• 4 minutes Will We Ever See 100$+ OIL?
  • 8 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 11 minutes Energy Outlook for Renewables. Pie in the sky or real?
  • 13 mins Iran Loses $130,000,000 Oil Revenue Every Day They Continue Their Games . . . .Opportunity Lost . . . Will Never Get It Back. . . . . LOL .
  • 1 day Iran Captures British Tanker sailing through Straits of Hormuz
  • 19 hours Renewables provided only about 4% of total global energy needs in 2018
  • 10 hours EIA Reports Are Fraudulent : EIA Is Conspiring With Trump To Keep Oil Prices Low
  • 2 days Drone For Drone = War: What is next in the U.S. - Iran the Gulf Episode
  • 2 days Today in Energy
  • 2 days Berkeley becomes first U.S. city to ban natural gas in new homes
  • 2 hours Shale Oil will it self destruct?
  • 24 hours Oil Rises After Iran Says It Seized Foreign Tanker In Gulf
  • 6 hours First limpet mines . . . . now fly a drone at low altitude directly at U.S. Navy ship. Think Iran wanted it taken out ? Maybe ? YES
  • 5 hours N.Y. Governor Signs Climate Bill
  • 3 hours U.S. Administration Moves To End Asylum Protections For Central Americans
  • 3 days LA Solar Power/Storage Contract
  • 3 days Why Natural Gas is Natural
Alt Text

How To Play A Recovery In Oil Prices?

A realistic correction in the…

Alt Text

What The Market Is Overlooking In The Occidental Deal

Occidental Petroleum has caught a…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

A New Destination For Copper, Zinc And Natural Gas

I’m always on the hunt for the next great exploration destination. And it’s been very intriguing the last few weeks to see leads opening up in one country — for both metals and petroleum.

That place is Iran. A nation I've written about a lot for its resource potential.

And the rest of the world seems to be catching on to the upside here. Judging from news on new exploration and development deals being pursued in the country.

Last week, local press reported that Russia has agreed to investigate mining across Iran. With Russian Minister of Environment and Natural Resources Sergey Donskoy visiting the country to sign cooperation agreements for the minerals sector.

Iranian officials said they were particularly interested in Russian expertise on underground mining. Given that Iran's existing mining operations are almost exclusively open pits. Related: The Easy Oil Is Gone So Where Do We Look Now?

No details were given on which metals Russia will pursue -- but Iran has a wide slate to choose from, including copper, gold, lead-zinc and iron ore.

At the same time, Iran's petroleum sector is getting increased foreign attention. With local reports suggesting that a "Japanese delegation" has been in the country looking for opportunities in natural gas.

The move is reportedly coming after a directive from Japanese Prime Minister Shinzo Abe, calling on Japanese firms to diversify natural gas supply sources.

Japanese companies have tried their hand in Iran's petroleum sector before. Signing a deal in 2000 to develop a major oil field here. Related: Is There Any Hope Left For Nuclear Energy?

That project however, never proceeded. And this month's visit is the first time since that aborted deal that Japan has once again looked at Iran for petroleum projects.

All of which is a strong endorsement of Iran's excellent resource potential. Making this a place to watch for deals coming -- and a spot to consider for new projects in mining and oil/gas, as negotiations with the Western world continue to offer a possibility of business openings here.

Here's to being a double threat,

Dave Forest

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play