• 8 minutes U.S. Shale Oil Debt: Deep the Denial
  • 13 minutes WTI @ $75.75, headed for $64 - 67
  • 16 minutes Trump vs. MbS
  • 4 hours Knoema: Crude Oil Price Forecast: 2018, 2019 and Long Term to 2030
  • 11 hours Nuclear Pact/Cold War: Moscow Wants U.S. To Explain Planned Exit From Arms Treaty
  • 11 hours Why I Think Natural Gas is the Logical Future of Energy
  • 12 hours Merkel Aims To Ward Off Diesel Car Ban In Germany
  • 4 hours Get on Those Bicycles to Save the World
  • 10 hours A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 8 hours Iraq war and Possible Lies
  • 1 day Satellite Moons to Replace Streetlamps?!
  • 1 day Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 1 day Can “Renewables” Dent the World’s need for Electricity?
  • 18 hours Long-Awaited Slowdown in China Exports Still Isn’t Happening
  • 5 hours EU to Splash Billions on Battery Factories
  • 21 hours Can the World Survive without Saudi Oil?
Dave Forest

Dave Forest

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

More Info

Trending Discussions

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

Trending Discussions


Leave a comment

Leave a comment




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