Iranian petroleum minister says that the country wants OPEC to endeavor to keep oil price at about 60 dollars per barrel in order to restrain shale producers.
Minister of Petroleum Bijan Zangeneh said on Saturday that during President Hassan Rouhani’s recent visit to India, the two countries agreed in principle on development of Farzad B oilfield.
US President Donald Trump’s urging other countries not to buy oil from Iran has had no effects on the Islamic Republic's export, said Iranian minister of petroleum, Bijan Zangeneh, on Wednesday.
The latest market figures that South Korea’s imports of crude from Iran saw a significant increase in October compared to the same period last year, but were nonetheless lower than September by a slight margin
Based on a swap agreement sealed by Iran and Iraq, Kirkuk oil will be exported to Iran, Iraqi Oil Minister Jabbar al-Luaibi said on Friday.
A woman was appointed on Sunday as Iran's Petroleum Minister first deputy for the first time in the history of the country's oil industry.
National Iranian South Oilfields Company and Russia’s Zarubezhneft here Monday signed a new Memorandum of Understanding (MoU) for oil field study in Iran.
As a pioneering sector, oil industry could take advantage of foreign investment, Petroleum Minister Bijan Zangeneh said, addressing Majlis (Parliament) open session on Wednesday.
Iran’s oil production has risen to over 3.9 million barrels per day (bpd), spokesman for the government announced here on Tuesday.
National Iranian Oil Company (NIOC) and the Italian petroleum company Eni signed on Tuesday a memorandum of understanding (MoU) for studying the development of Darkhovin oil field and Kish gas field.
Iran produces about 4 million barrels oil per day, half of which is exported to European countries, an official said.
Iran says it has signed a basic agreement with Russia’s energy giant Gazprom over the development of Farzad B gas field – a project which the country has for long been negotiating with an Indian consortium.
A senior energy official announced that Afghanistan has voiced willingness to import gas from Iran.
The 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition, attended by 4500 national and international companies, started in the Iranian capital on Saturday.
Minister of Petroleum Bijan Zangeneh said here on Saturday that during the years of President Rouhani's government Iran has turned into an exporter of gas oil.
Head of the National Petrochemical Company of Iran (NPC) Marzieh Shahdaei said seven new petrochemical projects will come on stream in Iran’s Pars Special Economic Energy Zone by the yearend.
One of the most significant achievements made by the government of President Hassan Rouhani in the previous Iranian year (ended March 20, 2017) was breathing a new life into Iran’s oil industry.
Iran is not going to strike crude oil sales agreement with parties that use language of threats against it, says Minister of Petroleum Bijan Zangeneh.
Iran’s crude oil and condensate exports rose three percent month-on-month in January as it continued to regain market share, widening its appeal among refiners around the globe in the process.
Iran says it expects to finalize talks over an ambitious project to export natural gas to Oman through a subsea pipeline in early March.