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 will soon bring online its biggest refinery for natural gas flare associated with oil production, built with $3 billion of investment.
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 […]
Iranian Minister of Petroleum Bijan Zanganeh said the country has no plans to leave the Organization of the Petroleum Exporting Countries (OPEC).
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 […]
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, […]