Tag Archives: OMV

The US is especially concerned over the Nord Stream 2 project and has been strictly opposing its implementation.

Last year. Gazprom used their pipelines to deliver over 80 billion cubic meters of natural gas. or roughly 46% of its Europe-bound gas deliveries.

Kurdistan Regional Government says it will immediately pay $600m to Dana and its partners in the Pearl Petroleum consortium.

In the meantime. other foreign companies are welcome to discuss their interest in the gas field.

Over the past few years. Iran had been pursuing exporting natural gas to Kuwait. Oman and Iraq.

Officials say the partnership of domestic companies with oil majors will gradually enhance the technical and managerial know-how of Iranian firms.

The new US sanctions are supposed to limit the financing period for sanctioned Russian banks to 14 days. and for sanctioned oil and gas sector companies to 60 days.

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

The biggest exploration expenses are expected for blocks Parsa and Bamdad in the Gulf. amounting to 80 million euros and 75 million euros respectively.

Iran needs foreign investment for repairs and upgrading of its oil and gas fields.