Tag: Energy Market

Iran’s Oil Minister Bijan Namdar Zanganeh says the US cannot stop the oil price rise and tackle the current shortage in the world’s oil market by bullying other oil producers.

Iran’s petroleum minister, in an unannounced visit to Moscow, reached a deal with the Russian energy minister on a 1-million-bpd increase in oil output through joint efforts.

Iran's First Vice-President Es’haq Jahangiri says the Islamic Republic has found new customers for its crude oil after a number of its former clients stopped their purchases over fear of the US’ November sanctions.

Iran’s oil minister has rejected US President Donald Trump’s remarks that OPEC is to blame for the rise in oil prices, urging Washington to stop trying to hamper Iran’s oil trade if it really wants a drop in global oil prices.

Iran’s envoy to the Organization of Petroleum Exporting Countries (OPEC) says the oil prices may go down as US President Donald Trump wants only if he keeps quiet and stop posting tweets.

Media reports show that people of Iraq, and also other neighbours of Iran, are flocking to border markets of the Islamic Republic amid the historic devaluation of rial, turning basic commodities into rare goods for local residents.

A senior Iranian official says the United States’ claim that it will bring Iran’s petroleum sales to zero is just nonsense.

Iranian President Hassan Rouhani on Tuesday inaugurated three new petrochemicals projects during his visit to the southern city of Asalouyeh in Bushehr Province.

Seyyed Mehdi Hosseini, a former deputy oil minister and an energy expert, says the US has no way but to grant sanction waivers to Iran’s oil customers.

The spokesman for Iran’s IRGC confirmed on Sunday that Iranian forces have successfully staged a drill in Persian Gulf earlier this week, saying the maneuver was carried out as part of the IRGC’s annual schedule.