The Iranian oil minister said on Sunday that Iran’s role in the international oil market cannot be ignored, adding that Iran seeks reasonable price for crude oil in the market. Speaking at the opening ceremony of the 23rd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show-2018) at Tehran International Permanent Fairground on […]

Chief of Trade Promotion Organization of Iran (TPOI) Mojtaba Khosrotaj said that export of non-oil commodities in the Iranian month of Farvardin (from March 21 to April 22) increased 15 percent as compared to the same period last year. Speaking in a ceremony to commemorate exemplary exporters of Isfahan Province, he put the nonoil export […]

TEHRAN- Oil, gas and petrochemical sectors as the driver of Iran’s economy require $200 billion of investments for development in the coming years, Oil Minister Bijan Namdar Zanganeh said on Tuesday. Speaking in a session of Majlis (Iranian parliament), the minister said if such investment is made in these sectors, national economy will witness a […]

TEHRAN – Oil Minister Bijan Namdar Zanganeh said Iran is not going to hand over the development of South Pars oil layer to Total since the French oil giant has taken over Danish Maersk’s oil division with which Iran was negotiating the project. Speaking to the press on the sidelines of a signing ceremony event […]

TEHRAN – Researchers at a knowledge-based company in the city of Mashhad designed crude oil disposal reinjection units which improve the quality of crude oil. The company was recognized as the second laureate in research and development section for their research work on crude oil disposal reinjection units at the 31st Khwarizmi International Award, which […]

Exports volume for Iran’s crude oil stands at two million and one hundred thousand barrels per day (mb/d) in March. The figure is expected to increase in April. China and India are the largest buyers of Iranian crude, with more than one million barrels in total. The figure is expected to reach nearly 1.3 million […]

TEHRAN – Iran’s oil customers in Asia and Europe shipped in 2.1 million barrels per day (bpd) of Iranian crude during March, IRNA reported on Monday citing the oil ministry. China and India were top importers of Iranian crude oil in the mentioned period importing over one million bpd together. The oil ministry expects the […]

Iranian oil Minister Bijan Namdar Zanganeh landed in Indian capital New Delhi early on Wednesday to participate in 16th International Energy Forum (IEF). During his daylong stay in India, he is going to meet with his Indian counterpart and also delivers speech in the ministerial meeting of OPEC (Organization of Petroleum Exporting Countries) member states. […]

 Iranian Foreign Minister Mohammad Javad Zarif in a meeting with Brazilian President Michel Temer welcomed Brazil’s investment in the country’s oil and gas sector. During the meeting held Tuesday in Brasilia, Iranian Foreign Minister Zarif called for expansion of economic ties and reaching a balance in trade transactions between the two countries. He also deemed […]

TEHRAN – Russian companies are expected to invest over $50 billion in development of oil and gas fields in Iran, Tass reported quoting Russian presidential aide Yuri Ushakov as saying on Monday. “Energy is the most promising sphere for cooperation between Russia and Iran. Leading Russian oil and gas companies, such as Gazprom, Gazprom Neft, […]