Tag: Iran
Iran optimistic on OPEC deal after meeting Algerian minister
OPEC deal could see 1.7 million b/d cut DUBAI, Nov 26 (Reuters) – Iran is optimistic an OPEC deal on limiting oil supplies can be reached and plans to announce its own decision about any output curbs at the group’s meeting next week, Iranian Oil Minister Bijan Zanganeh said on the ministry’s official website SHANA. “The […]
OPEC talks struggle with question of market share: Kemp
Question is whether Saudi Arabia, Iran and Iraq can reach deal despite disagreeing about the regional power structure By John Kemp LONDON (Reuters) – OPEC officials are struggling to reach a final agreement on how to share out production cuts implied by the preliminary output accord agreed by ministers in Sept. In theory, all OPEC […]
Iran’s Guards using Trump victory to claw back power
“Trump and IS gifts from God to IRGC”, senior official says By Parisa Hafezi ANKARA, Nov 21 (Reuters) – Donald Trump’s victory and the war on Islamic State have given Iran’s hard-line Islamic Revolutionary Guard Corps what it sees as a unique opportunity to claw back economic and political power it had lost. Sidelined after […]
Norway’s DNO signs Iran oil field deal
DNO deal is Iran’s second western energy deal post-sanctions By Ron Bousso Nov 16 (Reuters) – Norwegian oil and gas company DNO is to study the development of an oilfield in Iran, becoming the second western company after France’s Total to sign an energy deal in the country since the lifting of sanctions. DNO said on […]
Total signs first post-sanctions Western energy deal with Iran
Total confirms South Pars Phase 11 deal with NIOC worth $2 billion By Andrew Callus PARIS, Nov 8 (Reuters) – France’s Total has signed a deal with Iran to further develop its part of the world’s largest gas field, becoming the first western energy company to sign a major deal with Tehran since the lifting […]
Europe hopes Clinton win can spur elusive Iran deals
Clinton victory would clear clouds hanging over last year’s Iran nuclear deal By Noah Barkin BERLIN, Nov 1 (Reuters) – After a year of disappointment, European businesses are hoping a victory for Hillary Clinton in the U.S. election next week may help break the logjam that has prevented large-scale Western investments in Iran since the […]
As Iran oil tenders near, investors still in the dark on terms
Iran oil tenders due in November By Rania El Gamal, Ron Bousso and Parisa Hafezi TEHRAN/ISTANBUL, Oct 20 (Reuters) – Two years after Iran pledged to open up its oil industry in anticipation of the lifting of sanctions, foreign companies say they still have little information about Iranian oil fields and contract terms, hindering investment […]
Iran oil, gas fields tender to likely be launched in November
11 Iran oil fields will eventually be offered By Rania El Gamal TEHRAN, Oct 17 (Reuters) – Iran will launch next month its first new style tender to develop oil and gas fields since the lifting of international sanctions, a leading Iran oil official said on Monday, after months of internal discussions over the terms, intended to be […]
Iranian, Iraqi oil ministers will not attend Istanbul talks – sources
Algiers agreement expected to be implemented this year ISTANBUL (Reuters) – The oil ministers of Iran and Iraq will not attend informal talks between OPEC and non-OPEC producers in Turkey this week, sources familiar with the matter said on Sunday. OPEC sources and the Russian energy minister had said on Thursday that ministers from the […]
Saudi Arabia starts naval exercises in Gulf amid heightened tensions with Iran
Saudi Arabia, Iran tensions mount DUBAI, Oct 4 (Reuters) – Saudi Arabia began naval war games including live fire exercises on Tuesday in the Gulf and Strait of Hormuz, the world’s most important oil route, official media reported, a move that coincides with heightened tensions with regional rival Iran. Warships, speedboats, air navy aircraft, Marine […]
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