Tag Archives: Oil Minister

Development of three oilfields in Iran has been assigned to a domestic company. CEO of the firm. which is a subsidiary of the National Iranian Oil Company announced.

New report shows that neighboring countries are increasing their purchase of Iran’s petrochemical products through a local energy exchange where more than $200 million sales have been recorded just in last week.

Iran exports 8 million tonnes of methanol in a year. which the US has been unable to affect. despite all claims of American officials.

The country will attain self-sufficiency in the gas industry from refining to distribution within the next five years.

The key uncertainty facing the oil market now is OPEC+ supply from April.

Tehran will never back down on its right to produce and export oil after the unilateral sanctions are lifted.

Russia is not an OPEC member. but it should be treated the way other OPEC members are treated.

The 14-member Organization of the Petroleum Exporting Countries (OPEC) agreed to deepen its output cuts in Vienna at the 177th OPEC meeting by 503.000 bd as of January 1. 2020 from 1.2 mbd to 1.703 mbd.

The current agreement is due to expire in March but there’s speculation that the group could opt to cut further if Russia agrees.

Zanganeh did not speak to reporters upon arrival in Vienna for the OPEC summit.