Iranian Oil Minister Bijan Namdar Zanganeh announced that his ministry is planning to considerably increase the volume of the country’s oil derivatives exports in the next Iranian year (starting March 21, 2015).
Iran and China hope to bring the level of their trade exchanges to $60 billion from the current $52 billion in a year or so, the head of Iran-China Joint Chamber of Commerce says.
Iran says its natural gas production has increased by nearly 20% in the current calendar year (starting March 20, 2014) compared to the same period last year.
Mohsen Qamsari, head of the NIOC's international affairs, said that the Islamic Republic is set to inject more oil into the world market in an attempt to raise market share.
Iran is counting on a rise of 15-20% in non-oil exports in its new year, which begins on March 21, Industry, Mines and Trade Minister Mohammad Reza Nematzadeh says.
Oil rebounded on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned the Obama administration against accepting a weak nuclear deal with Iran, while rival Libyan forces targeted oil terminals in the African n ...
An Iranian oil official said on Tuesday that Iran plans to undertake more deep-water exploration projects to increase the country's drilling capacity as well as balance the steady slump in oil prices.