Iran will own shares in 3 oil refineries in Venezuela and Nicaragua in return for supplying crude and equipment. Iranian Oil Minister Javad Owji signed major energy deals with authorities in Venezuela and Nicaragua during his recent visits to the two countries. The agreements signed with Venezuelan energy authorities stipulate …
Read More »Iran Oil Minister Travels to Venezuela for Energy Deals
Iran oil minister Javad Owji is making a rare trip to Venezuela that includes visiting oil facilities and signing energy deals between the two U.S.-sanctioned nations, said people with knowledge of the situation, Trend reports citing Bloomberg. Owji and more than a dozen delegates arrived in Caracas on Saturday, according …
Read More »Iran Oil Export to China Surges
The Islamic Republic of Iran has exported 337 million barrels of oil to China since the start of 2021 and the price of each barrel increased from 56 dollars to 97 dollars during this period, so the average oil price shows Tehran has not sold oil in cheap price. An …
Read More »Iran Plans a $200bn Investment in Oil Industry
Iran’s Oil Minister Javad Oji says the country needs a $200bn investment in the upstream and downstream and petrochemical industries, the bulk of which has been raised under 50 contracts. Oji said the contracts pertain to the development of oil fields, gas flares and gas fields as well as the …
Read More »Oil Minister Says Return of Oil Revenues Increase Sharply
Iranian Minister of Petroleum Javad Owji has said that the return of oil and gas revenues is accelerating this year despite the sanctions as compared to last year. “Return of revenues from the sale of crude oil, gas condensate, gas exports, petroleum products and petrochemical products has increased 2.5 times …
Read More »Iran’s Oil Min. Leaves Tehran for Doha to Attend GECF Summit
In order to accompany Iranian President Seyyed Ebrahim Raeisi to Qatari capital Doha slated on Monday, Iranian Oil Minister Javad Owji left Tehran for Doha to attend 6th Gas Exporting Countries Forum (GECF) on Sunday morning. According to the scheduled program, Iranian President Seyyed Ebrahim Raeisi and high-ranking delegation will …
Read More »Oil, Gas, Condensate Revenues Expected to Reach $35b by Late March
Iran’s oil exports have increased by 40 percent in recent months and the oil, gas, condensate and oil products export revenues are expected to reach $35 billion by the end of the current Iranian calendar year (March 20), Shana reported on Sunday. According to Finance and Economic Affairs Minister Ehsan …
Read More »Iran is Negotiating with Oman for Oil Exports
Iran’s Oil Minister considering the price range of $ 80 to $ 90 to be the ideal price for oil, stressed that members of both OPEC and OPEC Plus have a consensus on this figure, which is a good price for both exporting and consuming countries. “Regarding the recent agreement …
Read More »Oil Minister: Good News Expected on Iran-Russia Energy Cooperation
Iranian Oil Minister Javad Owji said negotiations have been made with Russia on a project, promising that good news will come out about cooperation between Tehran and Moscow in the energy sector. Speaking to reporters on Saturday, Owji said the Iranian Oil Ministry has been elected as the chair of …
Read More »Iran Ready for 10-Fold Increase in Gas Swap from Turkmenistan
Iran’s Oil Minister Javad Owji says natural gas swap from Turkmenistan can increase by up to 10 times in volume terms if Ashgabat agrees to further transfer deals with Tehran. Owji said after a Saturday meeting with Turkmenistan’s visiting Vice President Rashid Meredov that Iran has the infrastructure required for …
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