Iran oil

Iranian President Hassan Rouhani says it is impossible to cut Iran’s oil exports while other regional states keep exporting their oil.

Iran’s First Vice-President Es’haq Jahangiri says Washington’s claim that it will reduce Iran’s oil sales to zero by November is impossible to come true.

President Hassan Rouhani on Thursday launched the second phase of Persian Gulf Star refinery in southern province of Hormozgan.

An Iranian oil official says removing Iran’s crude oil from the market is impossible after the US said it expected oil buyers to completely cut off purchases of Iranian supplies in early November.

Iran’s Oil Minister Bijan Zanganeh says the member states of the Organization of the Petroleum Exporting Countries (OPEC) have unanimously decided to stick to their earlier agreement on oil output.

Iran’s petroleum minister says the country sees no need for the OPEC member states to boost their oil production, as Tehran believes the recent hike in global oil prices has its roots in political tensions and not any imbalance in the market.  

Russian officials have officially expressed their intention to make a $50 billion investment in Iran’s oil industry, a media report says.

Iranian Oil Minister Bijan Zanganeh has called on the Organization of the Petroleum Exporting Countries to resist calls from Washington to change its output policies, saying that OPEC is not a subordinate of the White House.

US President Trump’s decision to pull the US out of the Iran nuclear deal has reinstated a number of sanctions that have put the petrodollar under threat.

Iran is investing efforts to maintain its oil production and exports at current levels following the US pull-out from the nuclear pact that is to restore US anti-Iran sanctions, the petroleum minister said.

Iranian Foreign Minister Mohammad Javad Zarif has described his visit to India as fruitful saying he held productive meetings with Indian official.

A Chinese company is set to build an oil refinery in Iran’s northern province of Mazandaran with a $2 billion investment.

EU Commissioner for Energy and Climate Miguel Arias Canete says Iran and the EU will form a joint working group to address challenges confronting Iran’s oil trade.

The British consortium Pergas has signed the first international oil contract with Iran after US President Donald Trump unilaterally withdrew the US from the Iran nuclear deal.

Iranian Oil Minister Bijan Zanganeh says if French energy giant Total decides to exit the Iran South Pars 11 (SP11) gas field development, a Chinese company is ready to replace it.

Iran’s oil minister says the Islamic Republic is a country which cannot be ignored on the global energy market.

After long debates over the naming of an important part of Tehran after Iran’s most famous prime minister, the City Council finally changed Tehran’s Naft (oil) street to Mohammad Mosaddeq, the man who nationalized Iran’s oil industry.

Iranian Foreign Minister Mohammad Javad Zarif and his Senegalese counterpart Sidiki Kaba have conferred on expansion of bilateral ties in various fields, particularly oil and gas cooperation.

Iran is counting down to overtake its arch-rival Saudi Arabia when it comes to the production and sale of petrochemical products.

Iran will sign three oil deals before the end of the current Persian year this month which will include operation of the fields for 20 years, Managing Director of the National Iranian Oil Company (NIOC) said on Saturday.

An oil swap plan between Iran and Iraq is facing delays due to safety problems, secretary of the Iran-Iraq Chamber of Commerce says.

Iran's oil minister has spoken of the Islamic Republic’s contract with Russia to export 3 million barrels of crude oil to that country.

Chinese rescuers have recovered the bodies of two crew members on an Iranian oil tanker that has been burning since it collided with a freighter last week in the East China Sea.

Iranian maritime officials have slammed the Chinese for not doing enough to save the Iranian crew on board an oil tanker which caught fire after colliding with a cargo ship.

An Iranian oil tanker, which caught fire after colliding with a bulk freighter off China's east coast, is giving off poisonous gases, hindering rescue work there, the managing director of the National Iranian Tanker Company (NITC) said.