EghtesadOnline: Iraq will struggle to generate enough electricity unless it continues to use Iranian gas for three to four more years, the electricity minister said on Tuesday, resisting US pressure to stop the imports from its neighbor.
EghtesadOnline: Oil, gas and petrochemical projects, valued at more than $859 billion, are either underway or planned in the Middle East and North Africa, MENA, of which $283 billion are being implemented, as the region gets ready to meet the forecast increases in demand for energy over the next two decades.
EghtesadOnline: Thirty-five projects, worth of $1 billion were launched in East Azarbaijan Province Thursday.
EghtesadOnline: New oil and gas projects cannot be developed under sanctions unless new contracts are designed, a senior energy analyst and former head of Iran's Petroleum Contracts Committee said.
EghtesadOnline: Despite major obstacles the United States has created for Iran's energy customers, Iraq continues to purchase gas and electricity from Iran and pay for it.
EghtesadOnline: The National Iranian Oil Company is interested in working with local firms willing to take a reasonable amount of risk, including uncertainty in international markets, tech issues, project-related challenges and difficulties emanating from natural disasters.
EghtesadOnline: Crude oil and gas condensate loading from Iranian oil terminals, namely Kharg in the Persian Gulf, increased 12% to 1.70 million barrels per day in March, the highest since last October.
EghtesadOnline: Governor of the Central Bank of Iran says Iraq has paid a large part of its debt to Iran. The debts are mainly related to Iranian gas and electricity export to the neighboring country.
EghtesadOnline: Pars Special Energy Economic Zone in the southern Bushehr Province has attracted investments worth $98 billion since 1998, the PSEEZ investment director said.
EghtesadOnline: The number of greenfield oil and gas projects to get their final investment decision could rise threefold in 2019 all over the world, Norwegian energy consultancy Rystad Energy has forecast.