Russia interested in investment in Iran oil, gas projects
Russia is interested in investment in Iran’s oil and gas projects, Russian Energy Minister Alexander Novak said on Friday. He made the remarks in a joint press conference with Iranian co-chairman of Iran-Russia Joint Economic Cooperation Commission Mahmoud Vaezi. The Russian co-chairman of Iran-Russia Joint Economic Cooperation Commission said that…
Iran to minimize oil on water storage
The Operating Director of Kharg Oil Terminal at Iranian Oil Terminals Company (IOTC) Kumars Karami Moghadam said “the overhaul of strategic reservoirs at Kharg oil terminal, as the largest oil export terminal in the Persian Gulf, is carried out on a regular basis to prepare them for emergencies.” “Considering the…
Iran expects oil prices to rise to $60pb only after 2020
A senior Iranian oil market expert says the price of oil will gradually rise in 2016 but will not cross $60 per barrel before 2020. Iran Oil Ministry Director for OPEC affairs Mehdi Assali said that the oil price slump will bring investors to the Middle East given low cost…
