‘Only way to rebalance oil market is stopping sanctions on Iran’

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said the only way to rebalance the oil market is to stop the sanctions on Iran.

U.S. dream of zero Iranian oil won’t come true: Zanganeh

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh said on Monday that the Joint Ministerial Monitoring Committee (JMMC) meeting’s outcome was a negative response to the demands of U.S. President Donald Trump, ISNA reported.

Persian Gulf Star Refinery’s daily output to reach 40m liters by March 2019

TEHRAN- Iran’s Persian Gulf Star Refinery (PGSR)’s daily gasoline output will reach 40 million liters by the end of current Iranian calendar year (March 20, 2019) once the third phase of the refinery is complete, according to Soroush Ziglari, the operation director of the refinery.

Iran will veto any decision against its interests: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said Iran will definitely veto any decision which threatens its interests.

‘Iran won’t refund Total’s investment in South Pars project until it’s operational’

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said Iran will refund French oil and gas major Total’s investments in the phase 11 of South Pars gas field but not until the project becomes operational, Shana reported on Saturday.

France's Total officially leaves South Pars deal: Zanganeh

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh said on Monday that France’s Total has officially withdrawn from South Pars gas deal, Iranian state TV reported.

Zanganeh writes to OPEC, expressing dissatisfaction with JMMC’s performance

TEHRAN - Iranian oil minister has written a formal complaining letter to OPEC President Suhail Al Mazrouei to express concerns over Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC)’s performance.

Oil Ministry imposing 4-year service term limit for top directors

TEHRAN- According to a new order by Iran’s Oil Minister Bijan Namdar Zanganeh, a four-year service term limit will be imposed for the ministry’s senior directors since October 23, Shana news agency reported.

Iran to continue oil exports despite U.S. disruptive measures: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said the country’s oil production and exports have not changed significantly despite U.S. efforts for disrupting Iran’s market, IRIB reported on Saturday.

Iran to continue oil exports despite U.S. disruptive measures: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said the country’s oil production and exports have not changed significantly despite U.S. efforts for disrupting Iran’s market, IRIB reported on Saturday.

Unilateral production rise would breach OPEC’s deal: Zanganeh

TEHRAN- Any unilateral measure to boost oil output above OPEC's current limits would breach the producer group's recent deal, Iranian Oil Minister Bijan Zanganeh said Saturday in a letter to OPEC President Suhail Mohamed Al Mazrouei.

Persian Gulf Star Refinery’s 2nd phase to come online today

TEHRAN – The second phase of Iran’s Persian Gulf Star Refinery (PGSR), which is hailed as the Middle East’s largest gas condensate processing complex, is going to be inaugurated officially today, Tasnim news agency reported.

Iran will find other ways to overcome sanctions: Zanganeh

TEHRAN- Saying that Iran doesn’t believe buyers of its oil will get waivers from the U.S. government, Iranian Oil Minister Bijan Namdar Zanganeh said his country will find other ways to overcome sanctions.

Zanganeh: OPEC decision based on 2016 output reduction agreement

OPEC output gain ‘nominal’

OPEC agreed on Friday to raise oil production by around 1 million barrels per day (bpd) from July for the group and its allies, an OPEC source said.

OPEC not an organization to receive instruction from Trump: Zanganeh

TEHRAN- “OPEC is not the organization to receive instruction from President Trump”, Iranian Oil Minister Bijan Namdar Zanganeh stated. “OPEC is not part of the Department of Energy of the United States,” the Iranian minister told reporters on Tuesday after arriving in Vienna, where OPEC is headquartered, Reuters reported.

Iran to veto Saudi-proposed supply boost along with Venezuela, Iraq

TEHRAN - Iran’s representative to OPEC, Hossein Kazempour Ardebili, said Iran along with Venezuela and Iraq is going to veto Saudi Arabia’s proposal to increase oil production in cartel’s June 22 meeting in Vienna.

Zanganeh writes to OPEC, calling for support for sanctioned members

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh has sent a letter to OPEC President Suhail Mohammed Al Marzouei calling for the organization’s support for members targeted by sanctions, Shana reported on Thursday.

By Ebrahim Fallahi

Iran’s oil market after U.S. nuclear deal exit

Near two weeks after U.S. President Donald Trump declared his decision on withdrawing from Iran’s nuclear deal, known as Joint Comprehensive Plan of Action (JCPOA), oil traders around the world are still following a “wait and see” strategy toward the consequences of Trump’s decision for Iran’s oil exports and market in general.

U.S. leaving of JCPOA won’t affect Iran’s oil, gas exports, revenue: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said Donald Trump’s decision on abandoning the nuclear deal is not going to have a great impact on Iran’s oil, gas and gas condensate exports and revenue, IRIB reported on Friday.

Iran Oil Show 2018 hosting over 4,000 companies

TEHRAN- More than 4,000 domestic and foreign companies are participating in the 23rd Iran International, Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2018) which kicked off on Sunday at the Tehran Permanent International Fairgrounds.

Oil, gas, petchem sectors require $200b investment: Zanganeh

TEHRAN- Oil, gas and petrochemical sectors as the driver of Iran’s economy require $200 billion of investments for development in the coming years, Oil Minister Bijan Namdar Zanganeh said on Tuesday.

Iran won’t award South Pars oil layer development to Total: Zanganeh

TEHRAN – Oil Minister Bijan Namdar Zanganeh said Iran is not going to hand over the development of South Pars oil layer to Total since the French oil giant has taken over Danish Maersk's oil division with which Iran was negotiating the project.

Daily gasoline output to increase 12m liters in 4 months

TEHRAN- Gasoline production in Iran will increase 12 million liters within the next four months, Oil Minister Bijan Namdar Zanganeh announced on Monday.

OPEC unlikely to change output deal in 2018: Zanganeh

TEHRAN-  Iran’s Oil Minister Bijan Namdar Zanganeh said OPEC is unlikely to change its decision on production cut in this year, Shana news agency reported.

Iran won’t easily award South Pars oil layer to Total: Zanganeh

TEHRAN – Oil Minister Bijan Namdar Zanganeh said Iran is not going to hand over the development of South Pars oil layer to Total easily since the French oil giant has taken over Danish Maersk's oil division with which Iran was negotiating the project.