Russian President Putin, who met Saudi Arabia’s King Salman on Monday and is due visit Tehran next week, is poised to play a pivotal role in developing a coherent international approach to ending the Syrian war and defusing a looming…
Day: November 18, 2015
Iran Petroleum Contract ready for launch
Iran’s Ministry of Petroleum today published the new oil and gas contracts framework which will be presented formally to foreign companies in Tehran next week. The Iran Petroleum Contract (IPC) has been published on the website of the ministry’s Shana…
Khesht field production to start by March
Crude oil production at Khesht field will start by the end of the Iranian financial year in March 2016, operator to the field’s development projects said today. Managing director of South Zagros Oil & Gas Production Company Gholamhussein Montazeri said output will be 20,000…
Iran in talks to buy share in India’s Essar Refinery
Iran has started negotiations to buy an equity stake in India’s Essar Refinery and similar talks also being held with European, South American and Asian companies, deputy petroleum minister Abbas Kazemi was quoted as saying today. Kazemi was reported by…
Daman launches employee health portal
Abu Dhabi’s national health insurance company Daman has launched an electronic portal free to all its corporate clients that allows organisations to create their own health campaigns. HealthGuardian supports human resource managers with communicating health news and allows the customisation of…
NBK floats its first KD bond
The National Bank of Kuwait’s issue of KD 125 million of subordinated Tier 2, Basel III compliant bonds, the bank announced today was oversubscribed by 100 per cent, the bank said today. They are the first investment grade-rated Basel III-compliant,…
IAEA on track to submit Iran nuclear report by 15 December
The International Atomic Energy Agency (IAEA) will submit its final assessment of Iran’s compliance with the roadmap agreed by the Islamic Republic and the agency on 1 July by 15 December as required by the Joint Comprehensive Plan of Action,…
South Korea’s imports of Iranian oil averaged 123,000 b/d in Jan-Oct
South Korean customs figures show South Korea’s imports of Iranian crude oil averaged 123,056 barrels a day (b/d) in January-October. Iran is now exporting about 1.1 million b/d of crude oil, about half the figure recorded before the tightening of…
Iran to double oil exports after sanctions
For full coverage of business developments in Iran and the Middle East, see MEED Iran is preparing a radical increase in crude oil exports following the relaxation of international sanctions which experts say could happen by the end of 2015.…