70% of Oil Equipment Indigenized
Oil Minister Bijan Namdar Zanganeh says over 70 percent of equipment needed for the recent oil contracts are produced in the country.
Aramco Profits Cut by 73%, Battered by Pandemic
Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 percent due to sharply lower oil prices as the coronavirus pandemic crisis undercuts global demand.
OPEC Must Save Oil Market As Industry Sees Crisis
OPEC could be preparing for hard days as expectations rise for prolonged demand destruction caused by the coronavirus pandemic.
Iran-China Trade Office to Focus on Non-Oil Exports
Head of Iran-China Joint Chamber of Commerce Majid Reza Hariri says the project for developing non-oil exports to China is one of the priorities of the private sector
Iranian Companies to Replace Indians in Farzad B Gas Field Project
Oil Minister Bijan Zanganeh says the developmental project of Farzad B Gas Field will be carried out with domestic companies and Indians will have no room in it.
Zanganeh: Petchem Complexes Must Supply Coronavirus Equipment
Iranian Oil Minister Bijan Namdar Zangeneh urged petrochemical complexes to supply the downstream industries with the necessary raw materials for manufacturing products used for equipment and systems needed for containing the COVID-19 outbreak.
India-China Border Dispute Seeks Mediation
The border dispute between India and China has undoubtedly been hazardous especially for Asia and carrying a hidden secret.
Iran Oil Industry Not to Give Up
Oil Minister Bijan Zangeneh said the message sent by today’s contract between the National Iranian Oil Company (NIOC) and a local oil company for developing Yaran Joint Oilfield is Iran will not give up under the US sanctions.
Rouhani: Enemies Trying to Stifle Iran Oil-Free Economy
Iran has set the goal of an oil-free economy despite the severe conditions caused by the economic war of the enemies over the past two years, the president said.
Iran to Build Major Pipeline as Safe Way for Oil Exports
President Hassan Rouhani says the national pipeline project launched on Thursday to carry oil as an alternative route for the Strait of Hormuz serves as an important message to those that have imposed sanctions on the country.