Courtesy of The Financial Express, a report on ONGC Videsh Ltd’s (OVL), the special-function arm of state-owned oil and gas producer ONGC, efforts in finding equity oil abroad especially in Iran. As the article notes: “Iran is strategically important for us, as in a world worried over the progressive depletion of hydrocarbon reserves it is […]
Read more »Via Energy Daily, a report on the impact that the continuing political turmoil sweeping Iran will have upon its pressing need to develop its natural gas sector, which is widely perceived as the country’s answer to its worsening economic problems. As the article notes: “…Iran, whose oil is declining and whose energy industry is so […]
Read more »Via Energy Daily, a report that Iran – in a historic move – is now preparing to tentatively start exploring in the Caspian Sea’s coastal waters as well. As the article notes: “…What is impressive about Iran’s intentions is the fact that its offshore equipment is indigenously produced, a result of 30 years of U.S.-led […]
Read more »Via Gregor.us, an interesting examination of Iran’s recent announcements of new oil discoveries. As the article notes: “…People are usually shocked to learn Iran imports 50% of its gasoline. This effectively destroys a good portion of their export earnings from oil. Obviously, therefore, it would make sense for Iran to expand its domestic refining capacity. […]
Read more »Via Radio Liberty, a report on a multibillion-dollar agreement recently concluded between China and Iran to develop the big Yadavaran oilfield in southern Iran. As the article notes: “…The Yadavaran oil field has crude oil reserves estimated at three billion barrels. That appears to be an irresistible statistic for China, whose oil-hungry economy is slated […]
Read more »Via Energy Daily, a report that China and Iran recently signed a $1.76 billion contract for the initial development of the North Azadegan oil field in western Iran. As the article notes: “…The agreement between China National Petroleum Corporation (CNPC) and the National Iranian Oil Company (NIOC) foresees production from the field reaching 75,000 barrels […]
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