French energy giant Total will finally sign its multi-billion-dollar agreement to develop an Iranian offshore gas field on Monday, the oil ministry said, in the biggest foreign deal since sanctions were eased last year. “The international agreement for the development of phase 11 of South Pars will be signed on Monday in the presence of … Read more
French energy giant Total is to sign a $4.8 billion agreement to develop an Iranian offshore gas field, the oil ministry said Sunday, in the biggest foreign deal since sanctions were eased. “The international agreement for the development of phase 11 of South Pars will be signed on Monday in the presence of the oil … Read more
Hyundai has signed a deal worth three billion euros ($3.2 billion) to invest in a major Iranian oil project, the South Korean firm confirmed on Monday. Hyundai Engineering plans to invest 3.1 billion euros in the second phase of the Kangan oil production and refinery project in southwest Iran, it said in a statement. The … Read more
Iran said in January its daily output was close to 3.9 million barrels. Iran expects its oil production to reach 4 million barrels per day by mid-April, and plans to drill 500 new wells over the next five years to raise output to 4.7 million bpd, a senior oil official was quoted as saying on … Read more
Libreville (AFP) – Angry protesters torched Gabon’s parliament Wednesday after President Ali Bongo was declared winner of what he claimed was a “peaceful and transparent” election, but which the opposition said was fraudulent. It only took a few minutes for the announcement to sink in before several of Libreville’s poorer neighbourhoods erupted in anger, with … Read more