Iranian Oil ministry

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 NIOC: oil markets to remain stable

NIOC: oil markets to remain stable

NIOC’s director of international affairs, Mohsen Ghamsari, said that Iran has regained about 80% of the market share it held before the US and European Union tightened sanctions on its oil industry in 2012. …

 Doha meeting ends without agreement

Doha meeting ends without agreement

OPEC and non-OPEC producers on Sunday failed to reach a deal to freeze oil output, Reuters reports. The participants of the meeting in Doha acknowledged that the fundamentals are improving. Qatar's minister said that the dynamics of …

Tehran and Delhi to sign Farzad-B agreement in October

Tehran and Delhi to sign Farzad-B agreement in October

New Delhi and Tehran will sign a contract to develop Iran's Farzad-B gas field in October 2016. This was announced in a joint document after a meeting between the Indian Minister of Oil and Gas, Dharmendra Pradhan, and his …

Delhi invests 20 billion dollars in Chabahar Iranian port

Delhi invests 20 billion dollars in Chabahar Iranian port

India plans to invest 20 billion dollars in the development of the Iranian port of Chabahar, the Indian Minister of Oil and Gas, Dharmendra Pradhan, said after the meeting with his Iranian counterpart, Bijan …

Greece to buy 60-150 thousand barrels of Iranian oil per day

Greece to buy 60-150 thousand barrels of Iranian oil per day

Greece will buy from 60 to 150 thousand barrels of oil per day from Iran, the deputy head of the Iranian Ministry of Oil Amir Hossein Zamaninia said. "The Greek oil company ‘Hellenic Petroleum’ signed a contract to …

Will Iran prevent rescue of oil market?

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. …

Shell starts repayment of $2.7 billion debt to Iran

Shell starts repayment of $2.7 billion debt to Iran

The Anglo-Dutch oil company Royal Dutch Shell has started to repay its debt to Iran of $2.3 billion for oil that had been delivered in 2011 and 2012, the official representative of the Ministry of Petroleum of Iran, Asqar …

Iranian woman becomes oil minister for the first time

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

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 …

Iran increases oil production by 500,000 barrels per day

Iran increases oil production by 500,000 barrels per day

The Iranian leadership has issued an order to increase crude oil production by 500,000 barrels per day, Iranian Deputy Oil Minister Rokneddin Javadi said. "Iran is able to increase its oil production by …

Iran's budget based on $40 for a barrel of oil

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 …

Lukoil to develop Iranian oil fields

Lukoil to develop Iranian oil fields

The Iranian Oil Minister, Bijan Namdar Zanganeh, said today that his government plans to come to an agreement to develop oil and gas fields along with the Russian company Lukoil  on the territory of the Islamic Republic. According …