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Tag Archives: Iran

Iran says will announce oil and gas contracts in Nov and Feb

DUBAI – An official in Iran’s oil ministry said on Saturday that Tehran will announce new oil and gas contracts at conferences in Tehran and London on Nov. 21-22 and Feb. 22-24 respectively according to the ministry’s news agency. Tehran approved in September a draft of international oil and gas contracts to attract foreign investors and oil buyers once sanctions ...

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House OKs lifting 40-year-old US ban on oil exports

Oil Exports

WASHINGTON (AP) — Defying a White House veto threat, the Republican-controlled House on Friday approved a bill to lift a 40-year-old U.S. ban on crude oil exports. Supporters argued that an ongoing boom in oil and gas drilling has made the 1970s-era restrictions obsolete. The bill was approved, 261-159, with 26 Democrats joining Republicans in backing the measure that now ...

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Iran to launch new oil projects, sees post-sanctions supply boost

LONDON – Iran will introduce more than 50 exploration and production projects to investors in the near future, the country’s chief negotiator for new oil contracts said on Tuesday. Seyed Mehdi Hosseini, head of Iran’s Oil Contracts Restructuring Committee, told the Oil & Money conference in London the contracts would be introduced in Iran this year and at a conference ...

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Oil up to $50 on speculation producers getting together

LONDON – Oil prices rose on Tuesday, heading for the first three-day gain in five weeks, on signals that the world’s biggest producers of crude may act jointly to support prices, which have halved over the past year. Brent crude, the global oil benchmark traded up 75 cents at the $50.00 a barrel milestone for the first time in two ...

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Shell, Total get first foreign gas stations in Iran

TEHRAN, Iran (AP) — Iran’s state TV is reporting that Royal Dutch Shell and France’s Total will be the first foreign companies to be allowed to operate gasoline stations inside Iran. The Press TV English-language channel quotes the head of Iran’s filling stations union, Bijan Haj Mohammadreza, as saying 100 new licenses have been issued to each company. Until now, ...

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Indonesia hopes rejoining OPEC will help ease reliance on oil traders

JAKARTA (Reuters) – Indonesia hopes its return to OPEC in December will bring Asia’s top gasoline importer closer to the world’s main oil producers and ease its reliance on a small group of traders for supplies, the country’s energy minister told Reuters on Monday. The Organization of the Petroleum Exporting Countries is expected to approve Indonesia’s request to reactivate its ...

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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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Iran nuclear deal is done, but not the debate in Congress

WASHINGTON — It’s a done deal, yet opponents of the Iran nuclear agreement won’t go quietly. The 60-day congressional review period has expired, and last week the State Department outlined its plan to put in place an accord that aims to prevent Iran from acquiring nuclear weapons. Congress is poised to start cranking out legislation to reinstate sanctions or shore ...

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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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