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.
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.