In the meantime. other foreign companies are welcome to discuss their interest in the gas field.
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Over the past few years. Iran had been pursuing exporting natural gas to Kuwait. Oman and Iraq.
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Officials say the partnership of domestic companies with oil majors will gradually enhance the technical and managerial know-how of Iranian firms.
Read More »Austria`s OMV to Make Conclusions on New US Sanctions Against Russia
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.
Read More »Europe `Stands Ready to Act` if US Sanctions on Russia Affect Its Oil and Gas Supplies
The EU is concerned that US sanctions will hurt investments in an oil pipeline connecting Russia to Germany.
Read More »Iran Plans 14 Oil and Gas Exploration Tenders
The biggest exploration expenses are expected for blocks Parsa and Bamdad in the Gulf. amounting to 80 million euros and 75 million euros respectively.
Read More »India`s Essar Imports of Iranian Crude Top 186000 bpd in May
Iran needs foreign investment for repairs and upgrading of its oil and gas fields.
Read More »OMV Restarts Work at Tunisian Nawara Gas Project After Blockade Ends
Nawara had an output of roughly 8.000 barrels of oil equivalent per day until May.
Read More »Vitol Closes Deal for Purchase of Petrol Ofisi Filling Station Network in Turkey
The total value of the transaction is 1.368 billion euros.
Read More »Gazprom’s Exports to Europe Hits Record High
On 7 May 2017. the construction of the TurkStream gas pipeline began.
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