South Korea’s SK Engineering and Construction Co (SKEC) signed a heads of agreement on Saturday for a 1.6 billion euro upgrade of the Tabriz refinery in northwest Iran, the Shana news agency said. South Korean National Assembly Speaker Chung Sye-kyun, who is in Tehran to attend President Hassan Rouhani’s swearing-in, oversaw the signing between SKEC,…
Iran’s crude oil and condensate exports to Europe has reached one million barrels per day. Iran sells crude oil to European companies within the framework of long-term deals and spot cargo, however the volume of spot cargo is higher, an informed source told Fars News Agency. Iran still encounters problems in receiving payments due to…
Gholam-Reza Manouchehri has experienced working both in offshore and onshore. He is well familiar with subsea pipelaying and refinery construction. He also knows sanctions and lack of finance. Manouchehri has a brilliant background in companies like Petropars and Iranian Offshore Engineering and Construction Company (IOEC), both involved in the development of South Pars gas field….
Iranian Minister of Petroleum Bijan Zangeneh says Iran will need 200 billion dollars for financing oil and gas projects under the 6th development plan of the country. Speaking after a ceremony to sign a deal between National Iranian Oil Company (NIOC) and an consortium comprising Total, China’s CNPC International and Petropars in Tehran on Monday,…
By Karen Gilchrist: Iran signed a $5-billion deal with a consortium led by French oil company Total on Monday to develop the giant South Pars Gas Field — the world’s largest natural gas field. The deal is the Islamic Republic’s first with a European oil company in more than a decade, marking a major milestone…
Iran signed a multibillion dollar deal on Monday with French oil giant Total and Chinese state oil company CNPC to further develop the country’s giant South Pars Gas Field in cooperation with Iran’s Petropars. The first major Western energy investment since sanctions against Tehran were lifted will cost up to $5 billion, with production expected…
Iranian airlines will buy over 80 planes from European aviation giant Airbus and its US rival Boeing. Only a day after two Iranian airlines announced deals to purchase planes from Airbus, another Iranian carrier said it has sealed a third deal to buy advanced aircraft from US plane-maker Boeing, Press TV reported. The head of…
Global Private Group plans to invest €2.7 billion in several projects, including oil production, refinery, and infrastructure and potentially airline in Iran, a statement by the group said. The agreement marks one of the biggest investments since a nuclear accord with world powers lifted global sanctions on Iran, MENAFN reported. Global Private Group has been…
Iran and France held talks on ways to expand cooperation between the two countries in the transportation sector. In the meeting, Iran’s Roads and Urban Development Minister Abbas Akhoundi and his French counterpart Elisabeth Borne studied the establishment of a working group to examine the expansion of cooperation in the transportation sector, IRNA reported. The…
With the implementation of three oil docks at Shahid Rajaei Port, oil products export capacity from this south Iranian complex will reach 34 million tons, said deputy minister of roads and urban development. Mohammad Saeidnejad who is also the managing director of Iran’s Ports and Maritime Organization (PMO) said that the oil docks will include…
