Space Industry and Business News  
OIL AND GAS
How Iran and Russia are locking step on oil
by Daniel J. Graeber
Tehran (UPI) Nov 18, 2016


disclaimer: image is for illustration purposes only

A Russian delegation visiting Tehran on Friday signed a handful of agreements to work with an Iranian oil company, a managing director said.

More than two dozen representatives from top major oil and gas companies in Russia, including Gazprom, are in Iran this week to discuss opportunities in the opening Iranian energy sector. Gholam-Reza Manouchehri, the deputy managing director of the National Iranian Oil Co., said memoranda of understanding were signed with three Russian oil companies.

"The documents were inked between Iran and the Lukoil, Tatneft and Zarubezhneft of Russia," he was quoted as saying by the semiofficial Fars News Agency.

The Russian agreements followed a similar arrangement between the NIOC and Norwegian oil and gas producer DNO. The Norwegian company said it would examine the possibilities for the development of the western Changuleh oil field, which is estimated to hold more than 2 billion barrels of oil in place.

The field, near the border with Iraq, was discovered in the late 1990s but never developed. DNO's deal comes roughly one week after French energy company Total confirmed the signing of a preliminary arrangement to work alongside a Chinese company in producing offshore Iranian gas.

Iran is working to bring foreign investors back to an energy sector previously shuttered by sanctions imposed for its controversial nuclear sector. Iran and Russia have established energy ties, with the latter supplying some of the fuel needed to power the Bushehr nuclear power plant in Iran.

Two years ago, when the sanctions noose was tightening on Tehran, Iran and Russia, itself under financial pressures, were reviewing the potential for an oil-for-goods deal. Iran at the time was cleared to export around 1 million barrels of oil per day and the swap had the potential to allow for an additional 500,000 bpd.

No terms of the agreements with the Russian oil companies were outlined in the Iranian media. Speaking from the sidelines of a summit in Doha, Russian Energy Minister Alexander Novak said it was incumbent on major oil producers to keep output in check.


Comment on this article using your Disqus, Facebook, Google or Twitter login.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Donald Trump will save us, Colorado oil and gas advocates say
Denver (UPI) Nov 18, 2016
A late-term decision from the Obama administration to sideline some Colorado oil and gas reserves drew fire from industry circles anticipating an about-face. "The Obama administration has hijacked federal agencies tasked by law to facilitate responsible energy development instead to do the bidding of radical environmentalists and shut down production," Rep. Rob Bishop, R-Utah, the chair ... read more


OIL AND GAS
Malawi could help secure raw materials for green technologies

Ice is no match for CSU-developed coating

Beautiful accident leads to advances in high pressure materials synthesis

2-D material a brittle surprise

OIL AND GAS
NSA gives Type1 certification to Harris radio

Upgraded telecommunications network for Marines

Unfurlable mesh reflectors deploy on 5th MUOS satellite

Ultra Electronics, GigaSat becomes channel partner for Milspace comms in Indonesia

OIL AND GAS
Russia to face strong competition from China in space launch market

Vega And Gokturk-1A are present for next Arianespace lightweight mission

Antares Rides Again

Four Galileo satellites are "topped off" for Arianespace's milestone Ariane 5 launch from the Spaceport

OIL AND GAS
Flying the fantastic four

Russian Space Agency May Launch Up to 4 Glonass Navigation Satellites Next Year

Australian continent shifts with the seasons

Swarm reveals why satellites lose track

OIL AND GAS
State Dept approves dual Gulf deals for F18 and F15 jets

South Korea to buy Large Aircraft Infrared Countermeasures from U.S.

Chilean defense ministry signs agreement with Airbus

U.S. Air Force develops solution for F-22 weapon issue

OIL AND GAS
Breakthrough in the quantum transfer of information between matter and light

The thinnest photodetector in the world

Stable quantum bits can be made from complex molecules

Researchers discover new method to dissipate heat in electronic devices

OIL AND GAS
How lightning strikes can improve storm forecasts

Farewell to Sentinel-2B

NASA finds unusual origins of high-energy electrons

Spaceflight Industries Reveals First Images from BlackSky Pathfinder-1

OIL AND GAS
Study demonstrates potential support for ban on microbeads in cosmetics

New toxicology test could improve USDA, EPA chemical screening

Heavy pollution shuts schools in Iran's capital

As mercury emissions drop, so do concentrations in tuna









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.