Bijan Namdar Zanganeh - Press Shia Agency

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OPEC members agree to extend oil production cut

OPEC members agree to extend oil production cut

TEHRAN, Nov. 20 (Press Shia Agency) – Iran’s Oil Minister Bijan Namdar Zanganeh said “most OPEC members have agreed to extend oil production cuts.”On the margin of signing a domestic agreement on Monday, Bizan Namdar Zanganeh discussed oil export and said “Iran’s oil & gas export has reached 2.5 million barrels a day.” “Most OPEC members have agreed to extend oil production...

Trump’s threats had no effect on oil market

Trump’s threats had no effect on oil market

TEHRAN, Oct. 22 (Press Shia Agency) – Iran’s Oil Minister Bijan Zanganeh said oil prices are still under influence of OPEC and US President Donald Trump’s threats against Iran have left no effect on the global oil market.“If Donald Trump’s threats against Iran had any value to the international community, oil prices should have rose up to about 65 dollars by now, but the US...

S Korea eager to invest in Iran’s oil industry

S Korea eager to invest in Iran’s oil industry

TEHRAN, Oct. 17 (Press Shia) – S Korea’s OLIT minister met with Iranian Oil Minister Zanganeh, on Tuesday, in Tehran. She told the media that S Korea backs companies wishing to invest in Iran.“The government of South Korea supports S Korean companies willing to invest in Iran,” said the South Korean Minister of Land, Infrastructure and Transport (MOLIT) Kim Hyun-Mee, on Tuesday, in her...

Iran, Indonesia mull expanding ties 

Iran, Indonesia mull expanding ties 

TEHRAN, Mar. 07 (Press Shia) – As two developing Muslim countries, Iran and Indonesia have always enjoyed many commonalities. The Islamic Republic of Iran as one of the most distinguished countries in the region is now in a path that Indonesia experienced in terms of growth in gross domestic product over past few years.  The Iranian and Indonesian officials have always expanded their...