Post-sanction Iran able to boost oil output to 6m bpd
Vice President of Russia’s giant Lukoil Company has said Iran is able to quickly boost its oil output to six million barrels per day (bpd) if the U.S. sanctions are lifted, Russian state-owned Tass reported.
Tehran, Baghdad Discuss Settling Iraq Gas Debt to Iran
Oil Minister Bijan Zangeneh on Saturday hosted a meeting with an Iraqi delegation here in Tehran on Saturday to discuss how to settle Baghdad's gas dues to Iran.
Torbati: Over $2.8b spent on natural gas supply to Chabahar port
Managing Director of National Iranian Gas Company (NIGC) Hassan Montazer Torbati has said that so far about 120 trillion rials (over $2.85 billion) has been spent for connecting the southeastern Chabahar port to the national gas network.
Zanganeh outlines oil ministry’s major plans
Iranian Oil Minister Bijan Namdar Zanganeh has announced his ministry’s programs for realizing the current Iranian calendar year’s (started on March 21) motto which is “Production: Support and the Elimination of Obstacles.”
Two Refineries Sign MoU on Sponge, Needle Coke Production
The National Iranian Oil Refining and Distribution Company (NIORDC) and IMIDRO signed a memorandum of understanding for the production of sponge and needle coke in Bandar Abbas and Imam Khomeini Shazand refineries.
Iran to run largest flare gas refinery
Iran will soon bring online its biggest refinery for natural gas flare associated with oil production, built with $3 billion of investment.
OPEC production cuts further
TEHRAN (Iran News) – Saudi Arabia and Russia won backing for further OPEC production cuts on Friday as they look to head off global oversupply in 2020 and sustain prices. The group of more than 20 producers agreed to an extra 500,000 barrels per day (bpd) in cuts for the first quarter of 2020, taking […]
Iran has no plans to leave OPEC: Oil min.
Iranian Minister of Petroleum Bijan Zanganeh said the country has no plans to leave the Organization of the Petroleum Exporting Countries (OPEC).
Iran warns OPEC of losing effectiveness
In a letter to OPEC President Mohamed Al Mazrouei, Iranian Oil Minister Bijan Namader Zanganeh highlighted that if member countries do not adhere to their commitments regarding oil output, the effectiveness of the organization will be gradually eroded. In the letter, Zanganeh reminded Mazrouei, who is the Minister of Energy & Industry of the United […]
“US would not have been able to sanction if Iran had exported 4m bpd”
The Iranian Oil Minister Bijan Namader Zanganeh has said if the Oil Ministry had signed 5 more contracts and had exported 4mn bpd, the US would not have been able to sanction Iran’s oil. According to Iranian Parliament’s website ‘Khaneh Mellat’, Bijan Namader Zanganeh asked why the US could not sanction Russia’s oil and gas, […]