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24.02.2016 Iran Set to Increase Oil, Gas Output to Implement Resistive Economy Policy

Minister of Petroleum Bijan Zangeneh said Iran is entitled to increase its oil and gas production and has embarked on measures for increasing its output in order to meet the policies stipulated by the resistive economy principles.

18.02.2016 Iran Supports Moves to Improve Oil Price: Zangeneh

Iranian Minister of Petroleum Bijan Zangeneh said Tehran supports any move to stabilize the situation in the international crude oil market and improve the price of the product.

17.02.2016 Iran Not to Forgo its Oil Market Share: Minister

Petroleum Minister Bijan Zangeneh stressed that Iran will not give up its quota in the international crude oil market adding that Tehran will be hosting a tripartite ministerial meeting to be participated by his Iraqi and Venezuelan counterparts on Wednesday.

15.02.2016 Saipem to Make, Export Oil Equipment in Iran

By Mehdi Sepahvand - Trend

Iran has reached a MoU with Italian Saipem for joint production and export of oil equipment from Iran, said the member of the board of directors of Iran’s Oil Industry Producers Association Reza Padidar.

10.02.2016 Iran Oil Industry Needs $200b Development Investment

Minister of Petroleum Bijan Zangeneh said that Iran’s oil industry’s upstream and downstream sectors require investments upto 200 billion dollars stressing that foreign resources should be attracted because domestic resources are not sufficient to provide for the investm

04.02.2016 Iran to Export Gas Oil to Tajikistan

NIOPDC has announced the official launch of exporting Iranian gas oil to Tajikistan for the first time in the history of the two countries.

25.01.2016 Lifting of Sanctions in Iran - Impact and Opportunities for the Global Oil Market

Iran is home to the 4th largest oil reserves in the world and prior to its economic sanctions they also were the second largest producer of oil behind Saudi Arabia.  Production within the country was above 4M b/d and their exports of crude had come close to 3M b/d.  Asid