Post Tagged with: "Energy"

Russia, Iran, Turkey mark a new turn with $7 billion drilling deal

August 16, 2017 10:30 pm
Russia, Iran, Turkey mark a new turn with $7 billion drilling deal

Representatives of Iran’s Ghadir, Russia’s Zarubezhneft and Turkey’s Unit International sign documents for investment partnership in oil and gas projects in Moscow, Aug. 8, 2017. Turkey’s Unit International which signed a drilling deal last week with Russia’s state-owned Zarubezhneft and Iran’s Ghadir Investment Holding says the contract is worth $7 billion. The […]

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South Korea’s SK Engineering and Construction Co inks €1.6 billion Iran refinery deal

August 5, 2017 10:30 pm
South Korea’s SK Engineering and Construction Co inks €1.6 billion Iran refinery deal

Representatives of Iranian and South Korean companies sign a heads of agreement in Tehran, Aug. 5, 2017. (Photo by Shana) South Korea’s SK Engineering and Construction Co (SKEC) signed a heads of agreement on Saturday for a 1.6 billion euro upgrade of the Tabriz refinery in northwest Iran, the Shana news […]

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European Union foreign policy chief Federica Mogherini urges all JCPOA sides to keep commitments

July 14, 2017 10:30 pm
European Union foreign policy chief Federica Mogherini urges all JCPOA sides to keep commitments

European Union foreign policy chief Federica Mogherini European Union foreign policy chief Federica Mogherini says all sides to the landmark nuclear agreement reached between Iran and the P5+1 group of countries must remain committed to their obligations under the deal. Mogherini made the remarks in a statement issued on Friday […]

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Japanese, Korean firms to fund Siraf refineries

10:30 pm
Japanese, Korean firms to fund Siraf refineries

An aerial view of the offshore facilities of Iran’s Assaluyeh energy zone which provide a large portion of the feed for nearby projects, including Siraf refineries. A consortium of South Korean and Japanese companies has signed agreements to fund and implement a chain of condensate refining projects in southern Iran […]

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Iran, European Union start first ever joint project on nuclear safety

July 13, 2017 1:15 pm
Iran, European Union start first ever joint project on nuclear safety

A view of Bushehr nuclear power plant in southern Iran (File photo) Iran and the European Union have launched their first joint project aimed at strengthening bilateral nuclear safety cooperation on the eve of the second anniversary of Tehran’s nuclear deal with six world powers. At a Wednesday meeting in […]

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Vietnam drilling for oil in Chinese-claimed territory: Report

July 5, 2017 8:41 am
Vietnam drilling for oil in Chinese-claimed territory: Report

A file photo of the Deepsea Metro I drillship Vietnam has started drilling for oil in disputed territory claimed by China in the South China Sea, a report says. An oil drilling ship on contract to international firm Talisman-Vietnam has begun working off Vietnam’s southeast coast, the BBC quoted Ian […]

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Under-pressure energy-rich Qatar says to boost gas production 30%

July 4, 2017 12:00 pm
Under-pressure energy-rich Qatar says to boost gas production 30%

Qatar is the world’s biggest producer of Liquefied Natural Gas (LNG). (Photo by AFP) Energy-rich Qatar said it plans to increase natural gas production by 30 percent over the next several years, as it faces pressure from its neighbors in a diplomatic crisis. Saad Sherida al-Kaabi, the head of Qatar Petroleum, […]

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Oil recovery provides platform for Asia energy firms’ rally

5:15 am
Oil recovery provides platform for Asia energy firms’ rally

The rebound in oil prices from 10-month lows has fuelled a rally in energy firms across the world, providing support to equity markets. Asian markets mostly rose on Tuesday with energy firms rallying with their US counterparts after the recovery in oil prices extended in New York, where the Dow […]

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French energy giant Total seals Iran’s biggest gas deal in years

July 3, 2017 10:30 pm
French energy giant Total seals Iran’s biggest gas deal in years

French energy giant, Total, signs a multi-billion-dollar gas deal with Iran, the first by a European firm in more than a decade. French energy giant Total signed a multi-billion-dollar gas deal with Iran, the first by a foreign firm in more than a decade. Based on the deal, Total would […]

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Iran starts much-awaited gas exports to Iraq

June 22, 2017 10:30 pm
Iran starts much-awaited gas exports to Iraq

Iran has started a much-awaited project to export natural gas to Iraq. Iran says it has started a much-awaited project to export natural gas to its western neighbor – Iraq.  The National Iranian Gas Company (NIGC) announced that exports of around 7 million cubic meters per day (bcm/d) to Iraq’s […]

