Iran's Petroleum Minister

  • Zangeneh: Oil Demand Has not Reached 2019 Levels

    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

    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

    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

    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."