Trial Version
FA Thursday, January 17, 2019
Iranian Minister of Petroleum Bijan Zangeneh said despite the fact that among the oil-exporting countries in the region, Irans budget was the least dependent on petrodollars, the macroeconomic policy of the country “is to reduce the dependence of the budget on oil revenues."
Iran plans to sell 3 million barrels of crude oil to private companies in the third round of sales aimed at bypassing US sanctions, Minster of Petroleum Bijan Zangeneh says.
Iran’s gas recovery for the supergiant South Pars gas field is projected to increase by 56 mcm/d by the end of the current calendar year to March 20 2019.
Iran’s natural gas export which was halted by damage to IGAT-6 Pipeline has resumed.
Iranian Minister of Petroleum Bijan Zangeneh said the outcome of 175th OPEC Meeting served Iran’s interests as well as those of the organization.
Iran managed to secure exemption from an agreement by OPEC members to reduce their oil production to prevent supply glut and bolster the prices.
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