Oil Industry

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
Energy security analyst:

Turkey to continue Iran gas exports despite US sanctions

TEHRAN, Sep. 16 (MNA) – Omid Shokri Kalehsar, a senior energy security analyst, told Mehr News that Turkey will continue to import natural gas from Iran despite US’ sanctions targeting Iran’s oil sector.
2018-09-16 09:09
By: Ebrahim Fallahi

Petrochemical industry, a pillar for Iran’s resilient economy

TEHRAN, Sep. 06 (MNA) – Inaugurating three major petrochemical projects in Asaluyeh petrochemical zone in southwestern Iran was the headline of almost all Iranian energy related and economic news agencies across the country on Monday.
2018-09-06 15:09
Trump’s big challenges in re-imposing new sanctions on Iran

TEHRAN, Sep. 04 (MNA) – US President Donald Trump has faced big challenges in re-imposition of sanctions against Iran such as lack of support from its allies and modern financial technologies, the issue of which causes new US sanctions to be not as effective as the previous batch of sanctions imposed on Iran.
2018-09-04 19:24
Petrochemicals at forefront of countering sanctions: Rouhani

TEHRAN, Sep. 04 (MNA) – Iranian President Hassan Rouhani said Tue. that the country’s oil, gas and petrochemicals are at the forefront of countering the enemies’ economic sanctions against Iran.
2018-09-04 13:42
Iran to overhaul Iraqi oil wells

TEHRAN, Aug. 27 (MNA) – Islamic Republic of Iran will mend and drill Iraqi oil wells in Basra and Zubayr regions.
2018-08-27 16:29
Spanish company vows to defy US sanctions, keep business with Iran

MOSCOW, Aug. 18 (MNA) – In an interview issued on Saturday, Esproenko International, which specializes in oil and gas services, asserted that it would continue its activities in Iran despite US unilateral sanctions.
2018-08-18 21:08
By Ebrahim Fallahi

Caspian Sea legal regime: what it means for Iran’s oil, gas

TEHRAN, Aug. 18 (MNA) – After more than two decades of negotiations and diplomatic efforts in numerous summits, on August 12 a landmark convention was inked by the presidents of the five littoral Caspian nations – Russia, Iran, Kazakhstan, Azerbaijan and Turkmenistan on the legal status of the Caspian Sea during the 5th Caspian Summit in the Kazakh city of Aktau.
2018-08-18 15:06
NDFI official:

12% of NDFI’s financial resources earmarked to counter sanctions

TEHRAN, Aug. 07 (MNA) – A member of Board of Trustees at the National Development Fund of Iran said that the NDFI has allocated 12 percent of financial resources to counter US sanctions on Iran.
2018-08-07 17:24
By: Syed Zafar Mehdi

What should be India’s priority: Energy security or ‘America first’?

TEHRAN, Aug. 05 (MNA) – Although no final decision has been taken yet by New Delhi, speculation is rife that oil imports from Iran could slow down from August when some US sanctions against Tehran take effect. However, for now, there is reason to cheer for those who want to see India stand its ground and refuse to buckle under the US pressure.
2018-08-05 15:53
Iran, Belarus agree over ‘oil for machinery’ barter deal

TEHRAN, Jul. 31 (MNA) – The Iranian Ambassador to Belarus said Tehran and Minsk have agreed to barter oil products for industrial machinery.
2018-07-31 11:27
Import of raw vegetable oil down at 45% in Q1

TEHRAN, Jul. 25 (MNA) – According to the official statistics of Iranian Vegetable Oil Association, import of raw vegetable oil in the first three months of the current year (March 21-June 21) experienced a considerable 45 and 48 percent decline in terms of weight and value respectively as compared to the same period of last year.
2018-07-25 16:19
Venezuela says Iran lucky to have no US embassy; 'petro' main tool for bypassing US sanctions

TEHRAN, Jul. 20 (MNA) – Venezuela's Ambassador to Tehran Jesus Gregorio Gonzalez Gonzalez hailed Iran’s chance to have no US embassy, saying what Americans do in all the embassies throughout the world is only to interfere in their affairs and their illegal demands are not met, they push for other measures, plots and coups.
2018-07-20 17:20
Iran warns OPEC of losing effectiveness

TEHRAN, Jul. 17 (MNA) – In a letter to OPEC President Mohamed Al Mazrouei, Iranian Oil Minister Bijan Namader Zanganeh highlighted that if member countries do not adhere to their commitments regarding oil output, the effectiveness of the organization will be gradually eroded.
2018-07-17 09:30
Velayati:

Russia ready to invest up to $50bn in Iran’s oil sector

TEHRAN, Jul. 12 (MNA) – Oil cooperation between and Russia can be boosted to some $50 billion and Moscow has expressed readiness to make this investment, said Iranian Leader's senior adviser Ali Akbar Velayati on Thursday.
2018-07-12 15:12
Pompeo:

