Tag Archives: Iran

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 …

Iran is one of the most hydrocarbon-rich countries in the world. According to the Iranian Oil Ministry data, nearly 300 oil and gas fields have been explored in the country of which over 40 are gas fields. Although until recently the Oil Ministry (as the name suggests) was mostly focused …

Chief Executive of Iranian Offshore Engineering and Construction Company (IOEC) said that his company has turned sanctions into the opportunities of indigenizing parts. Saeed Vafapour made the remarks on Monday in the signing and sealing ceremony of 13 contracts for maintaining and increasing oil production volume, adding that exacerbation of …

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 …

Iranian ministry of industry, mine and trade announced that the country has exported non-oil products worth $6.3 billion in the first quarter of the current calendar year (March 20-June 20, 2020). The ministry also said that it plans to export $41 billion of non-oil products by the yearend. There are …

Iranian Foreign Ministry Spokesman Abbas Mousavi reacted to the US historic failure against Iran and said Iran’s active diplomacy together with the legal strength of its nuclear deal led to the US defeat for the nth time. During the 75-year-old history of the United Nations, it was unprecedented for the …

The head of the offshore section of South Pars 22-24 phases development project said 3 new wells had become operational in the project which added 200 mcf to the phases gas output. According to Pars Oil and Gas Company (POGC), Mehrdad Kazemi, referring to the operation of the SPD22 platform …

Iranian Permanent Representative to the International Organizations in Vienna Kazem Gharibabadi urged International Atomic Energy Agency (IAEA) to conduct a transparent probe into Saudi Arabia’s hidden nuclear program and present a report to the members. He made the request following release of information about the country’s move to build yellow …

CEO of Iran’s National Petrochemical Company (NPC) Behzad Mohammadi said on Monday that the revenue has increased by 80% in the new Iranian year (started March 20). Some 17 new plans have opened, which has led to 60% increase in output capacities of petrochemical plants, said Behzad Mohammadi on a …

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 …