Tehran 07 March_Iran’s Minister of Petroleum Bijan Zangeneh says an OPEC meeting on Friday was one of the group’s “worst ever” after it failed to reach an agreement on more oil cuts.
TEHRAN, May 24, YJC - Iran’s Petroleum Minister Bijan Zanganeh said he does not expect the Organization of the Petroleum Exporting Countries (OPEC) to call on the Islamic Republic to reduce its oil production when it meets to discuss extending an oil output deal tomorrow.
TEHRAN, May 7, YJC - Iran has refreshed its consent with the price of oil around $55 per barrel with the country’s Petroleum Minister Bijan Zanganeh stressing that there is already a consensus among producers to keep the prices at the same level by extending the current production cuts.
Iranian Oil Minister Bijan Zangeneh said that the country’s revenue of oil and condensate is expected to hit $41 billion by the end of the current Iranian calendar year (which ends on March 20, 2017).