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Iran not to easily award South Pars oil production to Total 04 Mar 2018

Iran not to easily award South Pars oil production to Total

 Iranian Minister of Petroleum Bijan Zangeneh has announced Total’s takeover of Danish Maersk’s oil division, adding development of the oil layer of South Pars gas field will not be easily assigned to Total. Speaking to reporters on the sidelines of an oil industry event in Tehran on Saturday evening, the official outlined the outcome of […]

Iran 10-month crude output up 165kbd 04 Feb 2018

Iran 10-month crude output up 165kbd

TEHRAN – Iranian Minister of Petroleum Bijan Zangeneh says the country’s petroleum output has increased by 165,000 b/d in the first 10 months of the current Iranian calendar year which began on March 21 compared to the same period last year. Addressing a press conference here in Tehran on Sunday, the official said Iran’s crude […]

TAPI gas pipeline ‘unlikely’ to compete with Iran 30 Jan 2018

TAPI gas pipeline ‘unlikely’ to compete with Iran

TEHRAN– Iranian oil minister said on Tuesday that the Turkmenistan-Afghanistan-Pakistan-India Pipeline (TAPI) is unlikely to be built, blaming the Pakistani side for failing to complete Iran-Pakistan pipeline. Referring to the construction of a pipeline to transfer gas from Turkmenistan to the Indian subcontinent with Saudi Arabia’s finance, Bijan Namdar Zanganeh said “there are barriers to […]

Hungary eager to buy more oil from Iran 04 Dec 2017

Hungary eager to buy more oil from Iran

TEHRAN – Iran’s oil minister said that Hungary is willing to buy more oil from Iran in the future while the banking relations between the two countries will improve. After a meeting with Iranian Oil Minister Bijan Namdar Zanganeh, Hungary’s Minister for National Economy Mihaly Varga declared that his country is willing to increase its oil […]

9-month oil cut extension acceptable 30 Nov 2017

9-month oil cut extension acceptable

TEHRAN – Iranian oil minister Bijan Namdar Zaganeh who has traveled to Vienna in order to attend the OPEC conference on extending agreements to cut oil production, said that a 6 to 9 month oil cut extension is acceptable. Bijan Zanganeh said “according to the conference outcomes and the reports issued, I suppose we have […]

Iranian Minister Derides Trump’s Oil Market Analysis 25 Nov 2017

Iranian Minister Derides Trump’s Oil Market Analysis

TEHRAN – Iran’s Oil Minister Bijan Namdar Zanganeh denounced comments by US President Donald Trump that the international oil market would remain normal by cutting purchases from Iran. Iran is supplying up to 2.5 million barrels of oil per day to the world market, Zanganeh told ICANA, saying a cut in this amount of Iranian […]

Iran’s Oil Minister: Total Can Leave Gas Deal Just in Case of UNSC Sanctions 18 Nov 2017

Iran’s Oil Minister: Total Can Leave Gas Deal Just in Case of UNSC Sanctions

TEHRAN  – Iranian Oil Minister Bijan Namdar Zanganeh said the French energy giant Total can leave a multi-billion dollar gas deal with the Islamic Republic only if the United Nations Security Council imposes international sanctions against Tehran. Speaking to reporters after his meeting with Deputy Prime Minister of the Republic of Uzbekistan Alisher Sultanov on […]

Total Has Started Work at South Pars Field, Iran’s Oil Minister Says 04 Nov 2017

Total Has Started Work at South Pars Field, Iran’s Oil Minister Says

TEHRAN  – Iranian Oil Minister Bijan Namdar Zanganeh said France’s energy giant Total has started work on the country’s giant South Pars gas field. New US sanctions against Iran are unlikely to affect the country’s oil and gas contracts with foreign states, Zanganeh told reporters on Saturday. “Total has begun its work to develop Iran’s […]

Trump’s threats had no effect on oil market 22 Oct 2017

Trump’s threats had no effect on oil market

TEHRAN – Iran’s Oil Minister Bijan Zanganeh said oil prices are still under influence of OPEC and US President Donald Trump’s threats against Iran have left no effect on the global oil market. “If Donald Trump’s threats against Iran had any value to the international community, oil prices should have rose up to about 65 […]

Tehran, Caracas Welcome any Measure to Stabilize Oil Market 16 Sep 2017

Tehran, Caracas Welcome any Measure to Stabilize Oil Market

TEHRAN – Iran Oil Minister Bijan Zangeneh said Tehran and Caracas are ready for carrying out any measure aimed at stabilizing global oil markets. Speaking following a meeting with his Venezuelan counterpart Eulogio Del Pino in his Tehran office on Wednesday, Zangeneh said enhancing mutual energy ties and discussion over current oil market conditions were […]