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High oil prices won’t benefit producers in long-run: Zanganeh

Iran’s Oil Minister Bijan Namdar Zanganeh said rising international oil prices won’t benefit producers in the long-run as he warns against impacts of the prices on the oil production economy.

Iran can quickly increase oil output once sanctions are lifted: Zanganeh

Economic Desk

Zanganeh: Iran oil output could reach 6.5 mbd

Iran’s oil minister said the country has the capacity to increase its crude production rapidly, as world powers enter the final stages of negotiations to revive a 2015 nuclear accord with the Islamic Republic.

Iran, Afghanistan sign joint border agreement

Iranian and Afghan officials signed an agreement on border cooperation after the end of a five-hour meeting on Saturday.

Iran launches 933 km of new energy pipelines

Iran has expanded its energy pipeline network by 933 kilometers as the country aims to reduce costs related to the transportation of petroleum and gas products.

Iran’s oil, natural gas industries growing considerably: Minister

Iranian oil minister said the country’s oil and natural gas industries have developed considerably since the victory of the 1979 Islamic Revolution of Iran.

Iran’s oil exports rise significantly despite sanctions: Zanganeh

Iran’s oil exports have climbed in recent months and its sales of oil products to foreign buyers reached record highs despite US sanctions, the oil minister said on Friday.

Zanganeh: Foreigners have to accept new conditions to work with Iran

Foreign energy contractors and project developers can return to Iran, but they will have to agree to Tehran’s new conditions, said Oil Minister Bijan Namdar Zanganeh.

Narrowing of OPEC+ cuts insignificant to global supply: Zanganeh

Iranian Oil Minister Bijan Namdar Zanganeh said a decision by an international grouping of oil producers known as OPEC+ to slightly narrow supply cuts agreed for January would not have a significant impact on global prices.

Iran welcomes Russian investors as Zanganeh ends Moscow visit

Iran’s Minister of Oil Bijan Namdar Zangeneh called Russia a “strategic partner” during a visit to Moscow and invited Russian companies to invest in the Islamic Republic.

Iran’s oil production has never stopped: Zanganeh

Despite US sanctions against Iran’s oil industry, the country’s oil production has never stopped, said Iranian Oil Minister Bijan Namdar Zanganeh on Monday.

OPEC+ decision was wise: Zanganeh

Iranian Minister of Oil Bijan Namdar Zanganeh said that the crude oil output cuts will decrease from previously-agreed amount of 7.7 million barrels per day (mbd) to 7.2 mbd in January 2021, adding it was a wise decision.

Iran says OPEC right to be cautious about fragile oil market

Iranian Oil Minister Bijan Namdar Zanganeh supported calls within the Organization of Petroleum Exporting Countries (OPEC) for continued cuts to global supply of crude, saying the oil cartel is right to be cautious about the future of a market which has been deeply affected by the spread of the coronavirus pandemic.

Zanganeh: Iranian energy sector has made outstanding achievements

Iranian Oil Minister Bijan Namdar Zanganeh said the Iranian energy sector has made outstanding achievements despite all geostrategic challenges.

Iran’s oil industry will not yield to US sanctions: Zanganeh

Iran’s oil industry will not succumb to sanctions imposed by the United States, Oil Minister Bijan Namdar Zanganeh said on Monday.