Minister of Petroleum Bijan Zangeneh says volume of Iran's Oil Reserves has risen 2.5-fold following triumph of Islamic Revolution of Iran in 1979.
Gasoline Production rose seven-folded over the past four decades after triumph of the Islamic Revolution of Iran in 1979.
Iranian Minister of Petroleum Bijan Zangeneh is scheduled to accompany Parliament Speaker Ali Larijani in his visit to Beijing later this week to negotiate completion of Phase 11 Project of South Pars with CNPCI.
South Korea resumed imports of Iranian Oil in January after a four-month hiatus, customs data showed on Friday, but shipments were down 76% from the same month last year.
The three most closely watched Oil Market forecasters are all bracing for a significant upsurge in non-OPEC supply growth in 2019 but differ on the extent that global Oil supply will outweigh demand.
Japanese refiners are seeking clarity on whether there will be an extension to the 180-day sanctions waiver from Washington in March, as they hope to continue buying Iranian Oil without any disruption, Petroleum Association of Japan's president Takashi Tsukioka said.
The CEO of Khazar Exploration and Production Company (KEPCO) said talks between Iran and Azerbaijan were continuing and a joint committee had been formed by the two neighbors.
A top US official discussed this week South Korea’s crude Oil imports from Iran and urged Seoul to accelerate its Oil supply diversification, S&P Global Platts reported on Thursday, quoting a diplomatic source.
An official with the National Iranian Oil Company (NIOC) said Iran’s Oil Industry needed new blood and fresh ideas for development.
The National Iranian Drilling Company ( NIDC) has completed drilling operations for 123 oil and gas Wells over the course of the first 11 months of the current calendar year, which began on March 21.
