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Analyst: Censuring Oil Ministry Will Not Help

EghtesadOnline: So long as Tehran is grappling with the unending and hostile US economic sanctions, criticizing the government, especially the Oil Ministry and its subsidiaries, is not called for because it will harm not help, says a prominent Iranian energy analyst from London University.
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Publish Date:14/July/2019 | 09:16

INSTEX Worthless Without Oil Import

EghtesadOnline: The European mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), to shield the country’s trade from crippling US sanctions won’t be useful if it does not allow oil sales, Iran’s oil minister said.
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Publish Date:06/July/2019 | 24:00

Brent, WTI Prices Surge as OPEC Extends Cuts

EghtesadOnline: The letter of association drawn up to clarify the terms of cooperation between OPEC and non-OPEC members is not binding and will not impact the half-a-century old organization.
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Publish Date:03/July/2019 | 11:31

Zanganeh: OPEC Should Act Unitedly

EghtesadOnline: Members of the Organization of Petroleum Exporting Countries should hold consultations among themselves first on oil policy before striking deals with producers outside the bloc, Oil Minister Bijan Namdar Zanganeh said on Monday before leaving Tehran to attend the 176th meeting of OPEC in Vienna, Austria.
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Publish Date:02/July/2019 | 10:38

No Plan to Remove Zanganeh

EghtesadOnline: The government has no plans to remove Oil Minister Bijan Namdar Zanganeh from his post, the government spokesman said on Monday.
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Publish Date:18/June/2019 | 09:39

Flood-Hit Areas in Iran Exempt From Gas Bills

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said the government has exempted households and industrial gas subscribers in flood-hit areas from paying gas bills for 47 days.
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Publish Date:11/June/2019 | 09:49

Zanganeh: US Wish Will Not Come True

EghtesadOnline: The United States has made a major error of judgment by politicizing oil and using it as a weapon in already fragile international oil market.
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Publish Date:24/April/2019 | 14:05

Iran Awaiting India’s Decision on Farzad B Gas Field

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said on Saturday negotiations are underway with an Indian consortium led by ONGC Videsh Ltd, the foreign investment arm of India’s Oil and Natural Gas Corp. to expand Farzad B Gas Field in the Persian Gulf.
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Publish Date:06/April/2019 | 15:06

Iran to Start Oil Export From Oman Sea in 2021

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said the National Iranian Oil Company will start exporting crude from the port of Jask in southern Hormozgan Province in 2021.
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Publish Date:18/March/2019 | 14:51

Iran: Third Phase of Major Refinery Opens in Bandar Abbas

EghtesadOnline: Third phase of the Persian Gulf Star Refinery in Bandar Abbas, Hormozgan Province, was launched Monday in the presence of President Hassan Rouhani and Oil Minister Bijan Namdar Zanganeh .
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Publish Date:19/February/2019 | 11:36

Iran Oil Minister Briefs the Press on Key Oil Issues

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh on Tuesday made a rather positive review of the government's projected oil revenues in the proposed budget for the next fiscal that begins in March.
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Publish Date:06/February/2019 | 14:13

Zanganeh Prefers Higher Gasoline Prices

EghtesadOnline: Rationing and higher prices are needed to help reduce fuel consumption, the oil minister said. "There are a number of proposals on the table but no decision has been taken because of a lack of consensus,” Bijan Namdar Zanganeh was quoted as saying by ISNA.
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Publish Date:02/February/2019 | 15:04

Iran: Self-Sufficiency in Gasoline

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said Sunday gasoline needs are now fully supplied by domestic refineries and imports ended in September.
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Publish Date:22/January/2019 | 14:58

Iran, Iraq Explore Ways to Expand Energy Ties

EghtesadOnline: Iraq and Iran are exploring ways to develop two shared oilfields despite US efforts to isolate Tehran from global oil markets.
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Publish Date:12/January/2019 | 14:00

Iran Exempt from OPEC 1.2m bpd Output Cut

EghtesadOnline: OPEC concluded its 175th meeting with an accord to remove 1.2 million barrels a day of crude from the market, with non-OPEC allies including Russia taking a 400,000 barrel-a-day share.
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Publish Date:08/December/2018 | 13:20

Three Petrochemical Projects Go on Stream

EghtesadOnline: President Hassan Rouhani inaugurated three major petrochemical ventures in the southern city of Asalouyeh in Bushehr Province on Tuesday, in a ceremony attended by Oil Minister Bijan Namdar Zanganeh and other officials.
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Publish Date:05/September/2018 | 11:48

Zanganeh Calls for Extraordinary OPEC Meeting Over Production Changes

EghtesadOnline: Iran's Oil Minister Bijan Namdar Zanganeh said OPEC may need to hold an extraordinary meeting, if the organization of oil producers fails to prevent member countries from adjusting their crude production without approval.
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Publish Date:11/August/2018 | 11:08