Iranian Energy Minister Bijan Namdar Zanganeh held talks with Azerbaijan's Deputy Prime Minister Shahin Mustafayev on Sunday to discuss expansion of economic and energy ties.
National Iranian Oil Company (NIOC) has awarded the development study of Azadegan oil field to five domestic companies, Shana reported.
Iran's oil minister says increasing oil production brings economic and security power, said:" We can easily increase oil production to 6.5 million barrels per day."
The National Iranian Oil Co. signed a $1.78 billion deal with a domestic company to develop the Farzad B gas field in the Persian Gulf.
Persian Gulf Bidboland Gas Refinery has signed three contracts valued at a total of €165 million with local firms for the manufacture of a plant to capture flared gas and convert it into usable fuel.
Stating that the export of 2.3 million barrels is possible, Minister of Oil Bijan Zanganeh said that Iran does not need permission to return to oil markets.
Oil Minister Bijan Zanganeh says the United States is responsible for deaths of over 400 Iranians per day due to coronavirus infection as Washington prevents Tehran's access to financial resources it needs to fight the pandemic.
Oil Minister Bijan Zanganeh in a message in his twitter account announced that 25th International Oil, Gas, Refining, and Petrochemical Exhibition has been postponed due to the spike in the Coronavirus (COVID-19) virus.
Oil Minister Bijan Namdar Zanganeh yesterday reiterated that the ministry refutes reports that it is to increase the price of fuel oil.
that using Iranian gas is very economical for Iraq because natural gas replaces diesel, which is more than twice the price of the gas.