Iran (Islamic Republic of)

Iraq Can’t Commit To OPEC’s Oil Output Deal – Breaking Energy – 01/12/2016

Despite pressure from OPEC to cap its oil production, the Iraqi government can neither afford a production cut nor enforce it upon the Kurdistan Regional Government.

Source:  Breaking Energy, 2016/12/01

By |December 8th, 2016|Categories: News|Tags: , , , |

Oil back above $50 as Opec agrees supply cut – FT – 30/11/2016

Compact to axe 1.2m b/d major policy reversal for Saudis. Saudi Arabia will shoulder the bulk of the production cuts, reducing output by almost 500,000 b/d to 10m b/d, while Kuwait, Qatar and the United Arab Emirates agreed to curbs of 300,000 b/d of production.

Source:  FT, 2016/11/30

Opec says progress made on output deal, but key questions unanswered – Energy Voice – 19/11/2016

OPEC said it made progress toward a deal to cut production by more than 1 million barrels a day after another round of oil talks with Russia, but left crucial details including the role of Iraq and Iran to be resolved later this month.

Source:  Energy Voice, 2016/11/19

By |November 24th, 2016|Categories: News|Tags: , , , , , , , |

Iran to Sign $6 Billion Gas-Field Deal With Total, CNPC – WSJ – 07/11/2016

Preliminary deal under Iran’s new contract framework would mark a vital step in the return of Western companies.

Source:  WSJ, 2016/11/07

By |November 9th, 2016|Categories: News|Tags: , , , |

Opec agrees on oil output cut at Algiers meeting – FT – 29/09/2016

Crude prices climb more than 6% as cartel ministers reach consensus on production curbs.

Source:  FT, 2016/09/29

By |September 29th, 2016|Categories: News|Tags: , , , , , , |

Iran oil chief shakes up oil firm in bid to strike pre-election deals

Oil minister Bijan Zanganeh has handed the running of Iran's national oil company to a trusted ally in a push to agree long-awaited deals with global oil majors, which could be derailed by next year's presidential polls. Iran last week selected several local firms which can become partners of Western oil companies and on Monday, [...]

By |June 28th, 2016|Categories: News|Tags: , , , , |

Iran’s Oil Deals Hit Banking Snag

Energy companies turn to small lenders, barter to sidestep continuing U.S. banking limitations

Source:  WSJ, 2016/05/26

By |May 31st, 2016|Categories: News|Tags: , , , , |

Iran tries to end its isolation but so much stands in the way

A nation whose young population wants to open up to the world remains stuck

Source:  FT, 04/05/2016

By |May 10th, 2016|Categories: News|Tags: , , |

Iran May Boost Gas Exports to Europe Through Greece Facilities

Greece is in preliminary talks with Iran to secure natural gas for local needs and provide a gateway for the Persian Gulf nation to supply fuel to other parts of Europe, Greek Energy Minister Panos Skourletis said. Greece produces little oil and almost no gas, while Iran is a member of OPEC and holds gas [...]

By |March 1st, 2016|Categories: News|Tags: , , |

Azerbaijan, Iran, Russia work on establishing energy corridor

Azerbaijan, Iran and Russia are working to create the North-South energy corridor among the three neighbor countries. This was announced by Azerbaijan's Energy Minister Natig Aliyev on February 10. He told journalists that the removal of the international sanctions from Iran will play a significant role in the development of Baku's relations with Tehran. "The [...]

By |February 16th, 2016|Categories: News|Tags: , , , , |