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Archive for the Category ‘Oil & Gas’

OPEC’s August Output Quota Compliance 53%, Unchanged From July, IEA Says

OPEC’s August Output Quota Compliance 53%, Unchanged From July, IEA Says

WongMixxMySpaceNetvouzNewsvineoneviewOnlyWirePlugIMPropellerRedditSegnaloShoutwireSimpySlashdotSurphaceSphinnSpurlS LiveYahoo!Email This to a Friend  Link HTML:  Permalink:  If you like this then please subscribe to the RSS Feed or Email Feed.Powered by Bookmarkify™ More »By Nidaa Bakhsh Source: Bloomberg September 10, 2010 OPEC’s compliance with record supply cuts was unchanged in August as increased output [...]

Turkey exports less gasoline to Iran in July -data

Turkey exports less gasoline to Iran in July -data

Source: Reuters U.S. September 1, 2010 LONDON – Turkey’s gasoline exports to Iran dropped by a hefty 74 percent in July after U.S.-led sanctions against the Islamic Republic came into force, figures obtained by Reuters from Turkey’s statistics office showed on Wednesday. Turkey sold 35,444 tonnes of the fuel to Iran in July, equivalent to [...]

EGL repels accusations of violation of regime of sanctions against Iran: we have contract with NIGEC, instead of Ahmadinejad

EGL repels accusations of violation of regime of sanctions against Iran: we have contract with NIGEC, instead of Ahmadinejad

Source: ABC.AZ August 26, 2010 Baku – The Swiss energy group EGL does not consider that its ?18 billion gas contract with the National Iranian Gas Export Company fall under American sanctions in regard to Iran, despite similar opinions in the U.S. Congress. In particular, Mark Dubowitz, the executive director of the Washington-based Foundation for [...]

Nabucco Group Scraps Plan For Iranian Gas Supply

Nabucco Group Scraps Plan For Iranian Gas Supply

Source: The Wall Street Journal (Dow Jones) August 23, 2010 VIENNA–European energy companies have shelved a plan to source gas from Iran to Europe via the European Union-backed Nabucco gas pipeline given Iran’s political situation, the Nabucco consortium said Monday. In line with previous statements on Iran, the consortium said it has decided to go [...]

Iran plans to up production, scrap gasoline import

Iran plans to up production, scrap gasoline import

Source: Bloomberg BusinessWeek August 25, 2010 Iran has taken measures to increase domestic production and will soon stop importing gasoline, the country’s oil minister said Wednesday, in a show of defiance as U.S. sanctions target Iranian fuel supplies. Four rounds of U.N. sanctions have hit Iran’s economy but have not persuaded the government to halt [...]

Iran plans to up production, scrap gasoline import

Iran plans to up production, scrap gasoline import

Source: The Associated Press (AP)/Bloomberg BusinessWeek August 25, 2010 TEHRAN, Iran – Iran has taken measures to increase domestic production and will soon stop importing gasoline, the country’s oil minister said Wednesday, in a show of defiance as U.S. sanctions target Iranian fuel supplies. Four rounds of U.N. sanctions have hit Iran’s economy but have [...]

Iran offers to finance Bangladesh ERL’s oil refining plant

Iran offers to finance Bangladesh ERL’s oil refining plant

Source: Iranian regime-run English language daily, Tehran Times August 22, 2010 The Iranian government would bankroll the cash-starved state-owned Eastern Refinery Limited (ERL) of Bangladesh for upgrading its crude oil refinery capacity three folds that would require investment worth nearly $1 billion, officials said. Bangladeshi finance ministry officials said the Iranian government in a recent [...]

Iran says has no problem securing gasoline imports

Iran says has no problem securing gasoline imports

Source: Reuters U.S. August 25, 2010 Iran denied on Wednesday reports that sanctions are making it harder to import gasoline, one of the most vulnerable parts of the Iranian economy, which lacks sufficient domestic refining capacity. “We do not have any problem in securing the country’s gasoline and we have not been facing any fuel [...]

Minsk expects Belarusian-Iranian oil production to total up to 9.3 million tons in next decade

Minsk expects Belarusian-Iranian oil production to total up to 9.3 million tons in next decade

Source: United Democratic Forces of the Belarus August 25, 2010 The Council of Ministers has adopted the Strategy for the Development of the Energy Potential of the Republic of Belarus for the period until the end of 2020, which says that Belarusian-Iranian oil production is estimated to total up to 9.3 million tons in the [...]

Iran Begins Oil Production On Joint Field

Iran Begins Oil Production On Joint Field

Source: Radio Free Europe/Radio Liberty (RFE/RL) August 24, 2010 August 24, 2010 Iran has begun production on an oil field shared with Oman in the Persian Gulf’s Strait of Hormuz. Iranian state-run television quoted Mahmud Zirakchian, the head of Iran’s offshore oil company, as saying oil is now being extracted from the Hengam oil field. [...]

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