Ministry of Petroleum

Iran eyes 2mt increase in petchem production

TEHRAN, Jan. 18 (MNA) – An Iranian petrochemical official said Iran’s petrochemical production rate will increase by 2 million tons by tapping unexploited capacities in petrochemical facilities of the country.
2020-01-18 21:43
Iran to launch 23 petrochemical projects in Asaluyeh

TEHRAN, Jan. 12 (MNA) – A senior petrochemical official said plans are underway to launch 23 petrochemical plants in Asaluyeh Petrochemical Zone, southern Iran.
2020-01-12 10:56
Petchem progress in line with Establishment policies: Zanganeh

TEHRAN, Dec. 30 (MNA) – Iran’s Oil Minister Bijan Namdar Zanganeh says the development of petrochemical plants is going on in line with the policies of the Islamic establishment of Iran to create jobs and prevent the sale of crude oil and gas.
2019-12-30 13:38
Iran gained self-sufficiency due to sanctions: Syrian petroleum min.

TEHRAN, Sep. 24 (MNA) – Syrian Minister of Petroleum and Mineral Resources Ali Ghanem said that self-sufficiency has been one of the positive aspects of the US imposed sanctions on Iran.
2019-09-24 14:53
US displays 'schoolyard bullying' by re-imposing bans on Iran: official

TEHRAN, Apr. 30 (MNA) – A senior Iranian oil official said that the White House’s re-imposition of sanctions on Iran was US’s “schoolyard bullying” reaction to the new balance of power in the world.
2019-04-30 08:44
Two petrochemical plants to be launched in H1

TEHRAN, Apr. 01 (MNA) – Iran is to inaugurate two petrochemical projects in the first half of the current Iranian calendar year, which began on March 21, a petrochemical official said.
2019-04-01 19:32
Iran ready for gasoline exports: official

TEHRAN, Feb. 24 (MNA) – An official with the Iranian Ministry of Petroleum said the country was not only self-sufficient in gasoline production but had excess production capacity, which could be earmarked for exports.
2019-02-24 09:16
Iran oil output doubles in 5 years: Minister

TEHRAN, Feb. 18 (MNA) – Iranian Oil Minister Bijan Zangeneh said the country’s petrol production capacity had more than doubled since 2013.
2019-02-18 17:01
Zanganeh says oil industry can double petchem output to $40bn

TEHRAN, Jan. 20 (MNA) – Minister of Petroleum Bijan Zanganeh said Sun. that the oil industry has the capability to double the country’s petrochemical output capacity to $40 billion.
2019-01-20 14:24
Iran petchem output to hit over 100 mt/y by 2025

TEHRAN, Jan. 02 (MNA) – The CEO of the National Petrochemical Company (NPC) said Iran’s petrochemical production capacity would exceed 100 million tons per year once the sector completed its under-construction projects by 2025.
2019-01-02 16:42
NPC preparing to issue bonds for petchem projects: CEO

TEHRAN, Dec. 25 (MNA) – Iran’s National Petrochemical Company (NPC) is preparing to issue bonds for financing petrochemical projects, NPC CEO said Monday.
2018-12-25 08:59
'US forced to exempt 8 Iran oil buyers from sanctions'

TEHRAN, Nov. 19 (MNA) – The policies adopted by Iran and its Petroleum Ministry forced Washington to issue exemptions to 8 of Iran’s oil buyers, said Iran’s deputy petroleum minister for international affairs and trade.
2018-11-19 15:49
Oil market never buys Saudi brags: Zanganeh

TEHRAN, Oct. 08 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh has reacted to recent remarks by Saudi authorities regarding oversupplying the oil market, saying “such brags would only satisfy US President Donald Trump, but the market would never buy them.”
2018-10-08 15:10
Oil Min. Zanganeh to attend Russian Energy Week Forum

TEHRAN, Oct. 02 (MNA) – Iranian Oil Minister Bijan Zanganeh will take part at the 2018 Russian Energy Week International Forum on 3-6 October in Moscow.
2018-10-02 11:52
Algeria JMMC meeting resulted in what Iran wanted: oil minister

TEHRAN, Sep. 24 (MNA) – Iranian Oil Minister Bijan Zanganeh said that the result of the OPEC committee meeting in Algeria on Sunday was consistent with what Iran wanted for oil supply agreements.
2018-09-24 13:14
Iran to veto OPEC decisions harming its interests: Oil min.

