2016, May, 19, 19:50:00AZERBAIJAN NEED GAS
Socar President Rovnag Abdullaev disclosed last week that Azerbaijan was in the process of negotiating an agreement under which it would purchase 3-5bn m³/yr of gas from Gazprom.
2016, May, 10, 18:05:00DOUBLE IRANIAN LPG
Iran plans to double its Liquefied Petroleum Gas (LPG) production in the post-sanctions era, Deputy Director of International Affairs for Marketing and Crude Oil Operation in the National Iranian Oil Company Safar-Ali Karamati said.
2016, April, 26, 19:55:00TURKEY GAS OPPORTUNITIES
Russia has been developing new pipeline projects such as South Stream, Turk Stream and Nord Stream 2. If one of them were to be realized then transit risk stemming from Ukraine would be severely minimized and Moscow would have important strategic leverage.
2016, April, 24, 12:35:00KASHAGAN WILL RELAUNCH
Kazakhstan's KazMunaiGaz, which owns the largest stake in the project, has said previously that the field would relaunch by the end of 2016.
2016, April, 8, 21:20:00IRAN ISN'T NEEDED
Oil-producing countries can come to an agreement capping crude production at January levels even if Iran doesn’t join the move to help shore up prices.
2016, April, 8, 20:55:00SOUTHERN CORRIDOR FUNDING
Last month, the state-owned Southern Gas Corridor Company (SGCC) raised $1bn in a 10-year eurobond at 6.875% yield. However, it met only half of its original plan.
2016, April, 5, 18:15:00IRAN WILL CONTINUE
OPEC secondary sources put Iran's current output at 2.93 million barrels per day (bpd). It is working to regain market share, particularly in Europe, after the lifting of international sanctions in January. The sanctions had cut crude exports from a peak of 2.5 million bpd before 2011 to just over 1 million bpd in recent years.
2016, April, 3, 16:20:00IRANIAN GAS UP BY 15%
According to documents prepared by the oil ministry and obtained by NGE in mid-March, South Pars produces a little less than half of Iran's total raw gas, meaning Iran's total raw gas production was above 260bn m3 in the last fiscal year.
2016, April, 3, 15:50:00BP & AZERBAIJAN COOPERATION
But in order to extract those resources, BP has had to wage a battle to control inflated costs and root out fraud, internal documents and interviews with former employees of BP and its contractors show.
2016, March, 29, 18:35:00U.S. LNG FOR TURKEY
Turkey has for the first time imported liquefied natural gas (LNG) from the US in 2016, said the message from Turkey’s Energy Market Regulatory Authority (EMRA).
2016, March, 22, 18:45:00IRAQ'S FIRST GAS EXPORT
In November 2011, Iraq signed a $17 billion deal to form a joint venture to gather, process and market gas from three oil fields in the oil-rich province of Basra. The fields are the 17.8 billion-barrel Rumaila, the 4.1 billion barrel Zubair field and the 8.6 billion barrel West Qurna Stage 1.
2016, March, 15, 19:05:00U.S. CAN INVEST
U.S. companies are welcome to invest in Iran's oil and gas industry, the Iranian oil minister said.
2016, March, 12, 11:15:00IRAN NEED TECHNOLOGY
“We need contracts, tenders and technology,” he said, describing Iran as a “garden” in need of nourishment. “Money for the Iranian economy is like water.”
2016, March, 3, 19:15:00INDIA'S & IRANIAN OIL UP 20%
Iran is working to regain market share after sanctions relief and exports had already risen by 500,000 bpd in February, Mohsen Ghamsari, director of international affairs at National Iranian Oil Co (NIOC), told Reuters on Tuesday.
2016, February, 23, 19:15:00IRAN IS A GOLD MINE
The low oil prices are a lucky charm for Iran, because the production costs in Iran are really low and you can't find any other place in the world that has such low production costs. Also, companies that are coming to invest in Iran would have access to both oil and gas reserves.