• ۵ OPEC Decision in #۱۷۷th Meeting OPEC+ production cuts increased by ۵۰۳,۰۰۰ barrels per day, secondary sources designated as OPEC and non-OPEC production reference sources, gas condensate was removed from crude oil production calculation of non-OPEC producers, …

  • Iran oil min #Zangeneh ahead of the OPEC+ meeting in Vienna: #OPEC has reached a consensus already but its implementation will depend on the meeting with non-OPEC producers; if they agree to undergo commitments, then OPEC decision can become operational.

  • Until oil money is not included in the Instrument in Support of Trade Exchanges(INSTEX), it would be tantamount to nothing; if they agree with this mechanism, one can say some improvement has taken place; otherwise, without including oil money in #INSTEX, no comments can be made.

  • #Zangeneh: Speaking on behalf of the Iranian nation, I would say this is the right of our people and nation and I would not agree with cutting even a barrel of oil for illogical reasons.

  • Iranian Minister of Petroleum, Bijan #Zangeneh: Iran Names Newly-Discovered Oilfield #Namavaran. The field is estimated to hold ۵۳ b barrels of crude oil in place and there is a possibility of its southward continuation. This is the second largest oilfield #discovered in Iran.

  • #Zangeneh commented on Saudi #Aramco’s IPO and its impact on global #crude_oil markets. The market will continue as it is and crude oil is likely to continue trading at around $۶۰ a barrel. Despite all the efforts, the price of oil does not seem to exceed the $۶۰/b level.

  • Iranian companies #OIEC and #TEKNO have signed a contract with the exploration department of #NIOC for #seismographic projects of #Basht and #Paniz.

  • #Zangeneh : #Phase_۱۴ project of the #South_Pars gas field would come online during ۲۰۲۰.

  • #Zangeneh : I welcome #MAPNA's presence in the #oil sector, and I expect MAPNA to step in the high-tech oil services sector which is currently owned by two international companies.

  • Iranian Minister of Petroleum Bijan #Zangeneh told a specialized panel at the Russian Energy Week: We believe that #oil and #gas are not weapons. https://bit.ly/۲oGlN۶۱

  • «I will stress my stances in Russia that the oil market must remain depoliticized so that unilateral and illegal disruptions in the market are prevented,» #Zangeneh said upon arrival in the Moscow Airport on Wednesday morning.

  • The project would transform the region as various oil storage facilities, export jetties, wave breakers and single buoy mooring systems would be built in Jask. He said that two refineries as well as petrochemical facilities were also planned to be build in the region afterwards.

  • #PEDEC has signed a contract with three Iranian firms for manufacturing and maintaining electropumps for #Goreh_Jusk Oil Pipeline Project. The contracts are aimed at building ۵۰ #pumps and maintaining them for a ۵year period. The value of the contracts is valued at roughly €۴۸m.

  • All the #pumps used in the #oil and #gas industry including mechanical seal pumps are designed and manufactured in #Iran. Pump-building industry in the oil, gas, petrochemical and power generation sectors has become localized.

  • We do not mean to battle cry, but the US cannot bring Iran's oil exports to zero: #Zangeneh The more international interactions, the better things can go on, but we are not stopped now and have put initiatives on agenda in various sectors.

  • #Iran supplying half of its demand for #catalysts domestically. Good results will be achieved in production of widely-used catalysts soon.

  • ۹۵ percent of the Iranian population have access to the national #gas distribution network.

  • Iran oilmin Bijan #Zangeneh: The country is producing ۱۱۵ million liters #petrol per day, ۱۱ ml/d above the Iran’s daily demand for the item. The excess petrol output will be earmarked for export.

  • Saudi energy minister is a technocrat and what he says about Iran are not necessarily his own views and this has already been related to him. Oil must not become a political issue.

  • Iran oilmin #Zangeneh : #Iran is the biggest guarantor of energy stability and security in the region while the #US is the biggest de-stabilizing force in the world. We have always said that oil is not a weapon but where energy security is at stake, we will be affected.

  • Amendments were made to the OPEC and Non-OPEC Cooperation Charter, and decisions of this charter are not binding and will not create an obligation for the countries.

  • The official voiced his agreement with the date change after a meeting with his Russian opposite number Novak in tehran. For the time being, the #۱۷۶th_meeting is slated to be held on the original date and I disagree with changing the date to July ۳ and ۴ because of being busy.

  • Tehran and Moscow signed a Memorandum of Understanding after the third meeting of the Iran-Russia Energy Working Group here in Tehran on Monday.

  • #NIOC introduces ۱۴ exploration blocks to Iranian E&P firms

  • Iran Oilmin Bijan #Zangeneh left Tehran for #Muscat to engage in energy talks with Omani officials