Iranian Oil Minister Javad Oji has said that phase 11 of the South Pars gas field development plant is going to go operational within the next two months, IRNA reported. “Considering the measures taken, production will start from phase 11 of South Pars in the next two months,” Oji told …
Read More »Iran Signs New Oil Contracts, MoUs with Chinese Companies
Iran’s Oil Minister announced that Iran has reached new oil and gas agreements with Chinese companies. Javad Owji made the remarks on the sidelines of the opening ceremony of the 16-inch Torbat-e- Jam transmission line project in the Khorasan Razavi province in the northeast adding that “We have defined various …
Read More »Iran to Launch $8b Oil Projects by March 2023
Iranian Oil Minister Javad Owji said a number of unfinished petroleum projects worth $8 billion in total are scheduled to come on stream by the end of the current Iranian calendar year to March 23, 2023. Javad Owji told a live televised interview on Friday that 8 billion dollars of …
Read More »Russia to Invest $4.5 Billion in Iran’s Oil Fields
Iran’s Oil Minister Javad Owji has said Russian investors have finalized a contract with Iran for developing seven oil and gas fields worth $4.5 billion. “So far, Russian investors and companies have finalized a contract with Iran for developing seven oil and gas fields worth 4.5 billion dollars, and some …
Read More »Iranian Oil Minister to Head to Russia Following $40bn MoU for Investment in Iran
Iran’s oil minister will head to Russia on Monday for the 16th joint economic commission of the two countries, with the finalization of the 40-billion-dollar memorandum of understanding in oil and gas sector topping the agenda of the visit. The visit comes on the heels of the meetings of different …
Read More »Iran Ready to Cooperate with GECF Members in Gas Sectors
Iranian Oil Minister voiced Iran’s readiness to cooperate with all the members of the Gas Exporting Countries Forum (GECF) in all areas of development of the gas industry. Speaking to Shana News Agency on the sidelines of the 24th GECF ministerial meeting, Javad Owji stated that Iran is one of …
Read More »Iran Oil Minister Holds Talks with Turkish Officials
The Iranian Oil Minister discussed the extension of the gas contract and energy trade in a meeting with the country’s energy and economic officials during his visit to neighboring Turkey. Javad Owji, who has traveled to Ankara at the head of a delegation, met with Fatih Dönmez and Nureddin Nebati, …
Read More »Iran Ready to Attract Russian Capital in Oil, Gas Projects
Iranian Oil Minister announced the readiness of the Iranian administration to attract the capital of Russians in the oil and gas sector. Javad Owji, in a meeting with 100 economic activists of the Russian Federation, which was held on the sidelines of the second Caspian Economic Conference, discussed the existing …
Read More »Oil Min: Iran will Become Energy Hub in the Region
Iran’s oil minister said on Thursday that oil and gas swap between Iran and Russia would turn Iran the hub of energy in the region. Javad Owji, who accompanied Iran’s First Vice-President Mohammad Mokhber in Moscow to attend the second meeting of the Caspian Economic Forum (CEF), said that Iran …
Read More »Iran Oil Exports Underway Uninterrupted
The Iranian Oil Minister said that Iran’s crude oil exports are being carried out without any problems to the target markets. Javad Owji stated that the sale and export of crude oil are ongoing without any interruption, adding that currently, the export of oil is going on without any problems. …
Read More »