Tag Archives: Oil Minister

OPEC and its allies have a deal to limit supply until March 2020.

The US has been discouraged at its old plans for invoking global sanctions on gasoline exports to Iran.

Iranian Oil Minister Bijan Zanganeh issued a decree appointing Mohammad Taeb as the director-general of OPEC Affairs at the Iranian Oil Ministry.

Chief Executive of Persian Gulf Star Refinery (PGSR) Mohammad Ali Dadvar on Sat. said that the first gasoline produced in the Persian Gulf Star Refinery was exported overseas.

Iran has won the first phase of the legal proceeding at the International Court of Arbitration (ICA) over the quality and price of gas it received from Turkmenistan in 2007. an informed source said.

Head of Iran’s National Petrochemical Company Behzad Mohammadi announced that his country will increase its propylene output by three times after the opening of 7 new projects.

Over the past two years. Iran provided credible evidence to the court which proved that Turkmenistan was not allowed to cut off gas supplies. thus it has to pay compensations to Iran.

Attracting investments to the energy sector which would benefit both the producers and consumers. and the Kingdom’s leading role in maintaining market balance.

Iran stresses that it will continue oil exports despite all pressures.

A senior official from Iran’s Ministry of Oil says the country is currently holding abundant stocks of fuel despite US sanction that have affected the oil industry.