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Iran starts much-awaited gas exports to Iraq

10:30 pm
Iran starts much-awaited gas exports to Iraq

Iran has started a much-awaited project to export natural gas to Iraq. Iran says it has started a much-awaited project to export natural gas to its western neighbor – Iraq.  The National Iranian Gas Company (NIGC) announced that exports of around 7 million cubic meters per day (bcm/d) to Iraq’s […]

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Iran, Russia sign ‘revised’ oil-for-goods deal

June 2, 2017 12:15 pm
Iran, Russia sign ‘revised’ oil-for-goods deal

Russia’s Energy Minister Alexander Novak says Moscow has signed a revised oil-for-goods contract with Iran, adding that the changes concerned technical aspects and prices. Russia says it has signed a revised contract with Iran over a much-debated and long-delayed scheme to barter crude oil with goods and commodities.    Russia’s […]

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Total to ink $4 billion Iran gas deal before summer

May 27, 2017 10:30 pm
Total to ink $4 billion Iran gas deal before summer

An aerial view of South Pars in Iran’s Assaluyeh (Photo by Shana) Iran will sign a $4 billion deal with France’s Total to develop phase 11 of the giant South Pars gas field before summer, Minister of Petroleum Bijan Zangeneh says.   Zangeneh and Total Chief Executive Patrick Pouyanne met in Vienna […]

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National Iranian Oil Company (NIOC) signs first major post-election oil deal with a Spanish-Iranian consortium

May 24, 2017 10:30 pm
National Iranian Oil Company (NIOC) signs first major post-election oil deal with a Spanish-Iranian consortium

Iran has signed an agreement with a Spanish-Iranian consortium over the production of corrosion resistant pipes used in the oil industry. (Photo by Shana) The National Iranian Oil Company (NIOC) has signed an agreement with a Spanish-Iranian consortium over the production of corrosion resistant pipes used in the oil industry.  […]

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‘Iran not expecting OPEC call to cut output’

10:30 pm
‘Iran not expecting OPEC call to cut output’

Iran’s Petroleum Minister Bijan Zanganeh says he does not expect the Organization of the Petroleum Exporting Countries (OPEC) to call on the Islamic Republic to reduce its oil production when it meets to discuss extending an oil output deal tomorrow. Iran’s Petroleum Minister Bijan Zanganeh says he does not expect […]

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Nigeria Federal Government lost $11 billion oil revenue last year

May 17, 2017 6:30 am
Nigeria Federal Government lost $11 billion oil revenue last year

The revenue fact sheet released on Monday by the U.S. Energy Information Administration (EIA), revealed that Nigeria’s crude oil revenue fell from the $37 billion recorded in 2015 to $26 billion in 2016. • As OPEC members record lowest earnings in 13 years The Federal Government recorded a deficit of […]

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Saudi Arabia’s Energy Minister Khalid al-Falih says oil output cut may be extended

April 20, 2017 1:42 pm
Saudi Arabia’s Energy Minister Khalid al-Falih says oil output cut may be extended

Saudi Arabia’s Energy Minister Khalid al-Falih. Saudi Arabia says an agreement between world’s biggest oil producers to cut their production to help stabilize the market may have to be extended to ensure maximum results. “We might have to extend in order to reach the target… of stock levels,” Saudi Arabia’s […]

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Energy ministers of the G7 group of industrial nations fail to adopt united stance on climate change

April 10, 2017 8:24 am
Energy ministers of the G7 group of industrial nations fail to adopt united stance on climate change

This photo shows energy ministers from the G7 industrial nations posing for a picture during their meeting in Rome on April 10, 2017. (Photo by AFP) Energy ministers of the G7 group of industrial nations have failed to form a united front in dealing with climate change issues as the United […]

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Iran using gas injections to boost oil output

March 16, 2017 10:30 pm
Iran using gas injections to boost oil output

Platforms of Iran’s Soroush oil field in the Persian Gulf. (Photo by Shana) Speculations are emerging in media that Iran is injecting huge amounts of natural gas into its aging oil fields to boost its production of crude oil.  Bloomberg in a report emphasized that Iran’s motivation for producing more […]

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South Korea’s imports of Iranian oil up 54%

10:30 pm
South Korea’s imports of Iranian oil up 54%

A Panamanian tanker docking at Iran’s Kharg Island oil export facility in the Persian Gulf. (Photo by AFP) The latest official figures show that South Korea’s imports of oil from Iran rose by about 54 percent in February from a year ago. South Korea’s customs data show that the country […]

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