Tag Archives: Iranian Ministry of Petroleum

During the first stage. Iran had sold 280.000 barrels of crude in the stock exchange in October.

The status of Iran’s oil technology is incomparable to how it was 20 years ago.

This will be the third time that the state-run company is offering oil to the private sector at the international ring of IRENEX.

Despite the U.S. sanctions. Tehran has found some new ``potential`` oil buyers.

The exemption will allow Indian refiners to settle about $1.5 billion of outstanding payments to NIOC through direct rupee payments.

The two countries on Nov. 2 signed a bilateral agreement to settle oil trades through an Indian government-owned bank.

Iran owns the world’s largest natural gas reserves after Russia.

Iran has planned to become self-sufficient in gasoline production since several years ago.

Private companies can only buy crude oil for exports.

The activities carried out in the special economic zone of the energy consuming industry of Parsian are significant in the petrochemical sector.