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 »More than $900m Allocated for NIGC Priority Projects
Oil Minister Javad Oji has said 260 trillion rials (about $902.9 million) has been allocated for the implementation of the National Iranian Gas Company (NIGC)’s priority projects in the current Iranian calendar year (started on March 21). Oji made the remarks in an Oil Ministry committee meeting held on Sunday …
Read More »Iran, Japan Discuss Developing Economic Cooperation
Iranian Oil Minister Javad Owji and Japanese Foreign Minister Yoshimasa Hayashi in a meeting stressed the need for enhancing Tehran-Tokyo cooperation. Stating that Iran can play an important role in Japan’s energy supply, the Iranian oil minister called for boosting the level of economic cooperation between the two countries. “Japanese …
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