Tag Archives: Oil Minister

Iran would start oil extraction from South Pars by the end of the current fiscal year.

. 60% of oil consignments go to Asia and the rest to oil terminals in Europe.

Iraq is OPEC'.s second-largest producer. after Saudi Arabia.

Iraqi Oil Minister plans to create an oil tanker fleet in order to help the country access global markets.

In January. Iran was the third biggest oil supplier to India after Saudi Arabia and Iraq.

Iran and China will soon sign their largest deal in petroleum refinery industry worth three billion dollar.

With completion of the 1st phase of Setareh Khalij Fars Refinery. Iran will stop importing gasoline from March.

Iran and Total signed a memorandum of understanding on development South Pars Phase 11 in late 2016.

The first phase of Setareh Khalij Fars (Persian Gulf’s Star) Natural Gas Condensate Refinery will be tapped in near future.

Two NIGC subsidiaries will be liquidated due to their non-economic activities.