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Hopes of an agreement between major oil producers to freeze production could be fading away after the Iranian oil minister Bijan Zanganeh said that exportation of the country’s oil and gas condensate has exceeded 2million barrels per day after daily Read more
Iran, which is coming back on the international oil market, voiced readiness to discuss the issue of oil prices with OPEC member states, including Saudi Arabia. “We support any form of dialogue and cooperation with OPEC member states, including Saudi Read more
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
Shortly after his arrival back home from the just concluded meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna, Iranian Oil Minister Bijan Zanganeh said they have “agreed” with Russia to begin the oil-for-goods trade this week. Iran will Read more
Iran is tipped to be an important gas supplier by 2023 if companies return to exploit its immense gas fields some of which have been lying idle for several years. Sanctions from the US and EU are holding back companies Read more