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$40 billion investment opportunity in Iran's petrochemical industry: Petroleum Minister
Feb 15, 2020 11:27Tehran (IP) - Iran's petroleum minister has stressed that there is an investment opportunity worth $40 billion in the petrochemical industry, noting that $30 billion should be invested in the petrochemical industry within the next five years.
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Urgent OPEC meeting needs prior mutual understanding: Oil Minister
Feb 08, 2020 20:32Tehran (IP) - Oil Minister Bijan Namdar Zangeneh said if an early ministerial meeting was to be held, an agreement had to be reached prior to the meeting rather than discussing an agreement during the meeting.
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Parsi, Paranj oilfields to rise $6 billion to Iran petro-income: Oil Minister
Feb 08, 2020 14:17Tehran (IP) - Iranian oil minister said with Parsi and Paranj oil projects the country's exploration will be increased up to 120 million barrel which will add $6 billion of income to the country petro-income.
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A contract to develop the Persian and Paranj fields finalized
Feb 08, 2020 13:02Tehran (IP) - A contract for the development of the Persian and Paranj fields was finalized with the attendance of Iranian Oil Minister Bijan Namdar Zanganeh in Tehran.
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Iran to launch major APG processing plant: Iranian Petroleum Minister
Feb 06, 2020 14:51The Iranian Minister of Petroleum Bijan Namdar Zangeneh said the country had started countdown for launching a major plant for collecting and processing associated petroleum gas (APG) with $3 billion of investment.
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Iran about to launch major APG processing plant
Feb 05, 2020 11:56Tehran (IP) – The Iranian Minister of Petroleum has said the countdown for launching a major plant for collecting and processing associated petroleum gas (APG) has already started with $3 billion worth of investments.
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Coronavirus reduced demand for crude oil: Iran's Zangeneh
Feb 03, 2020 13:54Tehran (IP) - Iranian Minister of Petroleum Bijan Zangeneh said the oil market was under pressure because of Coronavirus outbreak and as a result the oil price had fallen to below $60 per barrel, adding, “Efforts must be made to ensure market balance”.
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Iran to have major leap in oil industry by 2022
Jan 25, 2020 21:57Tehran (IP) - Iran's Minister of Petroleum said that the country's oil industry will be witnessed a major leap by 2022.
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Petropars developing South Pars Phase 11 alone
Jan 25, 2020 19:39Tehran (IP) - Iranian Minister of Petroleum said Iran's Petropars was developing Phase 11 project of South Pars gas field as CNPC International and Total companies had fully abandoned the project.
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President Rouhani visits 'Petrochemical Achievements Expo'
Dec 30, 2019 09:48Iran's President Hassan Rouhani on Monday visited a 'Petrochemical Achievements Exhibition' in Tehran.
