Social and Events

According to a TPO official. the Iran-Ghana Joint Economic Cooperation Commission meeting will be held in Ghana in two months.

As the media notes. the new sanctions were not coordinated with the European countries.

The inauguration ceremony is expected to see a record turnout. with delegations from over 100 countries taking part in the event.

Oil is the only real national resource in these countries and governments and militias are fighting for control over it. as well as over refineries and ports.

American officials have provided little assurance that Aramco wouldn’t be a target of litigation. according to the people with knowledge of the situation.

Total holds a 50.1 interest in the South Pars project with state-owned China National Petroleum Corporation owning 30 percent and Petropars 19.9 percent.

The agreement was signed at a ceremony in Tehran attended by Zangeneh. Total’s CEO Patrick Pouyanne and senior officials from China’s CNPC and Iran’s Petropars.

The EU is concerned that US sanctions will hurt investments in an oil pipeline connecting Russia to Germany.

Fuel prices in Iran are among the cheapest in the world even after the government cancelled offering oil products at subsidized prices in May 2015.

Both Total and Shell have signed a memorandum of understanding (MoU) with Iran on Petrochemical sphere in 2016.