Tag Archives: Bijan Namdar Zangeneh

The National Iranian Oil Company Exploration Directorate (NIOCEXP) announced on Monday that the company has found a new oil reservoir in Dezful in the Southwestern province of Khuzestan.

New oil and gas reserves have been discovered in Iran since last year.

Iranian Oil Minister Bijan Zanganeh issued a decree appointing Mohammad Taeb as the director-general of OPEC Affairs at the Iranian Oil Ministry.

Iran has won the first phase of the legal proceeding at the International Court of Arbitration (ICA) over the quality and price of gas it received from Turkmenistan in 2007. an informed source said.

Over the past two years. Iran provided credible evidence to the court which proved that Turkmenistan was not allowed to cut off gas supplies. thus it has to pay compensations to Iran.

The US has turned from a major oil consumer into a major producer.

China is a signatory of the nuclear deal and has condemned Washington’s decision to exit the deal.

Tehran has no problem with reducing global crude production.

Iran is content with the current oil price but the country under US sanctions wants to boost oil exports.

Iran had no problem with output cut. slamming ".unilateralism". as the biggest problem in the Organization.