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 […]
Read more »As recently reported by Arabian Business, Iran’s oil minister will travel to Muscat to discuss plans to export Iranian gas to Oman from where it could be exported using an Omani liquefied natural gas (LNG) plant. As the article notes: “…Iran has the world’s second biggest reserves but has been slow to develop gas exports […]
Read more »From The National, an interesting analysis of Russia’s recent diplomatic and trade activities in the Middle East and North Africa in a bid to enhance its geopolitical clout and gain access to, and at least partial control over, the region’s oil and gas reserves. As the article notes: “…Among the former global superpower’s tactics: linking […]
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