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Tag Archives: Iran

Poland joins flock seeking business in Iran after nuclear deal

Poland

WARSAW – Poland sent a high-level delegation including pharmaceutical, chemical and railway executives to Iran on Friday, joining a string of Western states hoping to exploit opportunities opened by Tehran’s nuclear agreement with world powers. Economy Minister Janusz Piechocinski was heading a group with representatives of some 60 Polish businesses, including railway manufacturers Newag and Pesa. Poland is interested in ...

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Iran postpones London oil conference to Feb 2016

LONDON – Iran has postponed a crucial conference to present new oil contracts to investors in London to February 2016 from December 2015 as industry sources said Tehran was still waiting for Western sanctions to be lifted. The global oil industry has been eagerly watching Tehran’s plans for the conference as Iran, OPEC’s third largest oil producer, holds the world’s ...

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Fill ‘er up: Gas prices dropping

Everyone likes a gift that keeps on giving. Take cheap gas prices, which are are expected to keep on giving at least through the holidays. A gradual reduction over the last several months has led to stations in at least one Southern New Hampshire community to drop prices to under $2 a gallon. Cars were lined up three and four ...

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Iran to clients: Buy our oil and get joint ventures too

SEOUL – Iran has unveiled details for long-awaited foreign cooperation contracts which it hopes will attract oil buyers and investors to modernize its aging infrastructure, including offers to take part in joint ventures to extract its huge reserves. The United Nations endorsed a deal in July to end years of economic sanctions on the Islamic republic over its nuclear program, ...

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Top 5 Bakken stories of the week

Here are the top five stories from Bakken.com for the week of August 22nd through the 28th. Enjoy! 5. Ex-well operator in North Dakota indicted in dumping case The former operator of a saltwater well in southwest North Dakota linked to an illegal wastewater dumping case pleaded not guilty to multiple felony charges Monday in federal court in Bismarck. A ...

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Iran says an OPEC emergency meeting may stop oil price slide – Shana

DUBAI – Iran’s Oil Minister, Bijan Zanganeh, said on Sunday that holding an emergency OPEC meeting may be “effective” in stabilizing the oil price, Iran’s oil ministry news agency Shana reported. Algeria said earlier this month that the Organization of Petroleum Exporting Countries could hold an emergency meeting to discuss the drop in oil prices but other OPEC delegates said ...

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Iran oil output could jump sharply post-sanctions – IEA

LONDON – Iran could raise its oil output by as much as 730,000 barrels per day (bpd) from current levels fairly quickly after sanctions are removed, the International Energy Agency said on Wednesday. The West’s energy watchdog estimated that Iranian oilfields, which pumped around 2.87 million bpd in July, could increase production to between 3.4 million and 3.6 million bpd ...

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Hamm is certain the export ban will be lifted by October just as OPEC reduces output

Harold Hamm

The global oil market is in for some big changes this fall if oil tycoon Harold Hamm’s crystal ball proves accurate. During a quarterly update conference call on Aug. 6, the Continental Resources Chairman and Chief Executive Officer predicted an “energy paradigm shift will have profound long-term consequences worldwide starting with the U.S. crude export ban being lifted so America ...

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Iran eyes $185 bln oil and gas projects after sanctions

VIENNA – Iran on Thursday outlined plans to rebuild its main industries and trade relationships following a nuclear agreement with world powers, saying it was targeting oil and gas projects worth $185 billion by 2020. Iran’s Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh said the Islamic Republic would focus on its oil and gas, metals and car industries ...

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