Iran oil

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.

An Iranian economist says a recent drop in oil prices will probably take a toll on Iran’s economy, complicating government efforts to draft a spending package.

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 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.

An official says Iran has large-enough oil reserves to last at least six decades.

The Republic of Azerbaijan’s state-owned oil company will cooperate with an Iranian oil firm in exploration and production of oil in the Caspian Sea.

NIOC deputy-manager for explorations has said the country would enjoy gas and oil reservoirs for next 60 and 200 years, respectively.

The oil minister says with sanctions eased, foreign oil tankers begin port calls to Iran.

Iran’s Petroleum Minister Bijan Namdar Zanganeh has dismissed reports of an agreement with Russia to sell oil for Iran.

Iran's Oil Minister says the country has become self-sufficient in the production of diesel fuel.

Some 32 world countries will be attending Iranˈs 19th International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2014) to be held in Tehran on May 6-9.

India has significantly increased its oil purchases from Iran following the implementation of an interim nuclear deal between Iran and six world powers, a report says.

South Korea doubled its import of Iranian oil during the month of February.

Iranian Oil Minister said on Sunday that the ministry plans to boost the country's gas production before winter through completion of several projects in various phases of the South Pars gas field.