Wed, August 21, 2019, 12:48
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IOTC Localizes Manufacturing of Industrial Valves
The Iranian Oil Terminals Company (IOTC) has acquired the technical savvy for manufacturing parts of industrial valves which were previously monopolized by European and American companies.
No Unilateral Decisions in OPEC
The secretary general of the Organization of the Petroleum Exporting Countries (OPEC) said there were no unilateral decisions in the organization.
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Iran recoverable oil reserves at 160bn barrels
Iran’s Minister of Petroleum, Bijan Zangeneh said Tuesday the country’s recoverable oil stood at 160 billion barrels.
Japan’s Iran oil loading to continue through March
Japanese refiners will continue to lift oil from Iran through March after receiving a waiver from U.S. sanctions on crude imports i...
Iran’s budget least tied to oil among OPEC states: Zangeneh
Minister of Petroleum Bijan Zangeneh says Iran’s budget is the least tied to oil production among OPEC Member States, adding the co...
Iran crude vital for sustaining balance in oil trade
Iranian crude in the global market is extremely important for sustaining a balance in oil trade, says Sanjiv Singh, chairman of Ind...
Turkey resumes Iranian oil imports
Turkey has resumed imports of Iranian crude oil after a one-month hiatus in November when U.S. sanctions on Iran were reimposed, tr...
Oil min. says private clients of Iran crude had no problems exporting it
Minister of Petroleum Bijan Zangeneh said Wed. that private buyers of Iranian crude have been able to export it without any problem...
Price fluctuations in oil market, psychological: Zanganeh
Oil Minister Bijan Namdar Zanganeh said on Wednesday that the current volatility in the oil market is psychological.
Japan's Fuji Oil loads Iran oil, first cargo since U.S. sanctions waiver
Fuji Oil, jointly with Showa Shell, has loaded the first Iranian crude oil cargo being lifted by Japanese refiners since the countr...
India to import Iranian oil using rupee payment mechanism
India will import crude oil from Iran using a rupee-based payment mechanism, an industry source involved in discussions told Reuter...
Exploratory well of Minoo Island reaches oil: Zanganeh
The exploratory well, drilled in Iran’s Minoo Island has reached oil, Iranian Oil Minister, Bijan Namdar Zangeneh announced on Wedn...
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