Tag Archives: Iran

Iranian Minister of Peroleum Bijan Namdar Zangeneh left Russian capital late on Monday after holding intensive talks on the situation of global oil market. In Moscow, Zangeneh held talks with Russian Minister of Energy Nikolai Shulginov, Deputy Prime Minister Alexander Novak and other oil officials in the host country. At …

Iranian Petroleum Minister Bijan Zangeneh said on Monday that Iran will not seek the permission of others to return to oil market because it believes it has right to do so. He said that it is possible for Iran to revive a 2.3 million bpd of oil exports. “As a …

Iran is planning to produce 4.5 million b/d of crude oil and condensate in its next year that starts March 21 and export 2.3 million b/d of it if current US sanctions are lifted, state news agency IRNA reported Dec 13. Jafar Ghaderi, a member of parliament’s planning and budget …

Some $1.22 billion worth of Foreign Direct Investment (FDI) was approved in the industrial and mineral sector of the country in the first eight months of the current year. According to the statistics of the Ministry of Industry, Mine and Trade, $1.22 billion worth of foreign investment under FDI was …

Despite the US cruel sanctions and EU’s lack of commitment to the Joint Comprehensive Plan of Action (JCPOA), Iran’s cooperation with Eurasia has provided a broad range of opportunities for Tehran, including regional trade and boosting Iranian non-oil exports. According to official reports, despite the corona pandemic, the volume of …

Iranian President Hassan Rouhani says returning to the nuclear deal commitments does not need negotiations but determination. Speaking at a cabinet session on Wednesday, Rouhani pointed to the need for the JCPOA signatories to meet their obligations under the deal. “Our returning to the commitments does not take time, it …

President Hassan Rouhani stressed Iran’s readiness to increase its oil production capacity to normal export volumes, stressing that pre-JCPOA sanctions had led to restrictions in oil production and sale. Addressing the economic coordination committee meeting on Sunday, Rouhani said after the implementation of Iran’s nuclear deal and lifting of sanctions, …

Iranian Minister of Oil Bijan Zanganeh said that the crude oil output cuts will decrease from previously-agreed amount of 7.7 million bpd to 7.2 million bpd in January 2021, down 500,000 bpd, adding it was a wise decision. Zangeneh made the remark after the 12th OPEC and non-OPEC Ministerial Meeting …

India wants to diversify its oil imports, including the resumption of supplies from Iran and Venezuela, after Joseph Biden becomes president of the United States, Oil Minister Dharmendra Pradhan said on Wednesday. “As a buyer I would like to have more buying places. I should have more destinations to go …

Iranian Minister of Oil Bijan Namdar Zanganeh said the country’s petrochemical production capacity would reach 100 million tons per year by 2022, 80% more than 2013’s levels. Addressing a virtual ceremony to launch major oil and energy projects on Thursday, Zanganeh said that the country’s petrochemical revenues would reach 25 …