Subscribe free to our newsletters via your
. Farming News .




OIL AND GAS
No contact with U.S. on oil, Iran says
by Daniel J. Graeber
Tehran (UPI) May 18, 2015


disclaimer: image is for illustration purposes only

Though doors may be opening to the Iranian oil sector, the government in Tehran hasn't been in contact with any U.S. companies, a top official said Monday.

Iran aims to do away with buy-back contract offers, whereby the host country agrees to buy produced hydrocarbons at a set price, and replace them with joint venture projects in an effort to woo foreign companies back to the Iranian energy sector.

Mehdi Hosseni, the head of a contract revision committee in the Iranian Oil Ministry, said nearly a dozen new exploration and production projects are envisioned under the terms of a new contract regime under review.

Iran's oil minister in early March hosted multinational corporate representatives at a four-day energy conference in Tehran. Prior to the event, the Iranian government said it expected a U.S. presence at the event.

"We are in regular contacts with companies from Europe and Asia, but there has been no contact yet with American companies," Hosseni said Sunday.

Iranian oil production of 2.7 million barrels per day has remained relatively steady since 2013. Exports are limited by sanctions to around 1 million bpd and to only six other countries. Sanctions imposed on Iran's energy sector, however, could be lifted if a framework nuclear agreement is finalized this summer.

In a monthly review, the Organization of Petroleum Exporting Countries noted the Iranian government viewed its oil industry as "very attractive" to foreign investors, including those from the U.S. and European economies.

The U.S. State Department said sanctions are still in place on Iran. The country, a spokesman said, "is not open for business yet."


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






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

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




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
Gulf nations say reassured by Obama's 'ironclad' pledge
Washington (AFP) May 15, 2015
Gulf nations were reassured by a pledge from US President Barack Obama that Washington would stand by them despite its overtures to Iran, a senior Arab official said Friday. "We're very happy the outcome of the results disappointed pundits, and exceeded beyond most expectations," said Abdel Aziz Aluwaisheg, assistant secretary general for the Gulf Cooperation Council. Obama had "renewed ... read more


OIL AND GAS
Mischief makers prompt Google to halt public map edits

Space technology identifies vulnerable regions in West Africa

Breaking waves perturb Earth's magnetic field

ESA and ADS sign deal for new Copernicus Earth observation mission

OIL AND GAS
Russia, China Agree on Joint Exploitation of Glonass Navigation Systems

Most Advanced GPS Satellite Comes Together

New GPS system could transform virtual reality and mobile devices

Next Generation GPS System Faces Delays, Cost Overruns

OIL AND GAS
Citizen science helps predict spread of sudden oak death

Forests could be the trump card in efforts to end global hunger

Forest canopies buffer against climate change

Partially logged rainforests emitting more carbon than previously thought

OIL AND GAS
A model for bioenergy feedstock/vegetable double-cropping systems

WSU researchers produce jet fuel compounds from fungus

For biofuels and climate, location matters

Ethanol may release more of some pollutants than previously thought

OIL AND GAS
British secretary calls for 'solar revolution'

Renewable energy vital for Internet lifestyles: Greenpeace

Con Edison Buys 140 Megawatts of Solar Projects in California

Artificial photosynthesis: New, stable photocathode with great potential

OIL AND GAS
Shifting winds: An early warning for reduced energy

Moventas extends gearbox expertise to tidal energy with Alstom Oceade

Vulnerable grassland birds abandon mating sites near wind turbines

Germany's E.ON building wind reputation

OIL AND GAS
21 dead in China coal mine flood: official

India's Adani dismisses banks' Australia coal project snub

China coal mining deaths down in 2014: official

OIL AND GAS
Torture, abuse of suspects widespread in China: NGO

Runaway China official suspected of graft repatriated

Controversial replica Old Summer Palace opens in China

China lodges US protest after religious freedom criticised




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - 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. 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. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.