Iran’s oil minister said Monday that output at many oil wells has fallen from 50,000 barrels p/d to 1,000 and local expertise should help restore production.
Iranian Labour News Agency
Iran’s oil minister said Monday that output at many oil wells has fallen from 50,000 barrels p/d to 1,000 and local expertise should help restore production.
Iran’s oil minister has said that his country intends to raise $145 billion in domestic and foreign investments to improve its oil industry in the next 4-8 years, underlining the importance of cooperation with Chinese companies.
Iran’s Oil Minister Javad Owji has for the first time appointed a special representative for petroleum issues involving the neighboring Iraq.
Iran’s oil minister on Saturday accused U.S. President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices, adding that Iranian output and exports had not changed as a result of U.S. pressure.
Iran’s oil minister said on Monday that a majority of OPEC members support extending output cuts but a final decision will be taken at their next meeting on Nov. 30, Reuters reports.