Will Iran prevent rescue of oil market?
Tehran's representative to the Organization of the Petroleum Exporting Countries (OPEC), Mehdi Asali, said that he considers "illogical" the proposal to freeze Iran's oil production now, Reuters reports. …
Bijan Namdar Zanganeh
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Iran not to give up its oil quota
The Iranian Oil Minister Bijan Namdar Zanganeh said that Iran will not give up its quota in the international oil market. He noted that the market is oversupplied, but Iran "will not overlook its …
Zanganeh: we are ready for dialogue with Riyadh on conditions in oil market
Tehran is ready to negotiate with Saudi Arabia over the current conditions in the oil market, the Iranian Oil Minister Bijan Namdar Zanganeh said. "We support any form of dialogue and cooperation with OPEC …
Iranian woman becomes oil minister for the first time
For the first time in history the Iranian Oil Minister Bijan Namdar Zanganeh appointed Marzieh Shahdaei as the head of Iran's National Petrochemical Company (NPC) and deputy oil minister, Iranian news agency …
Zanganeh: development of oil industry requires investments
Iran needs $200 billion of investment for development of the country's oil industry, but it is important to attract foreign investors as well, the Iranian oil minister, Bijan Namdar Zanganeh, said today. "We need …
Venezuelan oil minister holds consultations in Iran
After a meeting with Iran's Oil Minister Bijan Namdar Zanganeh in Tehran the Minister of Petroleum of Venezuela, Eulogio Del Pino, said that six crude oil producing countries have agreed to convene a …
Total to buy Iranian crude oil
French energy company Total will sign a contract with Tehran to buy crude oil, the Chief Executive Officer of Total, Patrick Pouyanne, said. "We plan to sign a contract which will allow us to take between 150,000 …
Zanganeh announces intention to double oil exports by autumn
After lifting of sanctions against Iran the republic intends to restore its position in OPEC by the autumn, doubling the volume of its oil exports and bringing them to 2 million barrels a day, oil minister …
New South Pars phases inaugurated in Iran
Iranian President Hassan Rouhani has officially inaugurated Phases 15 and 16 of the South Pars gas field in the south of the country. The country's Oil Minister Bijan Namdar Zanganeh has also attended the …
Iran's budget based on $40 for a barrel of oil
The Iranian oil minister, Bijan Namdar Zanganeh, said that the price of oil is pegged at 40 dollars per barrel in the budget bill for the next year. He noted that it is not necessary to predict the worst scenario of …
Zangane: Iran's priority is to reach the level oil exports were at before sanctions were imposed
Iranian Oil Minister Bijan Namdar Zanganeh said that the top priority of the Republic is to bring oil exports to the level that existed prior to the introduction of international sanctions against …
Iranian petrochemical industry is planning to make giant leap in next 20 years
In the next 20 years Iran intends to increase production of its petrochemical products to $ 70 billion, Iranian Oil Minister, Bijan Namdar Zanganeh, said at the opening of the 12th Iranian Petrochemical Forum in Tehran. …
Rosneft ready to invest in Iran’s oil projects
Rosneft CEO Igor Sechin is on a working visit to Iran, the press service of the oil company said. "We can confirm that Igor Sechin is on a working visit to Iran," TASS cited the press service as saying. …
Iran to present new model of oil contracts
Iran will present a new model of contracts to domestic and foreign companies - the Iran Petroleum Contract. The Iranian Oil Minister Bijan Namdar Zanganeh said before meeting the Minister of …
Zanganeh: Iran is optimistic about the development of relations with Russia
Tehran is optimistic about the prospects for cooperation with Russia. This statement was made by Iranian Oil Minister Bijan Namdar Zangane. He pointed out that the Russian …
OPEC countries to discuss return of Iran
OPEC countries are going to discuss the consequences of the possible return of Iran to the world oil market at the forthcoming meeting on December 4th, the head of the Ministry of Oil of Iraq Adil Abd al-Mahdi reported. …
Zanganeh: Iran does not claim the Russian share of the gas market
Iran does not claim to take the Russian share of the world gas market, the Oil Minister of the country Bijan Namdar Zanganeh stated. "I think it is not necessary," RIA Novosti quotes his response to a question …
Iran won’t ask for OPEC's permission to increase oil exports
Tehran is not going to negotiate with OPEC in order to increase supplements of oil to the world markets after lifting of sanctions. The statement was made by head of the Iranian Ministry of …
Iran is interested in Brazil's experience in deepwater oil extraction
Iranian Oil Minister Bijan Namdar Zanganeh stated that the country is interested in the experience of Brazil in deepwater oil extraction. According to him, Brazil has a good experience in extracting oil from deep …
Zanganeh: Iran ready for oil and gas swap with Russia
Tehran is ready to conclude oil and gas swap contracts with Russia, the Iranian Oil Minister Bijan Namdar Zanganeh said following talks with Russian Energy Minister Alexander Novak in Tehran.