The European Commission signed this week the first-ever project for nuclear safety cooperation with Iran, following the nuclear agreement signed in July 2015 between the country and the six Western countries, Kallanish Energy reports.
India’s ONGC Videsh has committed to invest over $3 billion in Iran’s giant gas block, Farzad B, after submitting last month a revised development plan to the Iranian government, Kallanish Energy learns.
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).