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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Iran announces major oil, gas discoveries ahead of tenders

February 7, 2017 0

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 will launch new oil and gas contracts

February 7, 2017 0

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. […]

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