EghtesadOnline: So long as Tehran is grappling with the unending and hostile US economic sanctions, criticizing the government, especially the Oil Ministry and its subsidiaries, is not called for because it will harm not help, says a prominent Iranian energy analyst from London University.
EghtesadOnline: The European mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), to shield the country’s trade from crippling US sanctions won’t be useful if it does not allow oil sales, Iran’s oil minister said.
EghtesadOnline: The letter of association drawn up to clarify the terms of cooperation between OPEC and non-OPEC members is not binding and will not impact the half-a-century old organization.
EghtesadOnline: Members of the Organization of Petroleum Exporting Countries should hold consultations among themselves first on oil policy before striking deals with producers outside the bloc, Oil Minister Bijan Namdar Zanganeh said on Monday before leaving Tehran to attend the 176th meeting of OPEC in Vienna, Austria.
EghtesadOnline: Oil Minister Bijan Namdar Zanganeh says his ministry is ready to issue licenses for constructing small oil refineries in the border regions.
EghtesadOnline: The government has no plans to remove Oil Minister Bijan Namdar Zanganeh from his post, the government spokesman said on Monday.
EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said the government has exempted households and industrial gas subscribers in flood-hit areas from paying gas bills for 47 days.
EghtesadOnline: The United States has made a major error of judgment by politicizing oil and using it as a weapon in already fragile international oil market.
EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said Monday US sanctions on Iran and Venezuela plus the renewed military conflict in Libya are contributing to instability in the international oil markets.
EghtesadOnline: Oil Minister Bijan Namdar Zanganeh said on Saturday negotiations are underway with an Indian consortium led by ONGC Videsh Ltd, the foreign investment arm of India’s Oil and Natural Gas Corp. to expand Farzad B Gas Field in the Persian Gulf.