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Oil Ministry

  • EghtesadOnline: Iran’s Oil Ministry has invested $15 million in Tehran Metro to help expand the capital’s public transportation network, the oil minister wrote on Twitter.

  • EghtesadOnline: Despite the fact that liquefied petroleum gas is good for auto engines, Oil Minister Bijan Namdar Zanganeh says so long as cars can run on compressed natural gas, LPG should be used for other purposes.

  • EghtesadOnline: The Oil Ministry will support startups and knowledge-based firms in related industries, the Oil Minister said on the weekend.

  • EghtesadOnline: The Oil Ministry is at the forefront of fighting the US sanctions, but some power circles criticize it under the name and banner of protecting national interest.

  • 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: Dismissing allegations by former president Mahmoud Ahmadinejad over mismanagement in the energy sector, the Oil Ministry said despite difficulties created due to the new US economic sanctions, revenues from oil exports have been received by the treasury.

  • EghtesadOnline: Lawmakers on Sunday approved an amendment to next year's (March 2019-20) budget bill obliging the Oil Ministry to offer on a monthly basis 2 million barrels of light crude on the Iran Energy Exchange.

  • EghtesadOnline: Extended financial constraints in and procrastination by Islamabad notwithstanding, energy officials in Tehran are still hopeful that the long-delayed gas project with Pakistan will eventually see the light of day.