Iran Says in Talks With Glencore on Oilfield Investment: Seda
2015-07-27 13:03:46.919 GMT
By Bruce Stanley
(Bloomberg) -- Amir-Hossein Zamaninia, Deputy Oil Minister
for Intl & Commercial Affairs, met w/ Glencore officials in
Switzerland, discussed possible investment in Iranian oil
fields, he says in interview w/ Iran’s Seda weekly magazine.
* Zamaninia doesn’t give date for talks, declines to identify
fields under discussion; Glencore officials recently visited
Iran, he says: Seda
* Iran oil ministry also in talks w/ Trafigura and since April
w/ officials from Poland, Austria, South Africa, Malaysia,
Croatia, Russia; talks aim at helping Persian Gulf country
regain oil sales lost under sanctions over its nuclear
program
* Zamaninia sees no difficulties selling additional 1m b/d of
oil after sanctions lifted; other OPEC members to make room
for this new 1m b/d, which won’t have much impact on prices
* Iran to pump additional 500k-600k b/d w/in 2 mos of lifting
of sanctions; will return to pre-sanctions output in 6 mos-1
yr after curbs removed
* Most of Iran’s cash in frozen accounts is in Japan, India,
China, S. Korea, some European countries; Greece owes Iran
$800m
* Iran can double natgas exports to Turkey but prices must be
negotiated
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
--With assistance from Ladane Nasseri in Tehran.
To contact the reporter on this story:
Bruce Stanley in Dubai at +971-4-364-1055 or
bstanley5@bloomberg.net
To contact the editors responsible for this story:
Nayla Razzouk at +971-4-3641056 or
nrazzouk2@bloomberg.net
Bruce Stanley, Rachel Graham
2015-07-27 13:03:46.919 GMT
By Bruce Stanley
(Bloomberg) -- Amir-Hossein Zamaninia, Deputy Oil Minister
for Intl & Commercial Affairs, met w/ Glencore officials in
Switzerland, discussed possible investment in Iranian oil
fields, he says in interview w/ Iran’s Seda weekly magazine.
* Zamaninia doesn’t give date for talks, declines to identify
fields under discussion; Glencore officials recently visited
Iran, he says: Seda
* Iran oil ministry also in talks w/ Trafigura and since April
w/ officials from Poland, Austria, South Africa, Malaysia,
Croatia, Russia; talks aim at helping Persian Gulf country
regain oil sales lost under sanctions over its nuclear
program
* Zamaninia sees no difficulties selling additional 1m b/d of
oil after sanctions lifted; other OPEC members to make room
for this new 1m b/d, which won’t have much impact on prices
* Iran to pump additional 500k-600k b/d w/in 2 mos of lifting
of sanctions; will return to pre-sanctions output in 6 mos-1
yr after curbs removed
* Most of Iran’s cash in frozen accounts is in Japan, India,
China, S. Korea, some European countries; Greece owes Iran
$800m
* Iran can double natgas exports to Turkey but prices must be
negotiated
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
--With assistance from Ladane Nasseri in Tehran.
To contact the reporter on this story:
Bruce Stanley in Dubai at +971-4-364-1055 or
bstanley5@bloomberg.net
To contact the editors responsible for this story:
Nayla Razzouk at +971-4-3641056 or
nrazzouk2@bloomberg.net
Bruce Stanley, Rachel Graham