Tag Archives: Minister

The U.S. sanctioned a unit of Russia’s largest oil producer Rosneft PJSC for maintaining ties with Venezuela’s Nicolas Maduro and state-run oil company PDVSA.

This is the first toothed drilling bit built locally in Iran’s oil industry.

Recent remarks by the Iranian and Saudi officials on the dialogue between the two countries highlights significant points regarding the prospects for bilateral relations between Tehran and Riyadh.

OPEC+ oil ministers will meet in Vienna on March 6.

Fath 72 Drilling Rig. built by Academic Center for Education. Culture and Research (ACECR). has been unveiled in a ceremony attended.

The Iranian-made toothed drilling bit has entered mass production phase.

The Ministry of Economy has taken effective steps to solve problems facing producers.

The rig’s maximum drilling depth is reported to be 20.000 feet. and the structure is able to tolerate a maximum static load of one million pounds.

Iran’s Minister of Industries Reza Rahmani bragged about great booms in the manufacturing sector in his country. saying that average daily output of carmakers has doubled in January compared to the recent months.

The Iranian defense ministry will be paid $280 million by the Port and Maritime Organization of the country (PMO) to build 83 new large vessels. in a move to bypass the US sanctions against Tehran’s transportation infrastructures.