Experts of Jam Polypropylene Complex in the southwestern province of Bushehr have localized the production of extruder blade which is an important part of the pelletizer unit.
Iran’s Oil Minister Bijan Namdar Zanganeh said the OPEC cannot solely handle the current market issues.
Iran's economy would suffer fewer harms than other oil producers in the wake of the recent plunge in crude price, President Hassan Rouhani said.
Oil languished at multi-year lows on Thursday, with WTI crude remaining around $20 a barrel as dire warnings about a virus-triggered demand shock overshadowed a deal to cut output.
OPEC announced that volume of oil production in Iran as of February 2020 hit 2.080 million barrels per day (bpd).
Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising the stakes in its price war with Russia and effectively rejecting Moscow's overtures for new talks.
Iran’s former ambassador to the Organization of the Petroleum Exporting Countries (OPEC) said the global oil prices will probably continue to decline.
Oil prices face a crash as much as 30% within seconds of the market opening on Sunday evening.
Iran has become the first member state of the Organization of the Petroleum Exporting Countries (OPEC) that can produce and export sophisticated catalysts used in oil and gas processing.
TEHRAN (Iran News) – Iran’s Oil Minister Bijan Namdar Zanganeh landed in Vienna Thursday morning to attend the 177th meeting of the Organization of Petroleum Exporting Countries, known as OPEC, in order to assess the situation of this resource in the international market. The Iranian minister is also is planning to hold talks with OPEC […]