• 10 hours Thanksgiving Gas Prices At 3-Year High
  • 14 hours Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 16 hours South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 19 hours Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 19 hours Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 20 hours Iraq Steps In To Offset Falling Venezuela Oil Production
  • 22 hours ConocoPhillips Sets Price Ceiling For New Projects
  • 3 days Shell Oil Trading Head Steps Down After 29 Years
  • 4 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 4 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 4 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 4 days Venezuela Officially In Default
  • 4 days Iran Prepares To Export LNG To Boost Trade Relations
  • 4 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 4 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 4 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 5 days Rosneft Announces Completion Of World’s Longest Well
  • 5 days Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 5 days Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 5 days Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 5 days Santos Admits It Rejected $7.2B Takeover Bid
  • 5 days U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 5 days Africa’s Richest Woman Fired From Sonangol
  • 6 days Oil And Gas M&A Deal Appetite Highest Since 2013
  • 6 days Russian Hackers Target British Energy Industry
  • 6 days Venezuela Signs $3.15B Debt Restructuring Deal With Russia
  • 6 days DOJ: Protestors Interfering With Pipeline Construction Will Be Prosecuted
  • 6 days Lower Oil Prices Benefit European Refiners
  • 6 days World’s Biggest Private Equity Firm Raises $1 Billion To Invest In Oil
  • 7 days Oil Prices Tank After API Reports Strong Build In Crude Inventories
  • 7 days Iraq Oil Revenue Not Enough For Sustainable Development
  • 7 days Sudan In Talks With Foreign Oil Firms To Boost Crude Production
  • 7 days Shell: Four Oil Platforms Shut In Gulf Of Mexico After Fire
  • 7 days OPEC To Recruit New Members To Fight Market Imbalance
  • 7 days Green Groups Want Norway’s Arctic Oil Drilling Licenses Canceled
  • 7 days Venezuelan Oil Output Drops To Lowest In 28 Years
  • 7 days Shale Production Rises By 80,000 BPD In Latest EIA Forecasts
  • 8 days GE Considers Selling Baker Hughes Assets
  • 8 days Eni To Address Barents Sea Regulatory Breaches By Dec 11
  • 8 days Saudi Aramco To Invest $300 Billion In Upstream Projects

Breaking News:

Thanksgiving Gas Prices At 3-Year High

A New Destination For Copper, Zinc And Natural Gas

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:




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News