Tag Archives: Oil Minister

The country hopes to double its petrochemical output capacity to 120 million tons or more within five years.

GECF is a gathering of the world’s leading gas producers.

Tehran says its new petrochemical ventures require over $70 billion in investments that should mostly come from foreign sources.

The OPEC leader has lost ground to rivals selling in some of its key Asian export markets. most particularly China and India.

Venezuela is in disarray and in no condition to expand its oil production.

Libya and Nigeria have collectively added about 550.000 bpd since the original deal was agreed to last year.

South Azadegan field'.s development project is being undertaken with the help of Iranian firms and internal financial resources.

The Russian Energy Week is scheduled for October 4-7.

Iran was also treated preferentially in the original negotiations.

OPEC members Libya and Nigeria have been exempted from supply curbs as their oil industries recover from years of unrest.