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.
French oil supermajor Total is eyeing another investment in Iran post-sanctions, by entering the country’s liquefied natural gas (LNG) exports facility project, Iran LNG, industry sources said on Tuesday.
Tehran expects its crude oil production to reach 4 million barrels per day (MMBPD) by mid-April, from 3.92 MMBPD in January, Ali Kardor, head of National Iranian Oil Company (NIOC) said on Saturday.
OPEC’s crude oil production was down by 890,200 barrels per day (BPD) in January to average 32.14 million barrels per day (MMBPD) vs 33.02 MMBPD in December, Kallanish Energy learns from OPEC’s latest monthly report, released on Monday.
The Iran-Oman natural gas pipeline first proposed in 2013 is on track to come on-stream by 2020, officials from both country said after a meeting in Tehran on Tuesday, in which they decided the exports line would bypass waters controlled by the United Arab Emirates (UAE).
Iran has announced the discovery of 15 billion barrels of new in-place oil reserves and 1.8 trillion cubic meters (Tcm) of gas reserves, “weeks” away from its new round of tenders seeking international partnership to help recover its resources, Kallanish Energy learns. […]
Iran’s deputy oil minister Amir Hossein Zamaninia said Monday Tehran has not restricted U.S. oil firms from participating in its energy projects, but American sanctions make such cooperation impossible. […]
Iran will launch new contracts to develop oil and natural gas assets this month in the country’s first such tender since the lifting of international sanctions a year ago, an oil official said over the weekend. […]