Oil Minister Bijan Zanganeh says the government pays almost $70b of subsidies annually for the gas and liquid fuel in the country.
the Oil Ministry will invest $80 million in startups and knowledge-based firms, the oil minister said.
Iranian Minister of Oil Bijan Namdar Zanganeh said that enemies failed in cutting off Iran’s oil sales.
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.
Iran’s oil minister, Bijan Zanganeh said on Monday it was difficult to forecast crude prices amid uncertainties over prospects for demand, Iranian state radio reported.
Iran’s Oil Minister Bijan Namdar Zanganeh said the OPEC cannot solely handle the current market issues.
Iran’s Minister of Petroleum Bijan Zangeneh says an OPEC meeting on Friday was one of the group’s “worst ever” after it failed to reach an agreement on more oil cuts.
Bijan Namdar Zanganeh arrived in Vienna on Wednesday to take part in the 178th (Extraordinary) Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) will be held on March 5.
Iran will be able to produce more than one billion cubic meters (bcm) of gas per day once the final platform is installed at the South Pars offshore field, Iran oil minister says.
Oil production at the West Karoun oil fields in southwestern Iran increased fivefold in the past six years, Iran’s Oil Minister Bijan Zanganeh said on Saturday.