Tag Archives: Iranian Ministry of Petroleum

The Europe-proposed Instrument in Support of Trade Exchange (INSTEX) should provide a comprehensive channel for financial transactions with the European states to wire back Iran'.s crude revenues.

Iranian Deputy Economy Minister Mohammad Ali Dehqan Dehnavi said that the Europe-proposed Instrument in Support of Trade Exchanges (INSTEX ) has failed to meet Iran'.s expectations. calling on the European states to compensate for their deficiencies.

Iran will simply mirror the level of commitment shown by the European side.

The Europe-proposed Instrument in Support of Trade Exchange (INSTEX) should provide a comprehensive channel for financial transactions with the European states to wire back Iran'.s crude revenues. a senior Iranian legislator stressed.

Plans are under way to bring Iran’s oil refining capacity to 2.4 million barrels per day by the end of the current Iranian calendar year to March 20. 2020.

The National Iranian Oil Company (NIOC) announced that it is due to offer 2 million barrels of crude oil in the international ring of the Iran Energy Exchange (IRENEX) on Tuesday.

Secretary General of the European External Action Service (EEAS) Helga Schmid announced that the EU-proposed Instrument in Support of Trade Exchanges (INSTEX) to trade with Iran has become operational.

Iran’s oil and gas industries are growing reliance on domestic capacities and indigenous technologies. Iranian Deputy Oil Minister Alireza Sadeqabadi said.

The US government imposed a new round of sanctions on Iran in November 2018.

Total operating capacity of Iran’s refineries had increased from 1.550.000 to 2.150.000 barrels per day (bpd) in the two-year period ending in May 2019.