Tag Archives: Iranian Ministry of Petroleum

A huge gas reserve has been discovered in Iran’s Southern province of Fars. after a year of extensive exploration in the region.

Caretaker of the Planning and Development Management of Iran’s National Petrochemical Company (NPC) said that the country is expecting two leaps in its petrochemical production in 2021 and 2025 to hit the yearly output of million tons in 5 years.

The first phase development project of Azar Oilfield will be complete with 65.000 b d of crude oil production capacity.

The CEO of the National Iranian South Oil Company (NISOC) said the company was prepared to bring its oil production to maximum in the shortest time possible.

Iran Oil Minister Bijan Zangeneh told Sputnik that export of oil is Iran'.s legitimate right and for doing that the country would employ any methods and would not give up in the face of US sanctions.

The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of light crude oil on the international floor of the Iran Energy Exchange (IRENEX) on October 8 at $61.1 per barrel.

Iran has ended cooperation with the Chinese CNPC company after lagging in completion of the development of the phase 11 of South Pars oil and gas field. Oil Minister Bijan Namdar Zanganeh announced.

The diversity of petrochemicals produced in Iran is expected to be enhanced by 2025 as the country is planning to realize the sector’s second and third leaps by 2025.

The enemy of Persian Gulf countries is not one of the region’s countries but it comes from outside the region.

The Iranian and Armenian ministers also discussed the latest bilateral plans between the two countries.