Tag: National Iranian Oil Company

Iran encourages oil sales with euros to replace dollars

Peter Mulvany

Oil Minister Bijan Zanganeh said crude oil supplies will be increased because European companies have requested hundreds of crude oil barrels per day (bpd) during President Rouhani’s visit to Italy and France. Total agreed to buy 160,000bpd while Eni is Read more

Iran to announce oil contracts in November – December

Jaber Ali

The Iranian government is determined to increase its oil production as it works towards regaining its past glory as the second biggest producer among OPEC members before U.S, E.U and U.N economic sanctions. Global oil prices have been dropping since Read more