac, have been selected build the Fadhili gas plant in Saudi Arabia for Saudi Aramco, industry sources told Reuters. The contracts are w...
Egypt’s Sherif Ismail to Meet Spanish Energy Minister
Egypt Oil and Gas (EOG) learned that the Minister of Petroleum and Mineral Resources, Sherif Ismail is on his way to to Spain to meet his counterpart, the Spanish Energy Minister, in order to discuss means of cooperat...
Spain Capitalizes on Cheap Energy, Eager for Iranian Crude
Iran announced its readiness to export crude to Spain, reported Press TV. “We are still to arrive at a figure for oil exports to Spain,” said Mohsen Qamsari, the director for international affairs of the National Iran...
