The Iranian president says Iran is building a major pipeline to transferring oil from west of the Persian Gulf to its east, cutting dependence on Hormuz Strait for oil exports.
Iranian Petroleum Minister Bijan Namdar Zangeneh and his Iraqi counterpart Ihsan Abdul Jabbar have discussed the ways to promote cooperation between the two neighbours in the oil industry.
Iran says as long as Tehran and Caracas are determined to do business with each other, the mutual exchanges will definitely continue, and those who seek to disrupt the trade ties must know troubles can be created for them too.
TEHRAN (Tasnim) – Commander of the Islamic Revolution Guards Corps (IRGC) Major General Hossein Salami said Iran has exhibited its power by sending oil tankers to Venezuela.
As Iran’s third oil tanker sails into the Venezuelan waters to deliver its much-needed gasoline cargo, the Iranian envoy to the South American country dismisses the claims that Tehran has received nine tonnes of gold from Caracas in exchange for the fuel.
After escorting the first Iranian tanker Fortune, the Venezuelan army has released footage of escorting the second vessel, named Forest, carrying gasoline to the fuel-starved country.
President of Iran Hassan Rouhani has cautioned the US that causing any trouble for the country’s oil tankers, be it the Caribbean Sea or any other part of the world, will make Washington face troubles in turn.
The US Navy has sent its P8-Poseidon patrol aircraft from the VP-26 Tridents as well as four warships to the Caribbean region for possible encounter with a group of Iranian super-tankers moving fuel to Venezuela, a report says.
Iran’s First Vice President says the coronavirus took severe revenge on the countries that sought to harm the Islamic Republic by imposing sanctions on the Iranian oil.
Iranian oil minister says the OPEC alone cannot solve the problem of the oil market, noting that resolution of the oil market issues requires global cooperation.
The dramatic plunge in oil prices would not have a huge impact on Iran’s economy, since the country was already prepared for such conditions under the pressure of American sanctions, First Vice President Es’haq Jahangiri says.
Iranian Petroleum Minister Bijan Zangeneh says an OPEC meeting on Friday was one of the group’s “worst ever” after it failed to reach an agreement on more oil cuts.
Iranian Minister of Petroleum Bijan Zangeneh says the Iranian energy company Petropars is now developing the Phase 11 of South Pars Gas Field alone after China’s CNPC International and France’s Total fully abandoned the project.
Iranian researchers at the University of Isfahan have conducted a study on removing sulfur from petroleum compounds, as a major step towards better automotive performance.
