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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OPEC oil production drops 890,200 BPD in January

February 14, 2017 0

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.

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Iran-Oman gas pipeline to avoid UAE waters, online by 2020

February 9, 2017 0

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).

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