Oil Minister Javad Owji said: "We welcome any domestic and foreign investment for development of gas fields with the priority of maintaining the production of the South Pars gas field; as the current trend continues, we will become gas importers in the coming years.”
TEHRAN (Iran News) – Oil Ministry announced on Tuesday that after the implementation of gasoline rationing scheme, consumption droped by 19 million liters per day in Iran. In a time span from November 15 to 24, Iranians consumed 79 million liters of gasoline daily, while their consumption stood at 98 million liters per day from […]
TEHRAN (Iran News) – Iranian Oil Minister Bijan Zangeneh said the country’s petrochemical exports were at a satisfactory state. According to ICANA, Zangeneh said that over 95% of petrochemical companies could cash their exports in. The official said that exports of petrochemicals and receiving their money was at a satisfactory state in Iran, adding as […]
Iranian Oil Minister Bijan Namdar Zanganeh announced transferring and expansion of upstream sector in cooperation with universities and research centers as the main priority of the ministry in the current Iranian year, 1398.
Latest reports indicate that the main building of the Iranian Oil Ministry has been now secured and the staff are back inside after a fire which broke out on the 15th floor was contained.
The National Petrochemical Company (NPC) and the Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO), have reached an agreement to facilitate the construction of several petrochemical projects in southern Iran.
Domestic Experts have successfully completed the operations to overhaul four offshore platforms of the giant South Pars Gas Field in the Persian Gulf.
The National Iranian Oil Company (NIOC) is set to hold the new round of gas condensate offering at the Iran Energy Exchange (IRENEX) on Tuesday (April 16).
Oil Minister Bijan Namdar Zanganeh says efforts for offering crude at Iran Energy Exchange (IRENEX) will finally pay off, but the bid needs time. Speaking to ICANA on Saturday, Zanganeh said IRENEX is expected to gain but the efforts may take a while to come into fruition. “The Oil Ministry continues to offer crude at […]