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…
Month: November 2015
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.…
Dubai Lynx jury presidents announced
The Dubai Lynx International Festival of Creativity today announced the names of its 2016 jury presidents and a new Creative Effectiveness category. “Discussions around the effects of creativity on business continue to be had across the industry,” says Emma Farmer, Festival Director,…
Iran plans LNG exports to Europe not pipelines
Iran’s Oil Minister Bijan Zanganeh told a press conference in Tehran today that his ministry is planning to export liquefied natural gas (LNG) to Europe rather than pumping gas via pipelines. “LNG has a considerable advantage as it can be…
Fitch lifts DP World’s outlook on higher cash flow margins and acquisitions
Fitch Ratings has revised UAE-based port operator DP World’s (DP World’s) outlook to positive from stable and affirmed its long-term issuer default rating (IDR) at BBB-. Fitch has also affirmed DP World’s senior unsecured rating at BBB- and its short-term…
Iran to supply up to 35 million cm/d of gas to Basra
Iran is to supply Basra in Iraq with up to 35 million cubic metres a day (cmd) of gas under a six-year deal signed last week. It calls for the daily volume to start at 7 million cubic metres and to…