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Iranian Possibilities Update: June 2008 Iranian Buisness Newsletter 30 June 2008
Offering a Public/Private Sector Dialogue Gulf Policy Iranian Newsletter Monitoring the latest news
30 June 2008
Dear Reader,
This is MEC’s latest Iran Scenarios Newsletter on the major developments concerning news in Iran. A pipeline project between Iran-Pakistan-India is being planed this month. The proposed 7.5 billion pipeline would initially carry 2,120 million cubic feet of gas a day. Furthermore the Croatian state-owned oil and gas company, INA started exploration in Northwestern Iran on June 21st. Please share with us your thoughts and any other commentary. If you would like to learn more about this newsletter or forthcoming events, or perhaps would like to suggest an event or article for inclusion in the next edition, please do not hesitate to contact me at admin@meconsult.co.uk
Kind regards,
Anke Seger, Editor MEC International Ltd. Fax: 020 7591 4801 Email:admin@meconsult.co.uk
Pakistan keen to see Iran pipeline deal through (June 30, 2008)
Pakistan is keen to see the Iran-Pakistan-India (IPI) oil pipeline project through and awaits India’s readiness to engage with Pakistan in this regard, according to Pakistan’s Minister for Finance and Economic Affairs Syed Naveed Qamar.
Iran to allow full foreign ownership of state-run companies (June 30, 2008)
Iran will begin to allow foreign firms to purchase Iranian state-run companies, with the possibility of obtaining full ownership, Iran’s satellite Press TV said on Monday.
Iran, Serbia boost transportation co-op (June 30, 2008)
Iran and Serbia signed an MOU on goods and passenger transportation here on Sunday.
The MOU was signed between Mohammad Bokharai, Iranian deputy minister of roads and transport and Miodrag Jocic, Serbian deputy minister of transport and communications.
G8 urges Iran to respond to nuclear incentives(June 27, 2008)
The Group of Eight nations urged Iran on Friday to respond positively to the latest in a series of Western incentives that have so far failed to persuade Tehran to curb its nuclear activities.
Iran-Gambia to Boost Marine Cooperation(June 24, 2008)
Iran and Gambia on Monday opened the first meeting on shipping and port cooperation in Tehran. The Ports and Shipping Company of Iran director in charge of transit and tariffs, Gholam Reza Sasani, held talks with the Gambian permanent secretary at the Department of State for Works, Construction and Infrastructure, Bakary M. Houma on issues of mutual interests.
Iran Seeking Supertanker to Store More Crude Oil, Brokers Say(June 24, 2008)
Iran, OPEC’s second-largest oil producer, is seeking to hire a supertanker to store crude oil in the Persian Gulf for as long as 60 days, three shipbrokers said.
Croatia starts oil exploration in Iran(June 23, 2008)
The Croatian state-owned oil and gas company, INA, has reportedly begun exploration activities in an oil block in northwestern Iran.
"The Croatian firm started work in the Moghan-2 Block on June 21," the National Iranian Oil Company’s director for exploration affairs, Hossein Roshandel, told ISNA Monday.
Energy: Nabucco Chief Eyes Iranian, Russian Gas Despite U.S. Objections(June 23, 2008)
When finished, the Nabucco natural-gas pipeline will run from eastern Turkey to the heart of Europe, completely bypassing Russia. But while its route is established, its suppliers have yet to be fully determined. And therein lies the controversy.
India to hold gas pipe talks with Iran, Pak in July(June 23, 2008)
Officials from India, Pakistan and Iran will meet next month in Tehran to take forward a $7.6 billion project to pipe Iranian gas to the South Asian nations, India’s oil secretary said on Monday.
India likely to sign IPI pipeline deal (June 23, 2008)
India says it has resolved most of its differences with Iran over the IPI ’peace’ pipeline and that both sides may sign a deal within 5 weeks.
EU states back new sanctions on Iran(June 23, 2008) European Union states agreed on Monday to impose new sanctions against Iran, including an asset freeze on its biggest bank, over its refusal to meet demands to curb its nuclear programme. But the EU said the door remained open to possible talks over an international package of incentives delivered to Tehran earlier this month by EU foreign policy chief Javier Solana for Iran to suspend uranium enrichment. Iran, Russia Sign Deal to Build Airliners(June 22, 2008)
Iran has signed a preliminary agreement with Moscow for a joint venture to build passenger airliners in the Middle East nation.
Iran to Spend $109mln on Petrochemical Zone(June 19, 2008) TEHRAN (FNA)- Iranian President Mahmoud Ahmadinejad’s special representatives in oil affairs approved a plan to allocate 982,321 million rials (some 109mln dollars) for developing Bandar Imam Petrochemical Zone infrastructures by the Ab-Niroo Petrochemical Company. Mehr cited the official website of Iran’s Presidential Office saying, the plan aims to benefit from optimum domestic technical, engineering, and executive potentials in implementing projects in the water and energy sector.
Iran, Malaysia sign $1.5bn oil deal(June 15, 2008)
Iran and Malaysia’s Amona company have signed a one-billion-euro ($1.5 billion) deal to develop the Resalat oilfield in the Persian Gulf.
OVL consortium proposes to invest $3 billion in Iran gas block(June 13, 2008)
ONGC Videsh Ltd and its partners Indian Oil Corp and Oil India Ltd have proposed to invest about 3 billion dollars in bringing to production 12.8 trillion cubic feet (Tcf) of gas reserves they have found in Farsi gas block in Iran in the next 3-4 years.
Iran Boosts Manufacture of Hybrid Car Engines(June 11, 2008)
Iran is to scale down production of gasoline-powered vehicles and increase its manufacture of cars with dual-fuel and natural gas engines. "Sixty percent of passenger cars produced this year will use natural gas as fuel or will be dual-fuel, and the remaining 40 percent will run on regular gasoline," read a statement released by the Cabinet of President Mahmoud Ahmadinejad, press tv reported.
Iran Plans to Cut Oil Tankers, Clear Stored Crude by Mid-Summer(June 9,2008)
Iran, OPEC’s second-largest oil producer, said it plans to cut the number of tankers idling in the Persian Gulf and clear a backlog of crude stored on them by the middle of the summer.
Iraq talks with Kuwait, Iran on shared oil: report(June 8, 2008)
Iraq, home to the world’s third largest proven oil reserves, is in talks with neighboring Iran and Kuwait to reach a deal to pool shared oilfields, the London-based Asharq al-Awsat reported on Sunday.
Iran, Turkmenistan Keen to Boost Energy Ties(June 7, 2008)
Iranian and Turkmen energy officials have called for expanded cooperation in the oil and gas sectors during an energy exhibit in Ashgabat.
Iran to Invest in LNG Market(June 5, 2008)
Iran is planning to pump in excess of $120bln into projects to produce 80 mln tons of LNG within 12 years and become the world’s largest LNG exporter, an Iranian gas official said. Iran does not currently have LNG industries, although it controls the world’s second largest natural gas resources after Russia, estimated at 27.5 trln cubic meters - more than 15% of the total global gas reserves. Read entire article @ |
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