Oil Minister Bijan Namdar Zanganeh says it is not only up to OPEC to deal with growing market oversupplies, adding non-OPEC producers should to cooperate to limit oil production.
Under an MOU signed by Tehran and Yerevan, Iran is to be build a hydroelectric power plant in Armenia.
Bijan Namdar Zanganeh says although Iran has been affected by a recent drop in oil prices, it does have the tools to cushion the damage.
The Iranian president says crude price fluctuations will have an adverse impact on global economy.
The Iranian Economy Council has agreed to allocate 1.5 billion dollars in finances to a project which will take natural gas to Sistan and Baluchestan Province.
The Renewable Energy Organization of Iran says it is planning to generate 5,000 MW of clean power in five years’ time.
An Iranian oil company director says a final nuclear agreement between Tehran and G5+1 would see the return of world oil giants to Iran.
Companies from Canada and Australia have expressed readiness to put their money into Iran’s gas projects, the National Iranian Gas Company says.
The Iranian oil minister says countries that hold talks with Iran before the lifting of sanctions will have an edge over others that wait until after the sanctions are removed.
Tehran and Islamabad appeal for conclusion of a deal to take Iranian natural gas to the Subcontinent.