Iran's Oil, Gas & Petrochemical Current News

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Agreement on legal status of Caspian Sea to be signed on Sunday Agreement on legal status of Caspian Sea to be signed on Sunday
11 August, 2018
Leaders of five Caspian states will sign a convention on the legal status of the Caspian Sea at their summit in Kazakhstan’s city of Aktau on August 12 ...
Zanganeh: OPEC may need extraordinary meeting over output changes Zanganeh: OPEC may need extraordinary meeting over output changes
11 August, 2018
Iran's Oil Minister Bijan Namdar Zanganeh said OPEC may need to hold an extraordinary meeting, if the organization of oil producers fails to prevent member countries from adjusting their crude production without approval ...
Pak Energy Ministry rejects oil discovery claim near Iran borders Pak Energy Ministry rejects oil discovery claim near Iran borders
11 August, 2018
Pakistan’s Energy Ministry has rejected caretaker foreign minister’s claim of discovering huge oil reserves reportedly bigger than Kuwait’s in Pakistan near the Iran border by US energy giant Exxon Mobil ...
Norway mulls pushback on US Iran sanctions Norway mulls pushback on US Iran sanctions
11 August, 2018
Norway’s government is considering taking action to protect Norwegian companies doing business in Iran, as new US sanctions against the country start to bite ...
Iran Ilam Petchem SRU on stream by yearend: PGPIC Iran Ilam Petchem SRU on stream by yearend: PGPIC
08 August, 2018
Managing director of Persian Gulf Petrochemical Industries Co. (PGPIC) Jafar Rabiee said: “Based on the plan announced, the sulfur recovery units (SRU) of Ilam Petrochemical Co. shall get operational ...
Swiss expects limited impact by US-Iran sanctions Swiss expects limited impact by US-Iran sanctions
08 August, 2018
The re-introduction of economic sanctions against Iran by the United States is unlikely to have a major impact on Swiss businesses ...
German savings banks might bypass U.S. sanctions against Iran German savings banks might bypass U.S. sanctions against Iran
08 August, 2018
Germany's savings banks and credit unions could become a potential solution for companies to continue to do business with Iran and bypass U.S. sanctions ...
US confirms Iran sanctions waiver for Azerbaijan natural gas export pipeline US confirms Iran sanctions waiver for Azerbaijan natural gas export pipeline
08 August, 2018
The Southern Gas Corridor has received a waiver from US sanctions against Iran's energy customers, an expected win for the project, designed to transport 16 Bcm/year of Caspian natural gas to Turkey and southern Europe ...
E.U. threatens firms that stop doing business with Iran over Trump sanctions E.U. threatens firms that stop doing business with Iran over Trump sanctions
08 August, 2018
European firms that stop doing business with Iran because of reimposed U.S. sanctions could in turn be sanctioned by the E.U., a special adviser to the 28-country bloc's top diplomat has warned ...
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