Tag Archives: Iranian Ministry of Petroleum

The renewed US sanctions were among those lifted under a 2015 deal between world powers and Tehran on curbing Iran’s nuclear program.

China earlier this year introduced the petroyuan as an alternative to the US dollar-dominated oil industry .

Total signed a contract in 2017 to develop Phase II of South Pars field with an initial investment of $1 billion.

Iran has imported natural gas from Turkmenistan since 1997 for distribution in the north of the country.

PGPIC and Maroon Petrochemical Company would sign the deals separately with NIOC.

Washington'.s European partners have repeatedly stated that they intended to continue to observe the terms of the deal with Iran.

The limits will go into effect as the U.S. prepares to reimpose sanctions on Iran beginning Nov. 4.

This week. Iran announced that it had developed its first national encrypted key. based on blockchain technology.

India is Iran’s top oil client. and it is also one of the countries that are most heavily dependent on oil imports.

Construction of platforms C14. B13. D13 and A24 was so far 90% complete.