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 outbreak of the coronavirus did not halt Iran’s oil production for even one day, Iranian Oil Minister Bijan Namdar Zanganeh said on Tuesday.
The output of sponge iron and crude steel production increased by 11 percent and eight percent respectively during the first four months of the current Iranian year.
A former Iranian OPEC governor rejected claims by authorities in crude-producing countries that output of oil in Iran has exceeded a limit set by the Organization of Petroleum Exporting Countries and allies, a grouping known as OPEC+.
The United States is on track to cut 1.7 million barrels of oil production per day, according to Reuters calculations of state and company data shared on Thursday.
Chief Executive of Esfahan Oil Refining Company on Monday said that plans are underway to increase Euro-5 diesel production volume to 20 million liters.
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.
Iran supports the plan for deeper crude oil cuts by the Organization of the Petroleum Exporting Countries (OPEC). if the majority agrees.
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) – Germany have called on Europe to adopt protective measures against US sanctions after Washington managed to halt completion of a new submarine gas pipeline linking Russia directly to Germany. The bipartisan US move initiated by Congress last week threatened sanctions against companies working on completing Nord Stream 2, Europe’s biggest energy […]