Iran has offered a chance to participants in the 26th International Oil, Gas, Refining and Petrochemical Exhibition to channel $160 billion in investments in the upstream sector of the country’s oil industry, said a high-ranking official in Tehran.
The CEO of the National Iranian Oil Company says Iran has the potential to double the crude oil exports from Kharg Island in the southern part of the country.
The Persian Gulf has been affected by economic, political, and industrial goals over the past centuries and its ecosystem is at the knifepoint of many environmental threats, the most important of which are oil spills and trawling.
Iran has the equivalent of over 1.2 trillion barrels of oil and gas as a senior Oil Ministry official says the country will be able to tap those reserves for at least a century from now.
Oil Minister Javad Owji says Iran’s oil production has reached pre-sanction levels, as the country teams up with new customers to export its oil in defiance of the most draconian sanctions imposed by the United States.
National Iranian Tanker Company (NITC) has awarded the project for building a 113,000-ton oil tanker to a high-level domestic company, the company’s managing director announced.
Oil Minister Javad Owji said the country would readily enhance its crude oil output to help stabilize the global market.
The chairman of the Iran-Japan Joint Trade Committee says details of talks for Japan’s purchase of Iran oil have not been revealed yet but since the past, there have been some countries like Japan and South Korea which used to use Iran oil and the whole system of their refineries had been designed based on Iran’s oil.
Iranian Oil Minister Javad Oji, who is visiting Doha to attend the 6th Summit of the Gas Exporting Countries Forum (GECF), met with the forum’s Secretary General Mohamed Hamel on Monday.
Iran's Oil Minister Javad Owji explored ways to boost oil cooperation with his Russian counterpart Nikolai Shulginov in Moscow.