Tag Archives: Oil Minister

Our production level. standing at 850 million cubic meters per day. is not proportional to our exports.

OPEC members are preparing to hold meeting on May 25 to discuss the market and oil cut deal in Vienna.

India. the world'.s third biggest oil consumer. imports 86 percent of its oil needs from OPEC nations.

Germany'.s Linde Group is ready to make direct investment in the Iranian petrochemical industry.

Kuwait is part of a joint OPEC/non-OPEC ministerial monitoring committee.

Saudi Arabia is pushing to extend the cuts by a further nine months until next March.

Iraqi prime minister also agreed on the need to extend OPEC cuts for a nine-month period.

The Persian Gulf region has about 730 billion barrels of proven oil reserves and more than 70 trillion square meters of natural gas.

OPEC has been urging other producers to join the supply pact.

Iran'.s priority for gas exports to Europe was to proceed with LNG.