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Tag Archives: Iran Oil

Tehran and Moscow to Develop Business Cooperation

“Tehran and Moscow are now mulling use of their national currencies in their trade exchanges,” Deputy Chairman of Russian Chamber of Commerce and Industry G.G. Petrov said on Tuesday. Prospects of mutual cooperation between Iran and Russia are very promising and it is expected that existing hurdles would be removed …

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Total to Resume Cooperation with Iran’s Oil Industry

TOTAL OIL COMPANY

“National Iranian Oil Company welcomes the expansion of cooperation with Total,” Rokneddin Javadi was quoted as saying by Shana after a meeting with Arnaund Breuillac, the president of Exploration & Production at Total Company. “Total has already voiced preparedness to sign new contracts with Iran,” he added. Also, Arnaud Breuillac of …

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Iran Eyes $185 Billion Oil and Gas Projects After Sanctions

Iran on Thursday outlined plans to rebuild its main industries and trade relationships following a nuclear agreement with world powers, saying it was targeting oil and gas projects worth $185 billion by 2020. Iran’s Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh said the Islamic Republic would focus on …

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Germany to Release Iran’s Frozen Oil Equipment

Germany will free Iran’s oil equipment, which has been blocked in Germany, said Mohammad Hossein Peyvandi, the deputy managing director of the National Iranian Petrochemical Company.  Peyvandi made the remarks in a meeting with Germany’s Minister for Economic Affairs and Energy Sigmar Gabriel, who leads a high-ranking delegation to Tehran, …

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Iran to Flood Asian Oil Markets Post Nuclear Deal

The Iranian Oil Ministry is going to boost its output by 500 thousand barrels per day after the newest Nuclear Deal removes restrictions on the country’s oil trade. The ministry plans to materialize the increase by late September and the product will be sent to markets in southern, southeastern, and eastern …

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