Oil Minister Backs Iranian Creative Talents
Oil Minister Bijan Zanganeh has set up a new initiative to support domestic manufacturers by guaranteeing purchase of their quality items needed in the petroleum industry.
32 European Companies Ready to Cooperate With Iran Oil Industry
Head of Energy Commission of Iran Chamber of Commerce says 32 European companies have announced their readiness to cooperate with Iran’s oil industry.
Oil Price Edges Lower as OPEC
Oil price decreased on Friday as a meeting between OPEC and its allies later in the day is expected on a formal agreement to more output curbs in early 2020.
Iran Keeps on Selling Oil Despite U.S. Sanctions
First Vice-President Eshaq Jahangiri says Iran is still selling its oil despite U.S. sanctions on Tehran’s exports, adding that Washington’s “maximum pressure” on Tehran had failed.
Iran Selling Oil despite US Sanctions
Iranian First Vice-President Eshaq Jahangiri highlighted the country’s success in countering the US sanctions and said the Islamic Republic is selling its oil despite the embargoes on the oil sector.
Official Raises Possibility of Discovering New Major Oil Field in SW Iran
The hydrocarbon exploration activities in Iran are expected to result in the discovery of a new major oil reserve within the next few months, an official said.
Syria oil wells occupied by US: Al-Ja’afari says
Syria’s UN Ambassador Bashar al-Ja’afari says the Syria oil wells are occupied by United States and they are looting Syrian resources as the UN remains silent on Washington’s act of theft. “The US occupies Syrian oil wells and plunders the Syrians’ revenues in the shadow of the UN Security Council’s silence,” he told a meeting […]
People voice concern over increase in fuel price
TEHRAN (Iran News) – Car owners in several cities of Iran have taken to the streets to voice their protest in peacefull rallies over a sudden increase in fuel price and strict rationing of the strategic fuel. The National Iranian Oil Products Distribution Company (NIOPDC) said in a statement late Thursday that the price of […]
Newly Discovered Oilfield Is Iran’s Second Biggest
TEHRAN - A new oilfield discovered in southwestern Iran is the second largest found in the country, Iran's oil minister Bijan Zanganeh said on Monday.
Risks of selling Aramco stocks
The Saudi government plans to sell 2% of state oil giant Aramco in a domestic listing on December 11, but restrictions on future share sales mean an international IPO is ruled out for at least a year.