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New Petroleum Deals Will Ease US Pressure

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh says the ministry's top priority is to accelerate the proceedings to sign new oil and gas agreements with international contractors as a policy to defuse US pressures against the country.
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Publish Date:05/September/2017 | 24:42

Zanganeh Turns Focus on Iraqi Market Opportunities

EghtesadOnline: Iran should and will seize the opportunity to consolidate its position in Iraqi's multibillion-dollar economy, Oil Minister Bijan Namdar Zanganeh said.
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Publish Date:26/August/2017 | 05:41

Zanganeh Highlights Gas Export Barriers

EghtesadOnline: Iran is facing a bumpy road in expanding natural gas export, Oil Minister Bijan Namdar Zanganeh said in an interview on Sunday, pointing to operational and financial impediments in gas trade with Pakistan in the east and Iraq along the western borders.
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Publish Date:22/August/2017 | 13:35

Foreign Finance Crux of Oil Industry Development

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said attracting foreign investment will be the centerpiece of his ministry in the next four years, hoping to build up on a multibillion-dollar gas deal with France's Total that is widely seen as one of his signature accomplishments as oil minister.
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Publish Date:21/August/2017 | 07:31

Iran Oil Ministry Priorities for 2017-21 Outlined

EghtesadOnline: E xpanding oil loading and export facilities along the Sea of Oman and developing oil and gas reservoirs shared with regional states are front and center on the Oil Ministry agenda for the next four years, President Hassan Rouhani said on Tuesday.
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Publish Date:16/August/2017 | 10:11

Zanganeh: Iranian Economy Averted Oil-for-Food Crisis

EghtesadOnline: Iran's economy could have plunged into an "oil-for-food" crisis if sanctions against its banking and energy sectors were still in place, Oil Minister Bijan Namdar Zanganeh said in an interview.
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Publish Date:30/July/2017 | 08:39

South Pars Phase 11 Production to Commence in 2021

EghtesadOnline: Gas production from an offshore Iranian project in the Persian Gulf, which is being developed by France’s Total and its partners, will commence in early 2021, Oil Minister Bijan Namdar Zanganeh said.
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Publish Date:25/July/2017 | 05:44

Iran Oil Minister Defends Gas Deal With Total in Parliament

EghtesadOnline: Iranian Oil Minister Bijan Namdar Zanganeh said the gas contract signed with energy major Total this month will be a technological milestone that will help Iran lift its gas production and revenue from the joint South Pars Gas Field in the Persian Gulf.
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Publish Date:15/July/2017 | 24:02

Zanganeh Says Total Unfazed by Sanctions

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said the French oil major Total will develop Phase 11 of the South Pars Gas Field in the Persian Gulf step-by-step because of the nature of the initiative and "that is why the whole $5 billion investment will not be transferred to the country all at once".
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Publish Date:09/July/2017 | 09:53

Iran Targets 4 mbpd Crude Oil Output by March 2018

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said Iran aims to increase crude oil production by around 200,000 barrels a day before the fiscal year is out in March 2018.
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Publish Date:25/June/2017 | 10:57

Iran Oil Minister Sees 700,000 bpd Rise in Crude Output by 2021

EghtesadOnline: Oil Minister Bijan Namdar Zanganeh says Iran plans to raise crude oil output by 700,000 barrels per day in the long run, a decision that does not interfere with OPEC's short term reduced supply plans.
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Publish Date:03/June/2017 | 08:52

Iran Oil Minister Positive About Contracts With Oil Majors

EghtesadOnline: Tehran hopes to sign groundbreaking deals with oil majors such as Total and Lukoil this year as the reelection this month of Hassan Rouhani to the presidency should boost investments.
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Publish Date:27/May/2017 | 09:19

Iran's Maxed-Out Crude Output Eases OPEC Push to Extend Cuts

EghtesadOnline: Iran’s oil industry bounced back from sanctions last year, cranking up output to recover market share from other OPEC producers. Now that its surge has topped out, Iran supports an extension of the group’s cuts to preserve those gains.
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Publish Date:24/May/2017 | 13:23

Iran Oil Industry Still in Recovery Mode

EghtesadOnline: Mismanagement by the previous government plus the international economic sanctions incapacitated the key oil industry, Oil Minister Bijan Namdar Zanganeh said, stressing that Tehran has made concerted efforts to recuperate the oil and gas sectors over the last four years.
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Publish Date:06/May/2017 | 14:59

Iran Oil Minister Backs Extension of Crude Supply Cuts

EghtesadOnline: Tehran will support a decision to extend an OPEC-led agreement to cut crude oil supplies and lift sagging prices if other members of the Organization of Petroleum Exporting Countries continue to comply with their planned cuts.
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Publish Date:01/May/2017 | 24:27

Tehran Seeks $40b for Petrochemical Projects

EghtesadOnline: Tehran is keen to open up its petrochemical industry to multinationals and propel foreign investment as it seeks to expand its foothold in the global petrochemical market.
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Publish Date:23/April/2017 | 10:19

New Oil Contracts Will Enliven Iran's Job Market

EghtesadOnline: New contracts in the oil and gas sector can create thousands of jobs and resuscitate the economy which is reeling from international financial and trade restrictions, says Bijan Namdar Zanganeh , the oil minister.
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Publish Date:19/April/2017 | 10:56