After years of delays, Iran started on Wednesday evening natural gas exports to neighbouring Iraq, Iranian deputy petroleum minister for international affairs Amir Zamaninia told state-run Islamic Republic News Agency (IRNA).
Saudi Arabian King Salman promoted on Wednesday his 31-year-old son, Mohammed bin Salman, to become crown prince and second in line to the throne, giving him extraordinary powers to push through his vision to wean the economy off oil and exert his influence in regional conflicts.
Italian oil major Eni and the National Iranian Oil Company (NIOC) signed a memorandum of understanding (MoU) for studying the Kish gas field and third phase development of the Darquain oilfield, NIOC said on Tuesday.
The long-delayed natural gas development deal between Iran and French oil major Total will be ready for signing before the end of first Rouhani administration, Iranian oil minister Bijan Zangeneh said on Saturday.
International oil companies Petronas and Royal Dutch Shell will “soon” present the result of their surveys on Iran’s Azadegan oilfield, the Tehran-based Petroleum Engineering & Development Company (PEDEC) said on Monday, Kallanish Energy learns.
The re-election of Iranian President Hassan Rouhani will boost the development of energy projects in the country, as a number of them are set as priority for implementation by the end of the Iranian year, March 2018, Kallanish Energy learns.
Iran’s state-run oil company, NIOC, is reportedly in the final phase of negotiations with Austria’s OMV to sign a contract selling 40,000 barrels per day (BPD) of crude oil, which would help Tehran to pay its outstanding debt to OMV.