US to consider requests for waivers from Iran oil sanctions

TEHRAN, Jul. 11 (MNA) – The United States will consider requests from some countries to be exempted from sanctions it will put in effect in November to prevent Iran from exporting oil, US Secretary of State Mike Pompeo said on Tuesday.
2018-07-11 08:29
Iranian MP:

Iran's threat to block Strait of Hormuz to have positive results

TEHRAN, Jul. 10 (MNA) – Deputy Speaker of Parliament Ali Motahari said Tue. that Tehran would retaliate against US threats of reducing Iran’s oil revenues to zero by closing the Strait of Hormuz as one of the world’s key maritime choke points.
2018-07-10 13:43
Bank of America:

If US gets its way with Iran, oil could spike to $120

TEHRAN, Jul. 07 (MNA) – Oil could spike to $120 per barrel or more if the US were able to eliminate all Iranian oil exports, as it has said it would like to do by Nov. 4, according to Bank of America Merrill Lynch.
2018-07-07 13:38
Iran's OPEC governor:

Trump’s tweets driving up oil prices

TEHRAN, Jul. 05 (MNA) – Iran's representative to OPEC taunted US President Donald Trump for its “despicable” tweets addressing OPEC, saying if Trump does not stop tweeting, oil prices will go even higher.
2018-07-05 18:03
US initial sanctions against Iran to come back into effect on Aug. 4

TEHRAN, Jul. 03 (MNA) – United States Department of State announced on Monday initial round of sanctions against Iran would come back into effect on Aug. 4, targeting the Iranian automotive sector as well as trade in gold and other key metals.
2018-07-03 00:35
VP says US efforts to block Iran oil exports ‘in vain’

TEHRAN, Jul. 02 (MNA) – The Iranian First Vice President Es’hagh Jahangiri said Mon. that the United States government claim that it can force countries to cut Iranian oil imports to zero is unrealistic.
2018-07-02 17:44
Iran’s VP warns against attempts to replace Iran oil in global market

TEHRAN, July 01 (MNA) – The Iranian first Vice president Es’hagh Jahangiri has called some countries’ attempts to eliminate Iran from global oil market as ‘treasonous’.
2018-07-01 16:52
S Arabia unable to raise oil output by 2mn: Iranian OPEC governor

TEHRAN, July 01 (MNA) – In reaction to Donald Trump’s tweet yesterday, Iran’s OPEC governor, Hossein Kazempour Ardebili said that Saudi Arabia cannot add 2mn bpd to the oil market.
2018-07-01 11:12
Iran to withstand US sanctions relying on its competency, abilities

TEHRAN, Jun. 28 (MNA) – Iranian Foreign Ministry Spokesman Bahram Ghasemi said Iran will resist US unilateral pressures and sanctions relying on its abilities.
2018-06-28 13:58
Govt. spokesman:

Iran’s export rises by 21% in Q1

TEHRAN, Jun. 27 (MNA) – Government Spokesman Mohammad Bagher Nobakht said that country’s export volume increased by 21 percent in the first three months of the current Iranian calendar year in 1397 (March 21-June 22).
2018-06-27 10:32
Iran exports $50bn crude oil last year

TEHRAN, Jun. 25 (MNA) – Deputy Ministry of Oil for Engineering, Research and Technology Affairs Habibollah Bitaraf put crude oil value exported from Iran in the past Iranian calendar year in 1396 (ended March 20, 2018) at $50 billion.
2018-06-25 18:20
Deputy oil min.:

Oil industry accounts for 70% export portfolio

TEHRAN, Jun. 25 (MNA) – Deputy Oil Minister for Research and Technology Affairs Eng. Habibollah Bitaraf said that oil industry accounts for 70 share in export portfolio of the country.
2018-06-25 16:30
Iranian oil min.:

Iran to act based on OPEC resolution

TEHRAN, Jun. 25 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh said Iran will take measures and act based on the resolution adopted by the Organization of Petroleum Exporting Countries (OPEC) in its recent meeting.
2018-06-25 15:24
4th OPEC, non-OPEC Ministerial Meeting wraps up

TEHRAN, Jun. 24 (MNA) – The 4th OPEC and non-OPEC Ministerial Meeting in Austrian city of Vienna wrapped on June 23 with a final statement.
2018-06-24 12:18
Oil minister:

Iran against any increase in OPEC oil output

TEHRAN, Jun. 21 (MNA) – Iran disagrees with any increase in oil production in current circumstances, said Iranian Oil Minister Bijan Namdar Zanganeh on Thursday.
2018-06-21 14:18