TEHRAN, Sep. 20 (MNA) – Oil Minister Bijan Zanganeh told Bloomberg on Thu. that Iran will veto any OPEC decision that harms the Islamic Republic, adding that he won’t be attending the Algerian JMMC meeting.
2018-09-20 15:38
Oil min. sends letter of complaint to OPEC on JMMC fault

TEHRAN, Aug. 09 (MNA) – Iranian Minister of Petroleum Bijan Zanganeh has sent a letter to OPEC president, complaining about some members' attempts to redistribute over-conformity in production adjustment level among themselves, and attempts to hand over OPEC countries’ over-conformity to non-OPEC countries.
2018-08-09 12:39
Oil minister says agreement at OPEC unlikely

TEHRAN, Jun. 20 (MNA) – Iranian Oil Minister Bijan Zanganeh has expressed doubt that the OPEC meeting in Vienna would conclude with consensus among the participating members, as Iran intends to veto Saudi Arabia’s proposal to increase oil production.
2018-06-20 09:06
Oil Ministry to issue license for exporting bitumen in next month

TEHRAN, May 29 (MNA) – In a new directive issued by the Oil Ministry, bitumen will be exported to other countries as of the beginning of Iranian month of Tir (June 22).
2018-05-29 13:12
Iran exports 2.7 million bpd of oil last month

TEHRAN, May 22 (MNA) – The statistics by Iranian ministry of petroleum indicate that Iran’s daily output of crude and gas condensate has been on a rise in the past Iranian calendar month of Ordibehesht.
2018-05-22 19:54
Iranian manufacturers sign 55 contracts to provide oil industry equipment

TEHRAN, May 21 (MNA) – Reza Padidar, a member of the Oil Industry Equipment Manufacturer Association, said on Monday that Iranian manufacturers are assigned with making the needed equipment for Iranian oil industry.
2018-05-21 20:38
Iranian Abadan refinery increases production capacity

TEHRAN, May 20 (MNA) – Abadan Refinery, Iran's biggest refinery, has increased its gasoline production capacity to 12 million liters per day.
2018-05-20 15:09
Iran, UK sign contract on developing Karanj oilfield

TEHRAN, May 17 (MNA) – The first heads of agreement (HOA) following the US pullout from the nuclear deal was signed Wed. night between Iran and Britain on development of Karanj oilfield located in Khuzestan province.
2018-05-17 13:50
Iran’s role in intl. oil market unignorable

TEHRAN, May 06 (MNA) – 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.
2018-05-06 15:50
We will do whatever it takes to counter Trump: Iran oil min.

TEHRAN, Apr. 24 (MNA) – Iranian Oil Minister Zanganeh said Mon. that the country will employ all of its capacities and experiences to prevent any loss to its economic gains should US President Trump decide to pull out of the nuclear deal.
2018-04-24 07:30
Iran crude production hits 4mn bpd: deputy oil min.

TEHRAN, Mar. 03 (MNA) – According to Iranian deputy oil minister Iran is currently producing around 4 million bpd of oil and exporting around 2.6 million bpd of oil and gas condensates.
2018-03-03 17:27
Iran’s oil price drops by 60 cents to $69

TEHRAN, Jan. 28 (MNA) – The upswing in the price of Iran’s light crude oil, which began in Jan. 2018, came to a stop during the week leading to Jan. 19, and now stands at about US$69 a barrel.
2018-01-28 16:18
Iran to launch 5 South Pars phases next calendar year: Oil Min.

TEHRAN, Jan. 22 (MNA) – Iranian Minister of Petroleum Bijan Zangeneh says the country will start gas production from 5 phases of the supergiant South Pars Gas Field during the next calendar year starting on March 21.
2018-01-22 20:54
Iran’s oil, gas harvest remarkable: Veep

TEHRAN, Jan. 22 (MNA) – Iran’s First Vice-President Es’hagh Jahangiri said that the oil and gas produced from the joint fields shared by Iran and Iraq have increased significantly.
2018-01-22 18:57
Govt forms committee to investigate conditions of oil tanker crew

TEHRAN, Jan. 09 (MNA) – Following the order issued by President Rouhani, representatives from three ministries formed a committee to conduct investigation into the conditions of the Iranian crew members of the oil tanker and their families.
2018-01-09 22:44