Iran’s Oil Minister Bijan Namdar Zanganeh says the domestic firm, Petropars, will develop phase 11 of South Pars.

TEHRAN (Iran News) – Iranian Oil Minister Bijan Namdar Zanganeh said modification and improvement of the country’s refineries needs $10 billion of investment. The minister made the remarks in an open session of Parliament on Monday, answering a question about supplying low-sulfur fuel for Iranian vessels, IRNA reported. The International Maritime Organization (IMO) introduced new […]

TEHRAN (Iran News) – Oil Minister Bijan Namdar Zanganeh said on Sunday that Iran is exporting oil products due to the development of its gas supply know-how and giant South Pars (SP) field. Iran has various gas resources and 95 percent of the population has direct access to the gas network, Zanganeh said, reported IRNA. […]

TEHRAN (Iran News) – Iran’s Oil Minister Bijan Namdar Zanganeh landed in Vienna Thursday morning to attend the 177th meeting of the Organization of Petroleum Exporting Countries, known as OPEC, in order to assess the situation of this resource in the international market. The Iranian minister is also is planning to hold talks with OPEC […]

TEHRAN (Iran News)- The construction of the largest petrochemical wastewater treatment facility in Iran is moving forward with a 53% physical progress, CEO of Bandar Imam Petrochemical Company Hamid Reza Rostami said, adding that the plant will be go online by March 2021. According to the National Petrochemical Company (NPC), Rostami, in a meeting with […]

Iranian oil minister Bijan Zanganeh said Sat. the France-proposed $15 billion credit line for Iran has nothing to do with the easing of US sanctions on the country.

In a letter, Iran’s oil minister has called on the OPEC to prevent some members from increasing their oil output without seeking consensus with other members. According to Iranian Oil Ministry website SHANA, the Oil Minister Bijan Zangeneh sent a correspondence to OPEC President HE Suhail Mohamed Al Mazrouei, Minister of Energy & Industry of […]

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 […]

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 oil minister described the oil negotiations between Iran and Azerbaijan as positive and voiced hope to see the talks concluded with President Rouhani’s visit to Baku in the first days of the new year (of Iranian calendar). “The Presidents of the two countries of Iran and Azerbaijan are significantly contributing to the bilateral relations […]