Iran, Venezuela Sign Oil MoU

TEHRAN (SHANA) – Iran and Venezuela signed a Memorandum of Understanding (MoU) to boost cooperation in various areas of oil industry.

Owji Wins Vote of Confidence

TEHRAN (Shana) -- Iranian parliament approved Javad Owji as the new petroleum minister by giving him vote of confidence.

Proposed Petroleum Minister:

Determining Fate of Joint Oil, Gas Fields, a Priority

TEHRAN (Shana) -- The proposed Minister of Petroleum, Javad Owji, said: "In the new era, the fate of oil and gas fields that have not been determined in the past decades will be determined."

Raeisi Nominates Javad Owji as New Petroleum Minister

TEHRAN (Shana) – Iranian President Ebrahim Raeisi President nominated Javad Owji as the proposed Minister of Petroleum for a vote of confidence in the Islamic Consultative Assembly.

Zangeneh: High Oil Prices Will not Benefit OPEC+ in the long run

TEHRAN (Shana) -- Iran’s Minister of Petroleum, Bijan Zangeneh, said the decision made during OPEC Plus meeting today will not increase oil prices, adding high prices will not work to the group’s advantage in the long run.

Vision Document of Crude Oil Production for 2040 Approved

TEHRAN (Shana) -- The Supreme Energy Council approved the vision document of Iran’s crude oil production up to the horizon of 2040.

Zangeneh: Oil Demand Has not Reached 2019 Levels

TEHRAN (Shana) -- Oil demand is expected to grow by 5.6 million bpd as business activities would recover, however, it has yet to reach 2019 levels, said Iran’s Minister of Petroleum, Bijan Zangeneh, on the sidelines of the 15th OPEC and non-OPEC Ministerial Meeting held on Thursday via video conference.

Zangeneh: OPEC+ decision was wise

Crude oil output cuts will decrease from previously-agreed amount of 7.7 million bpd to 7.2 million bpd in January 2021, down 500,000 bpd, Iran’s Minister of Petroleum, Bijan Zangeneh, said, adding it was a wise decision.

Zangeneh Addresses 22nd GECF Ministerial Meeting

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh called the US sanctions unfair which barred Iran’s access to billions of dollars in oil revenues, adding despite all geostrategic challenges, Iran had progressed significantly in the energy sector.

Int'l Cooperation Needed for a Peaceful World: Zangeneh

TEHRAN (Shana) -- , Iranian Minister of Petroleum Bijan Zangeneh said in order to restore peace in the world, sustain it and ensure production in the gas sector, "we need to increase cooperation internationally, stop bullying and avoid politicization of the markets, particularly energy market."