Iranian Minister of Petroleum Bijan Zangeneh announced on Monday that Iranian gas export has doubled over the past seven years period. Zangeneh made the remarks at opening ceremony on 151 gas distribution projects in the western Iranian province of Kermanshah. The exports of liquid fuel have quadrupled in the mentioned …
Read More »Iran’s Oil Minister Says Oil Market still Fragile
The oil market has not yet stabilised, Iranian Oil Minister Bijan Zanganeh told state TV on Wednesday, but added that the measures implemented by OPEC have been successful in raising crude prices. “The market is not stabilised yet for several reason including the coronavirus outbreak … But OPEC has taken …
Read More »Iran Says OPEC has Raised and Stabilized Crude Oil Price
OPEC has managed to raise crude prices and stabilise the oil market, OPEC member Iran’s oil minister was quoted on Monday as saying by his ministry’s website SHANA, reports Reuters. “OPEC’s performance has been successful because the price of oil has risen from $16 in May to around $45 and …
Read More »Zanganeh Inaugurates 286 Gas Supply Projects in Northeastern Iran
Iranian Oil Minister Bijan Namdar Zanganeh, on Monday, inaugurated and commissioned 286 gas supply projects in the northeastern Khorasan Razavi province through video conference, IRIB reported. As part of the mentioned projects, 77 rural areas were connected to the national gas network to increase the coverage of the national network …
Read More »Iran-China to have Long Term Coop. in Oil Sector
Iranian oil minister on Monday informed that under the framework of the 25-year comprehensive cooperation road map, Iran and China will collaborate on the oil sector in the long-run. As Bijan Namdar Zanganeh told reporters that Iran is ready to sign a similar cooperation road map with all countries. Referring …
Read More »Petchem Complexes Need to Focus on Coronavirus-Related Feedstock
Iranian Oil Minister Bijan Zangeneh urged petrochemical plants and complexes to supply the downstream industries with the necessary raw materials for manufacturing products used for equipment and systems needed for containing the COVID-19 outbreak. “All petrochemical companies whose products are used as raw materials for the production of consumer goods …
Read More »Oil Falls before OPEC Meeting to Discuss Future of Output Cuts
Oil edged down in Asia ahead of a meeting of top producers this week, which could outline plans to begin scaling back the historic output cuts that helped to stabilize prices. Futures in New York slipped 1%, after gaining 2.4% on Friday. OPEC+ will review the state of the market …
Read More »Iran will Surge Oil Production Capacity
Iranian Oil Minister Bijan Zanganeh has announced that his country plans to increase its oil output capacity to take its share back from the market in case of the US sanctions termination. Iran is expanding its oil-production capacity in anticipation that an eventual end of sanctions would allow it to …
Read More »Iran Will Develop Oil Industry despite U.S. Sanctions
Iran is determined to develop its oil industry in spite of U.S. sanctions imposed on the country, Iranian Oil Minister Bijan Zanganeh said in a televised speech on Saturday. “We will not surrender under any circumstances … We have to increase our capacity so that when necessary with full strength …
Read More »Oil Minister: US Fails to Hamper Iran’s Activities by Imposing Sanctions
Iranian Oil Minister Bijan Zangeneh underlined that Washington has been unable to bring the Islamic Republic’s energy and oil activities to a halt despite unilateral sanctions imposed on the country. “We have managed to overome the US sanctions and engage in our oil trade activities,” Zangeneh said. He, meantime, pointed …
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