Iran’s NIOC nears crude sales contract with OMV

May 10, 2017 0

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.

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Korea’s HEC signs $3.2B petchem deal in Iran

March 17, 2017 0

Korea’s Hyundai Engineering (HEC) and Iran’s state-run Ahdaf Investment Company signed a $3.2 billion deal for the construction of the second phase of the Kangan Petro-Refinery project, Kallanish Energy learns.

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