An Iranian oil tanker has called at an African port for the first time since the removal of US-led sanctions on Tehran's nuclear program, an official said.
Iranian Minister of Petroleum Bijan Zangeneh said the country has planned to raise its crude oil output to 4 million barrels a day, from the current 3.2 mbd, by the end of the current Iranian calendar year which began on March 20و adding the country eyes to boost oil exports to 2.25mbd by then.
The Taiwanese government announced it has lifted visa restrictions for Iranian applicants to travel to the Asian island. Furthermore, it will increase its oil purchases from Iran.
Iran has sharply raised oil exports since the lifting of sanctions in January, with the sales of crude and condensate standing over 2 million barrels per day, Minister of Petroleum Bijan Zangeneh says.
Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi said that Iran has increased its crude oil export to 1.8 million barrels a day.
Iran has announced that it shipped more than seven million barrels of crude oil in only two days thus setting a new record in the country’s oil exports not seen in several years.
Iranian Minister of Petroleum Bijan Zangeneh said Tehran supports any move to stabilize the situation in the international crude oil market and improve the price of the product.
Iran’s petroleum minister says the terms of new oil deals, sweetened to tempt back foreign companies, have yet to be finalized, noting that critics’ concerns about the new contracts would be allayed.
The price war, along with the share of the global oil market which has caused the current oil price slump, is now affecting the...
Germany's Linde Group and Japan's Mitsui have said that they are planning to jointly invest $4bn in a number of petrochemical projects in Iran, an official said.