Zangeneh

OPEC, non-OPEC Agreement Reachable before April: Zangeneh

VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says OPEC+ could reach an agreement to consider deeper cuts in the group’s output before the end of March.
2020-03-06 21:04
OPEC Pegs Deeper Cuts at Non-OPEC Support

VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said oil producers at OPEC had uniformly proposed a major cut in the group’s crude oil output, but waited for non-OPEC allies, especially Russia, to back the move by considering cuts in their production.
2020-03-06 14:07
OPEC Waiting for Non-OPEC Approval for Historic Output Cuts

VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says OPEC had decided to wait for an agreement of non-OPEC allies to consider major cuts in the group’s output to shore up oil prices.
2020-03-05 17:03
Oil Market Reeling from Supply Glut: Zangeneh

VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says there is an oversupply in the crude oil market, saying OPEC and non-OPEC producers need to discuss how to ensure market balance.
2020-03-04 14:07
COVID-19, Main Culprit in Recent Oil Price Fluctuations: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh says that coronavirus is to blame for recent price fluctuations in the oil market.
2020-02-24 23:40
Zangeneh Talks with Russia’s Novak Prior to OPEC Meeting

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh discussed topics regarding the upcoming OPEC meeting with his Russian opposite number Alexander Novak.
2020-02-22 16:30
Enhanced Gas Production, Biggest Oil Industry Measure to Save Environment: Min.

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said his ministry’s biggest environmental measure was enhancing natural gas production in the country.
2020-02-16 19:16
Iran Eyes 1mbd Crude Output in West Karoon

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country expected to bring crude oil production to 1 million barrels per day in West Karoon Fields.
2020-02-15 16:21
$40b Investment Up for Grabs in Iran Petchem Industry

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said there were opportunities to invest by up to 40 billion dollars in the country’s petrochemical industry.
2020-02-15 16:17
Iran Refineries to Yield 0.7mt/year of Petcoke

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said Bandar Abbas and Imam Khomeini refineries were to produce 700,000 tons per year of sponge and needle cokes in Iran.
2020-02-10 15:05
Iran Eyes Self-Sufficiency in Sponge, Needle Coke Production

TEHRAN (Shana) – The National Iranian Oil Refining and Distribution Company (NIORDC) and Iranian Mines & Mining Industries Development & Renovation, known as IMIDRO, have signed an agreement for production of sponge and needle coke in Bandar Abbas and Imam Khomeini refineries which will render Iran self-sufficient in production of the items used for steel production.
2020-02-10 12:44
Iran About to Launch Major APG Processing Plant

TEHRAN (Shana) – The Iranian Minister of Petroleum said the country had started countdown for launching a major plant for collecting and processing associated petroleum gas (APG) with $3 billion of investment.
2020-02-05 11:40
Market Balance, a Necessity: Zangeneh

TEHRAN (Shana) – 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 the market balance”.
2020-02-03 12:47
Iran Eyes Enhanced Oil Recovery in Azadegan Joint Field

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said plans were under way to enhance oil recovery factor of the Azadegan joint oilfield in the near future.
2020-01-25 23:11
No Worries Concerning Low-Sulfur Fuel Supply for OGVs: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the country could supply the needs of ocean-going vessels (OGC) to low-sulfur fuel domestically.
2020-01-13 13:03
Oil Prices Rise in Volatile Conditions: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said instability had spurred a price rise in the oil market, and said: "Psychologically speaking, there is somewhat of an upward trend in oil prices currently."
2020-01-08 14:45
Zangeneh Congratulates New Year to Christian Colleagues

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh wrote a statement in which he congratulated the New Year to the Christian staff of the Iranian petroleum industry and the world.
2020-01-01 09:58
Iran Petchem Progress in Line with Establishment Policies: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said that the development of petrochemical plants was in line with the policies of the Islamic establishment of Iran to create jobs and prevent sale of crude oil and gas.
2019-12-30 12:38
CBI to Finance Siraf Refining Project

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said that the central bank of Iran (CBI) was to bankroll Siraf refining project by investing Rls. 200,000 billion in the plan.
2019-12-16 12:59
Petropars to Develop Farzad B Gas Field

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the Iranian oil company Patropars was awarded the engineering, exploration and basic design sections of Farzad B Gas Field Development Project.
2019-12-15 13:00
Volume of Smuggled Petrol Very Low: Min.

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the volume of smuggled petrol and gasoil from Iran was “very little”.
2019-12-09 14:34
OPEC 177th Meeting

VIENNA (Shana) -- The 177th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 5 December 2019, under the Chairmanship of its President, HE Manuel Salvador Quevedo Fernandez, People's Minister of Petroleum of the Bolivarian Republic of Venezuela and Head of its Delegation. On Friday, 6 December, the 7th OPEC+ meeting was also held.
2019-12-08 18:11
5 OPEC Decision in 177th Meeting

VIENNA (Shana) – OPEC+ production cuts increased by 503,000 barrels per day, secondary sources designated as OPEC and non-OPEC production reference sources, gas condensate was removed from crude oil production calculation of non-OPEC producers, Algeria's Energy Minister was selected as OPEC Conference President alphabetically, and eventually, Iran became the vice-chairman of the OPEC board of governors.
2019-12-06 18:09
Zangeneh Satisfied with Talks at OPEC 177th Conference

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh expressed satisfaction at the negotiations between OPEC members on Thursday, announcing an extraordinary OPEC meeting would be held within the next 3 to 4 months.
2019-12-06 15:44
We would never Forfeit Iranian Nation's Rights: Zangeneh

VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said he and his team would never give up on the Iranian nation’s rights.
2019-12-05 14:55
Zangeneh to Meet with OPEC Sec. Gen., Conference President

VIENNA (Shana) – Iranian Minister of Petroleum Bijan Zangeneh is scheduled to meet with Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), and Venezuela's People's Minister of Petroleum and President of the OPEC Conference in Vienna on Thursday.
2019-12-05 10:26
Iran Names Newly-Discovered Oilfield Namavaran

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said that the newly-discovered oilfield in Khuzesan was named Namavaran, adding the field had an oil in place estimate of 53.3 billion barrels.
2019-11-11 10:31
Creating Job Market, Best Method to Support Domestic Manufacturers: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said that the best support for domestic companies and manufacturers was to provide them with a job market, saying: "We need investment to create jobs."
2019-11-04 16:29
Zangeneh Receives Armenian Minister

TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh hosted a meeting with Suren Papikyan, the Armenian Minister of Territorial Administration and Infrastructure, in Tehran on Sunday, November 03.
2019-11-03 17:53
US Changing Energy Geography: Zangeneh

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said that the arrival of the US in the gas and oil markets was becoming a crucial factor in changing the geography of energy in the world.
2019-10-09 19:49