Tag Archives: Oil Minister

India'.s state refiners have cut oil import plans from Iran by a quarter in the year to March 2018.

The first and second stages of the project would become operational in 40 months and 60 months respectively.

At least nine Russian companies have voiced willingness to help Iran develop its oil and gas fields.

Supply and demand now ``show us we are on the right course`` to achieving OPEC’s goal of reducing stockpiles to their five-year average

OPEC must increase output cuts aimed at shrinking a global glut with little public announcement in order to jolt investors.

The deal with Total increases Iran'.s energy security and is likely to encourage other foreign companies to invest in Iran.

Total holds a 50.1 interest in the South Pars project with state-owned China National Petroleum Corporation owning 30 percent and Iran’s Petropars 19.9 percent.

The field holds 2.5 billion barrels of crude oil in place. some 400 million barrels of which are recoverable.

Development of petrochemical plants is one of the key issues on the Rouhani administration'.s agenda.

France'.s Total signed a deal earlier this month to help Iran increase gas output from the giant South Pars gas field. which the country shares with Qatar.