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New oil, gas fields discovered in Iran

New oil, gas fields discovered in Iran

The director of the National Iranian Oil Company's Discovery Department said that cooperation with international companies for exploration of oil fields is continuing as new fields have been discovered in 2017 and 2018.

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Iran: Iraq must pay in euros for gas imports

Iran: Iraq must pay in euros for gas imports

Iran’s Deputy Minister of Petroleum has said: “The National Iranian Gas Company (NIGC) is opposed to being paid in Iraqi dinars for its exports to this country; because the agreement has been signed in euros.

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Iran and Pakistan start talks for gas exports

Iran and Pakistan start talks for gas exports

Iranian Petroleum Deputy Minister announced: “Previously, there were issues about Pakistan not undertaking its commitments and we may have gone to court. But now, circumstances have changed and they are interested in buying gas from Iran and we are happy to negotiate a final deal.”

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Rouhani inaugurates three major projects

Rouhani inaugurates three major projects

Today, the Iranian President inaugurated three major economic projects, including Marjan Petrochemicals Methanol Production, Phase I of Damavand Petrochemicals Plant, and Phase III of Pardis Petrochemicals in Asaluyeh, Bushehr Province.

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Iran-Pakistan gas pipeline project gains momentum

Iran-Pakistan gas pipeline project gains momentum

Hamed Kermani writes in Al-Monitor that Iran is cheerful with Imran Khan in office next door. Even before his inauguration as Pakistan’s new prime minister, President Hassan Rouhani picked up the phone to congratulate Khan and invite him to Tehran. There are two main reasons, among others, for Iran’s cheerfulness. As discussed in an Aug. 4 conversation between Iran’s ambassador to Pakistan, Mehdi Honardoost, and the Pakistani prime minister, there is the prospect of Islamabad playing a role in helping to improve relations between Tehran and Riyadh. There is also the matter of the future of the long-stalled Iran-Pakistan (IP) natural gas pipeline. Honardoust asserted the Islamic Republic’s desire to see this project, which could “change the future of Pakistan,” finally come to fruition. But does Iran have the capacity to operationalize the project, and does it really hold the potential to change the future of Pakistan?

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 Turkey: We will continue trade with Iran

Turkey: We will continue trade with Iran

The Turkish Minister of Energy and Natural Resources has responded to reimposed US sanctions against Iran by saying: “Trade with Tehran will continue. Sanctions by Washington against Iran are unilateral.”

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Iran proposal for US investment in LNG

Iran proposal for US investment in LNG

National Iranian Gas Exports Company (NIGEC) Director, Mehran Amir-Moeini, said about a proposal to the US to participate in expanding the LNG sector of Iran: “This is still only a proposal and no directives have been issued for negotiations.

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Trump's sanctions on Iran are different this time

Trump's sanctions on Iran are different this time

Nick Cuningham from Oil Price writes that the Trump administration is trying to replicate the Obama-era strategy of shutting in Iranian oil exports as a way to pressure the regime into making a series of concessions. But there are several reasons why Trump may not succeed.  

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India's response to US oil embargo against Iran

India's response to US oil embargo against Iran

Hindustan Times writes that India, which holds strategic ties with both Iran and US, faces a challenge over the sanctions. The Petroleum Ministry is also worried about rising crude oil prices and its impact on the US dollar as well as on the domestic price situation.
 

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